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Friday, November 22nd, 2019

Sino Gas & Energy : – Q1 Activities Report

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by April 12, 2016 General

d142df6a-9c2b-46fe-9393-0cdcbb82b0fc.pdf

2016 PRIORITIES
Update reserves and resource estimates
Finalise cash receipt for gas sold from Linxing PSC
Finalise cash receipt for gas sold from Sanjiaobei PSC
Ramp-up to 25 MMscf/d over the year
CRR approvals
Prepare for ODPs submission following CRR approvals
Complete appraisal of Linxing (East) deep exploration area and submit CRRWORK PROGRAM2016 work program commenced – The JV partners have approved a capex budget of US$45 million. Four rigs are currently drilling exploration/appraisal wells on Linxing (East) before moving to development drilling on Linxing (West). Twenty-one wells planned including five exploration wells on Linxing (East) with the remainder being pilot development wells.

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