Sino Gas & Energy : – Q1 Activities Report
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
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.