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sino gas & energy holdings l (SEH) Snapshot

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08/25/14 - A$0.26
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04/9/14 - A$0.13
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sino gas & energy holdings l (SEH) Details

Sino Gas & Energy Holdings Limited, an energy company, is engaged in the exploration and development of unconventional gas assets in China. It operates Linxing and Sanjiaobei production sharing contracts located in the Ordos Basin, Shanxi province. The company was incorporated in 2007 and is based in Beijing, China.

Founded in 2007

sino gas & energy holdings l (SEH) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: A$50.8K
Company Secretary
Total Annual Compensation: A$66.0K
Compensation as of Fiscal Year 2013.

sino gas & energy holdings l (SEH) Key Developments

Sino Gas & Energy Holdings Limited Confirms Mr. Glenn Corrie to the Board as Managing Director

Sino Gas & Energy Holdings Limited confirmed that Mr. Glenn Corrie has been appointed to the board of the company as managing director, effective 1 January 2015. Glenn joined the company in August 2014 as chief executive officer and his election to the board is a sign of the boards confidence in Glenn.

Sino Gas & Energy Holdings Limited Announces the Appointment of Glenn Corrie as Managing Director, Effective 1 January 2015

Sino Gas & Energy Holdings Limited announced that Mr. Glenn Corrie will be appointed to the Board of Sino Gas as Managing Director, effective 1 January 2015. Glenn joined the company in August 2014 as Chief Executive Officer.

Sino Gas & Energy Holdings Ltd. Announces First Sales from Pilot Production Program

Sino Gas & Energy Holdings Ltd. reported gas sales arrangements for the pilot testing program have been finalised and gas sales have commenced from the Sanjiaobei and Linxing blocks, in the Ordos Basin, Shanxi Province, China. Gas production has commenced through the Sanjiaobei central gathering station from both Linxing and Sanjiaobei pilot wells. Initial constrained production has commenced at approximately 3.5m standard cubic feet (MMscf) per day from a pool of 16 pilot wells and is planned to be ramped up in a safe and efficient manner towards full plant capacity of 8 MMscf/day in 2015. Construction on the Linxing central gathering station continues to make good progress and the facility is on-track to be commissioned in mid-2015 with a capacity of 17 MMscf/day, bringing the total pilot program capacity to 25 MMscf/day. Data from the pilot production will continue to improve the understanding of long-term reservoir performance for optimising full field development and Overall Development Plan submissions. Gas sales arrangements for the sale and purchase of gas from the Linxing and Sanjiaobei blocks have been signed with Lin County Jiahao New Energy Company Ltd. for distribution via the Yulin-Jinan regional pipeline. Under the terms of the agreements, gas is to be sold from the Sanjiaobei central gathering station at initial prices of up to $9.50 per thousand standard cubic feet, along with an annual price adjustment mechanism linked to market pricing and applicable government policies. This is a significant improvement from the $7.00 per thousand standard cubic feet announced June 26 2013, as higher national gas prices feed through to the realised wellhead price.


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