I recently became a holder in SEH because of the massive possible upside (even in the face of low cash reserves.) I see this company having a fantastic future and with one of the largest land holdings of any foreign country in the gas play area,this could be a monster in hiding
China risks cost of fracking to exploit shale gas Jonathan Watts April 26, 2011 CHINA has begun trials of the controversial drilling technique known as fracking to exploit the world's largest reserves of shale gas, as it tries to cope with the energy demands of a fast-growing economy while reducing its dependence on coal. In the past two weeks, engineers have completed the country's first horizontal shale gas well in Sichuan and government officials have begun drafting a national strategy to identify 1000 billion cubic metres of exploitable resources by 2020.
SEH Price at posting:
6.6¢ Sentiment: LT Buy Disclosure: Held