Cost allocation agreement under the PSC terms with CUCBM for development expenditure at Linxing hopefully will be confirmed by end of month in their Q118 report. Will be interesting to keep an eye on whether the SOE partners tip in more skin / more equity which would indicate a very prospective near term project ramp up and what Q1 daily production rates have been overall noting Jesé were trending higher in Q4 and have been steadily increasing over the last 12minths. Remaining optimistic here given SEH via the JV entity is fully funded for development ramp up at both PSC’s and near term +ve milestones exist in form of agreement of development cost allocation (different to that agreed early 2016 which relates to pilot sales), Sanjiaobei ODP approval and potentially some increased equity stake by partners - let’s see what gets updates on in the next week or so via the quarterly...
SEH Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
