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If I was seeing 10's of millions of shares being sold off daily...

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chaser2

9 Posts.

17/08/17

19:35

Post #: 26573523
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Originally posted by mad hare ↑

Sino Oil and Gas is a pure CBM play and their ability to ramp up and offer large gas volumes at low prices and fund the drilling needed is likely to be challenging particular as the CBM bubble if there ever was one has long burst!

I think some time prior to ODP in 2013 they stopped drilling and had a limited number of wells circa 75 mixture of vertical and horizontal in place and they were looking to change their horizontal design and so a big step up to get into full production when well performance was uncertain.

Also unsure after ODP if the SOE joined then but likely they amount of gas these guys can produce on a good day is not sufficient to get into the big pipeline - you need to look at the flow and cost per well compared with SEH; suggest SEH are an order of magnitude better. Remember SOG had good local contacts at the start to get the approvals through but I suspect these guys had they cash and have long gone.

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If I was seeing 10's of millions of shares being sold off daily I would be concerned. If you cherry pickers have concerns about the future of the business then maybe you should do what I do from time to time & asked them personally.
Why did our partner buy in for $260+ million only a short time ago?

SEH Price at posting: 7.8¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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