re: Ann: Sino Gas - Linxing PSC Extension and...
Rifici
You raise some interesting observations which makes me somewhat confused as well, however there was one particular part of the announcement which did get my attention...
"Our Modification Agreement with Sino Gas opens up avenues for CUCBM and Sino Gas to cooperate on new coal bed methane, shale gas and other unconventional gas opportunities in the future?, said Mr Wu"...
This makes me wonder if there are additional 'value-adding' potential projects in the pipeline, which excites me quite a bit, as I am a shareholder being already confident with this company as a pure CBM gas play! Any potential for future shale gas and other 'unconventional gas opportunities' could significantly add to current and projected valuations...
It would be a terrific situation if the delays in the Chinese Reserves Report were because the recent 'company?s seismic program' had identified 'other' potential gas assets other than solely from CBM???
SEH Price at posting:
5.9¢ Sentiment: Hold Disclosure: Held
