Ann: Sino Gas - Q4 Activities Report, page-19

Just read the report! Thanks a million for sharing!

I like this bit...

"Given the current global oil price environment there may be (marginal) downward pressure on the gas prices in China.
However we highlight continued concerted push by government (via national policy) to increase domestic supply, as such we do not view this downside risk as significant, nor any price decrease that may occur to be of a material quantum.

Furthermore, at a development and production cost of <$2.0/mscf, SEH and the JV can weather any downward pressure whilst maintaining a significant margin of safety, and moreover profitability per molecule of gas produced."

So in other words,... she may loose the lipstick but she's still a natural beauty! :)