Ann: Sino Gas - Results of Annual General Meeting, page-11

Yes, SEH showing all the signs that it's going under 16c. Now that the insto's have got hold of it, it will move with the indexes to some extent, assuming everything goes as expected for SEH.
There is now also a huge amount of risk with approvals needing to go as planned, significant JV co-operation required, and the potential for timetable blowouts and therefore further funding issues. If anything goes wrong now, SEH share price will get smashed. This I think is the real reason why SEH chose to raise the capital now. Most of the blue sky was in the early days, now SEH share price will rise on solid fundamentals which will only occur after approvals occur and significant production is occurring = 2 years away. So it is a 2-3 year hold with absolutely no hurry to buy in on any short term share price hype.