Entry for STT list FA
SEH. Sino Gas and Energy
Mcap 230mil
Current price 15.5c
Gas in China
Sino had 2 pullback events this week being (1) CEO retirement and (2) large sub holder selling down that needs cash. Pushed price down from 22c to 14.5c this morning, over 4 days.
Drilling 29 new wells to increase resource base which is already massive, through this quarter. Instos have been buying heavily in the past 6 months. Technically today it has finished consolidation and turned. Trigger events due in next month will be around (1) new well success, (2) update to production sales agreements, and (3) new CEO
Below presentation released today is excellent
Disclosure. I just backed a truck up and bought a packet
http://www.sinogasenergy.com/images/stories/Presentations/hong%20kong%20mines%20money%20investor%20update.pdf
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David DeTata, Managing Director
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