Sino Gas & Energy Holdings Completes Seismic Survey on China CBM Blocks

Sino Gas & Energy Holdings Limited has completed seismic survey for the 2012 work program on both the Linxing and Sanjiaobei PSCs. The 2012 planned work program involves the drilling of 17 wells and shooting of 270km of 2D seismic across both PSCs.

The company said that substantial progress continues to be made in the drilling program, with four of the eight wells planned on the Linxing PSC area spudded and LXSG-09 approaching a total depth of approximately 850m. All four wells are targeting multiple known coal seams across the region and will be dewatered and tested upon the completion of drilling.

Most of the seismic fieldwork has been focused on previously unexplored acreage, allowing for further expansion of the already large resource base of 3.7 trillion cubic feet and providing more clarity of the project’s additional valuation upside potential, the company said.