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SEH, SINO GAS & ENERGY HOLDINGS LIMITED
flower
post Posted: Jul 25 2014, 10:21 AM
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Basically everything appears to be going according to plan with Pilot Production likely later in the year. 8 pages packed with information.

Drilling, fraccing, and flow testing going on apace in a multitude of locations.

MIE now contributed it's full quota of USD90m, cash in hand USD57m. USD50m facility available via Macquarie Bank.
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Sino Gas - Q2 Activities Report
http://www.asx.com.au/asx/statistics/displ...;idsId=01535991



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flower
post Posted: Jul 24 2014, 10:55 AM
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In Reply To: Tradestar's post @ Jul 17 2014, 10:49 AM

QUOTE
Don't forget placement was at 20c - I think for around 265 million shares. This will create some resistance.


Seemingly 20c price barrier now broken--awaiting Q report.
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Tradestar
post Posted: Jul 17 2014, 10:49 AM
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In Reply To: flower's post @ Jul 15 2014, 06:27 PM

Don't forget placement was at 20c - I think for around 265 million shares. This will create some resistance.


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flower
post Posted: Jul 16 2014, 01:58 PM
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In Reply To: cooderman's post @ Jul 15 2014, 04:41 PM

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it ha been a while since it closed above .20.....looks like a lot of res. there


You called it correctly, mind you if you use a daily chart rather than a weekly one it may fall a touch further to that gap, not that I'm a gap expert.

All in all again using a daily chart a minor pullback in to the Q announcement is no bad thing, given the volume and price created yesterday by the flow test announcement.

If it does drop under 17c IMO that would offer a great opportunity to increase a holding.
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flower
post Posted: Jul 16 2014, 10:02 AM
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Very experienced geophysicist appointed as CEO.
This with other board movements ticks yet another box for SEH
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Sino Gas - Appointment of CEO and Chairman Succession
http://www.asx.com.au/asx/statistics/displ...;idsId=01533852



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cooderman
post Posted: Jul 16 2014, 08:44 AM
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In Reply To: flower's post @ Jul 15 2014, 06:27 PM

QUOTE
20c may be nothing more than a normal psychological barrier


a large volume on seller side at .20.....if that goes early today there should be a few more cents in this.

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flower
post Posted: Jul 15 2014, 06:27 PM
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In Reply To: cooderman's post @ Jul 15 2014, 04:41 PM

20c may be nothing more than a normal psychological barrier, the sheer size of the Ordos Basin and the solid backing of MIE as JV partner lend weight to the long term possibilities.

This clip from the AFR recently dd 27th June 2014:


ORDOS PRODUCTION TO START

The target in China's 12th Five Year Plan of 6.5 billion cubic metres of shale gas by 2015 is seen by Bernstein Research analyst Neil Beveridge as doable, thanks to Fuling, but that still leaves a mountain to climb to reach the 2020 target of 60-to-100 billion cubic metres. The incentives are there, however, and Sino Gas (not to be confused with the services provider Sino Australia Oil and Gas in trouble with ASIC) is set to benefit through the start of initial production later this year from two close-by blocks in the Ordos basin, Linxing and Sanjiaobei.

With plenty of infrastructure in China's second-biggest onshore petroleum province and quality local partners, selling the molecules isn't a problem.

Pricing of $US7 per thousand cubic feet under the contract for Sino Gas's first-year of sales is set to move up later in line with national pricing under a government-imposed formula of about $US10. That leaves a healthy margin, given well and operating costs of about $US1.50.

Harper says pricing for local producers has been designed to encourage production, while still making gas competitive with coal in many applications. As estimates for the pricing of Russian gas are also about $US10, the factory-gate price could be about $US13 for either Russian imported or locally produced gas.

On paper its resource numbers also look solid for an about-$240 million junior, with net proven and probable reserves of 291 billion cubic feet, contingent resources of 850 bcf over 1 trillion cubic feet in the hazier "prospective resources" category.

Sino is still struggling to win over a sceptical and risk-averse market to its story, although has welcomed several top-flight institutional investors onto its register in recent months.

Harper is aware he needs to put more runs on the board: the production ramp-up, locking in a pending debt facility and meeting the target of 60 wells drilled by the year-end all look likely to be crucial, as will the appointment of a new managing director to replace the now-retired Robert Bearden.


http://www.sinogasenergy.com/images/storie...0sino%20afr.pdf





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cooderman
post Posted: Jul 15 2014, 04:41 PM
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it ha been a while since it closed above .20.....looks like a lot of res. there

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armourlite
post Posted: Jul 15 2014, 04:06 PM
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Very nice today.

 
Tradestar
post Posted: Jul 15 2014, 03:32 PM
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In Reply To: flower's post @ Jul 15 2014, 03:15 PM

Need pilot production running on both PSC's, CRR's submitted and probably another great horizontal well result in north part of LXG PSC and I reckon we'll be close to 28-30c by end of year.


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