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Sino Gas & Energy Holdings Provides Q2 Activities Report

31 Jul 2017  |  08:52:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Q2 Activities Report

Sino Gas & Energy Holdings provided Q2 activities report. A total of 145,850 Lost time injury free hours were recorded during 2Q17 from the drilling, testing and production operations on the Linxing and Sanjiaobei PSCs. There were no recorded environmental incidents. It remains on track to achieve annual production within its production range, albeit at the lower end of the range. As a result, the production guidance range for the year 2017 is being narrowed to 18 to 21 MMscf/d. During the second quarter, two pilot wells completed drilling on Linxing West, identifying net pay of 6.8 and 22.7m respectively. During the second quarter, five pilot wells on two pads completed drilling, identifying net pay of 10-30 meters each.

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