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Sino Gas & Energy Holdings Ltd (SEH.AX)

SEH.AX on Australia Stock Exchange

27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Sino Gas and Energy Holdings updates on gas sales allocation agreement
Sunday, 24 Jul 2016 06:34pm EDT 

Sino Gas & Energy Holdings Ltd : Sanjiaobei pilot gas sales allocation agreement reached . Agreement with petrochina cbm reached on the allocation of pilot gas sold from the sanjiaobei psc . Sanjiaobei cgs to be brought back on-stream and ramped up to full capacity of about 8 mmscf/d over the second half of 2016 . about US$2 million expected to be received in Q3 of 2016 by the joint venture for gross gas sold from the sanjiaobei psc to date .  Full Article

Sino Gas & Energy says gas sales proceeds received by JV remitted offshore China for first time
Wednesday, 25 May 2016 06:27pm EDT 

Sino Gas & Energy Holdings Ltd : Gas sales proceeds received by the joint venture company, Sino Gas Energy have been remitted offshore China for the first time . Finalising the necessary approvals, approximately US$1 million equivalent has been remitted to sge's bank account . Intention for the funds to be held in US dollars in the joint venture's Hong Kong bank account .  Full Article

Sino Gas & Energy Holdings Ltd announces completion of placement tranche 2 share issue
Monday, 8 Jun 2015 07:19pm EDT 

Sino Gas & Energy Holdings Ltd:Says that settlement of second tranche of placement announced on April 23, was completed via issue of 298,362,897 shares at $0.16 per share to raise A$47,738,063.Says that this completes the company's recent capital raising initiatives having raised A$84.1 million (before costs), consisting of A$80 million from placement and A$4.1 million from share purchase plan.  Full Article

Sino Gas & Energy Holdings Ltd completes A$80 million placement
Wednesday, 22 Apr 2015 07:58pm EDT 

Sino Gas & Energy Holdings Ltd:Says completion of capital raising with commitments received for placement of 500 million shares at A$0.16 per share to raise A$80 million.Proceeds from placement will be used to fund the company's expenditure requirements materially towards Overall Development Plan (ODP) including the aggressive build out of production through drilling, and adding new central gathering stations, and continued exploration activity.Proceeds will also provide additional working capital, flexibility to repay debt, and a position of financial strength for the company in its commercial dealings as well as general corporate purposes.  Full Article

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