Sino Gas and Energy Holdings Limited (ASX: SEH) plunging on ASX

Sino Gas and Energy Holdings Limited (ASX: SEH) is into production and development of gas assets into china along with its exploration, to progress the proposed acquisition of Sino Gas by Lone Star, and the groups continue to work together and remain on track to meet the announced indicative timetable. The Directors of Sino Gas appointed Grant Thornton Corporate Finance Pty Ltd (“Grant Thornton”) as independent expert for the purposes of the scheme.

Net Sino Gas mid-case discovered Resources decreased 28% from 31 December 2017 to 1.1 Trillion cubic feet, and comprised of net 2P Reserves of 256 billion cubic feet (-56%) and net 2C Resources of 806 Bcf (-10%); and Net Sino Gas P50 Prospective Resources decreased 54% due to the relinquishment of acreage in Linxing East.

Sino Gas and Energy Holdings Limited (ASX: SEH) is currently trading at a market price of $0.212 and has seen a daily price change of -$0.013 or -5.778% in terms of percentage on July 12, 2018. The stock’s past 12 months’ performance change was a rise of 174.39%. The stock has a market capitalization of $476.74 million as at July 12, 2018 and fairs well among its peers.


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