Sino Gas & Energy Holdings Limited says that RISC Operations Pty Ltd (RISC), an Australian based, internationally recognised independent petroleum advisory evaluation and valuation group, has completed their independent assessment of Reserves and Resources at both of Sino Gas' Production Sharing Contracts (PSCs) in the Ordos Basin, China.

Significant Reserves Booking & Resources Upgrade

Total project 2P Reserves have increased to 327 billion cubic feet (bcf) from 22 bcf since the previous independent assessment by RISC in January 2012, reflecting Sino Gas' commitment to developing the PSCs based on the progress made on preparatory work for regulatory submissions, reserve planning and scheduling for pilot production.

Tags: Sino Gas & Energy Holdings Limited