Sino Oil And Gas Holdings Limited (00702.HK) was listed on Hong Kong Stock Exchange on February 2000 and became one of the constituent stocks of Morgan Stanley SME Index since 2009.
As its core strategy, Sino Oil And Gas Holdings Limited and its subsidiaries (“The Group”) develops its oil and gas business across the globe. From 2007, The Group has successfully operated a number of oil and gas projects in China and foreign countries. The Group has accumulated solid oil and gas business operation experience and continuously strengthens the management and expert teams. In the meantime, the Group proactively introduced operators and investors with extensive experience in energy sector to the team.
At the current stage, the Group is principally engaged in natural gas and oil exploration and extraction with a focus on unconventional gas -- Coal Bed Methane (“CBM”). The Group also conditionally and strategically extends its business to midstream and downstream. Its key investment area includes eastern edge of Ordos Basin and Qinshui basin which are the most representative CBM production bases in China. The Group aims to become a leading Hong Kong listed independent unconventional natural gas producer in the future.
Through its wholly-owned subsidiary Orion Energy International Inc. (“Orion”), the Group entered into a production sharing contract (“PSC”) in 2010 with China National Petroleum Corporation (“PetroChina”) for the exploration, exploitation and production of coalbed methane (“CBM”) in the Sanjiao block located in Shanxi and Shaanxi provinces. The Group shares a 70% interest in the PSC. Sanjiao CBM Project is one of the key development projects in “12th Five-Year Plan” released by National Development and Reform Commission (“NDRC”).
The ODP of Shanxi Sanjiao CBM Project submitted to NDRC has received the official approval in Nov 2015. The Approval signifies that the Sanjiao CBM project, in accordance with the ODP, commences the sizable development and production with target annual capacity of 500 million m3.
Looking forward, the Group will continue to push forward the construction and development of Sanjiao and build the Group’s first benchmark project in full effort. Meanwhile, the Group is looking for mergers and acquisitions opportunities with reasonable and potential returns in China, North America and Southeast Asia in order to speed up the Group’s business development and become a professional international oil and gas player.
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