Sino Gas And Energy Holdings Limited (ASX:SEH) Continues Its China Focus

Sydney, Aug 11, 2010 AEST (ABN Newswire) - Sino Gas And Energy Holdings Limited (ASX:SEH) said today that the company has commenced the pre-spud activity on the TB-08 well, a step-out well from its very successful TB-07 well that flowed at an estimated rate of 2,900,000 scf/day. Expected to spud next week, the TB-08 well is designed to verify the extent of the same highly productive gas bearing reservoir sands encountered on TB-07, a key step in Sino Gas And Energy's reserves upgrade program.

The company is also working to commence a feasibility study for a Pilot Development Work Program on its acreage and will investigate the marketability of the gas produced during the Pilot. A target market for gas sales from the Pilot will be the expanding Compressed Natural Gas industry within Shanxi Province, in which Sino Gas's acreage is located.

Also today, Sino Gas And Energy announced the appointment of Mr Frank Fu as Chief Operating Officer. Mr Fu has extensive coal bed methane operational experience in China. His appointment emphasized the company's continuous focus in China.

In June 2010, the company successfully completed a capital raising of A$27.5 million to fund its portfolio of unconventional gas assets in China.

Contact

Qiubei Fu Asia Business News Asia Bureau Tel: +61-2-9247-4344 Email: qiubei.fu@abnnewswire.net