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Technical Strength

We have applied and improved a number of drilling techniques that are tailored to the local geology of our CBM concessions and have been a pioneer in this area, which enabled us to realize commercial sales in the Panzhuang concession within two years of acquiring it. As of the end of June,Panzhuang gross production increased to 331.3 MMCM. Daily average gas production during 1H2018 was 1.83 MMCM per day. There were 184 wells in pilot production as of the end of June 2018 and Mabi produced 49.9 MMCM. 

Our success in using suitable technology to increase production can be replicated at other parts of the concessions we currently operate as well as at concessions we may secure in the future. Our experience and technical knowhow will help us identify commercial development potential, increase production levels at our current assets and better position us to compete for other unconventional development opportunities.