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Key Milestones
The primary founders of AAG established CBM Energy Associates, L.C. (CBMEA), aimed at coalbed methane (CBM) exploration and development in China...
The primary founders of AAG established AACI to focus on coal mining and CBM exploration in China. AACI implemented what we believe was China’s first functional degas systems...
AACI entered into the Mabi PSC. AAGI was established by AACI to focus on new CBM opportunities in China. AAGI acquired all rights and obligations under the Mabi PSC from AACI....
We achieved 30,000 cubic meters per day (1,059 mcf per day) from a single MLD well, which was the highest single-well production in China...
We achieved our first pilot commercial sales for the Panzhuang concession...
MOLAR issued the CBM mining license which grants the mining rights for the central area of the Panzhuang Project.
In the second half of 2010, a panel of specialists organized by MOLAR certified 62.0 square kilometers reserve area of coal seam 3 in the Panzhuang concession...
We drilled the first three pad-drilled directional wells in the Mabi concession, making us, what we believe...
As of June 30, 2012, as certified by NSAI, the Panzhuang and Mabi concessions had a total estimated 85.7 bcf of gross proved reserves (1P), 494.9 bcf of gross...
The NDRC issued a preliminary Mabi ODP I approval for the Mabi Project.
In July 2014, we obtained safety licenses from the provincial government for the Panzhuang and Mabi concessions...
AAG Energy was successfully listed on the main board of the SEHK on June 23rd, 2015.
Panzhuang daily gas production exceeded 1.55 mmcm/day on June 17th, 2016.The pilote wells in southern Mabi reached 150,000 m3 by the end of June, a 33% increase compare with the first half of 2015.