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Key Milestones


In July 2014, we obtained safety licenses from the provincial government for the Panzhuang and Mabi concessions.

In August 2014, a panel of specialists organized by MOLAR certified an additional 209 square kilometers proven reserves in the Mabi concession.

In November 2014, the Mabi concession was connected to the PetroChina Central Processing Hub, which allows us to deliver CBM to PetroChina and other customers connected to the PetroChina Central Processing Hub.

On December 24, 2014 our gross daily CBM production from the Panzhuang concession exceeded 50 million cubic feet per day, and our average gross daily CBM production rate reached 1,000 mcf per well.