Sino's Chinese option

CHINESE gas developer Sino Gas & Energy Holdings has taken steps to increase its position in the Linxing PSC by snapping up an option for a further 5.25% in the development from private partner CBM Energy Associates.

Sino's Chinese option Sino's Chinese option Sino's Chinese option Sino's Chinese option Sino's Chinese option
The move will make it the largest interest holder in the Linxing West and Linxing East production areas.
 
Total consideration for the option over a 7.5% stake, which could be reduced to 5.

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