This is what they wrote about the triple energy acquisition.
2. Heilongjiang Province The Group through its 60% owned subsidiary, currently held 19.90% interest in Triple Energy Limited, a company listed in Australian Securities Exchange and holding a coal bed methane gas project in Heilongjiang Province. Triple Energy Limited operates pursuant to the coal mining and exploration leases in areas such as Hegang mines, Shuang Ya Shan mines, Qi Tai He mines and Yixi mines in Heilongjiang Province. It will be complementary to the existing business model of the Group, which can result in a vertical integration of its natural gas business and provide natural gas sources by from its own gas resources of Hegang mines.
TNP Price at posting:
0.6¢ Sentiment: None Disclosure: Held
