thanks anyway cant wait for them to start cranking up the development of the wang feng block. I noticed that this block was suppose to be up for a full field development via one of the old announcements.
In summary, the LoI includes 4 x blocks covering around 378 km2 total in the Ordos Basin of Shaanxi Province in PRC.
- The Tongchuan Block already has eight CBM wells drilled with seven currently on test production. - The WangFeng Block has four wells drilled to date (with two production tested and a full field development plan being progressed).
The Agreement is in the form of production sharing for Coal Bed Methane Drainage of three linked areas in Wangfeng and Sangshuping Mining Areas in Hancheng, Shaanxi Province.
The Agreement is for a cooperation area covering 162km2 , including the previously announced Wang Feng Area.
I wonder how much the full field development will cost and how they will raise money to cover that.
TNP Price at posting:
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cant wait for them to start cranking up the development of the wang feng block. I noticed that this block was suppose to be up for a full field development via one of the old announcements.
