News Articles for Sino Gas & Energy Holdings

The board of China-focused Sino Gas & Energy Holdings has backed a takeover offer from US private equity group Lone Star, which values the gas producer at $530 million.

Sino Gas and Energy has moved closer to supplying the booming Chinese domestic gas market from its two fields in the Ordos basin after securing $US100 million in funding fr

SPECIAL REPORT: Livestock exporter Wellard has had a rocky start to life as a listed company after completing Western Australia's second-largest capital raising of 2015, and the state's sixth-largest initial public offerings of all time. Wellard's $299 million IPO was one of the few high points of 2015, when a lack of mining deals led a sharp slide in overall capital raising activity.

Sino Gas & Energy Holdings has completed an $80 million capital raising to fund a development plan for its onshore gas projects in China.

Sino Gas and Energy Holdings has finalised agreements for the sale of gas from its Linxing Station to a Chinese energy investor, at $US9.62 per thousand cubic feet.

Former Alinta chief financial officer John Cahill has been appointed as an independent non-executive director at Toro Energy.

Drilling services and products supplier Imdex has been hurt by subdued activity in the minerals sector, with a net loss after tax of $5.3 million.

Drilling fluids and equipment supplier Imdex has sold its stake in Sino Gas & Energy Holdings, raking in $17 million from the sale.

Sino Gas & Energy Holdings has appointed former Ophir Energy commercial and business development director Glenn Corrie as the firm's new chief executive officer.

Sino Gas & Energy Holdings has signed a term sheet with Macquarie Bank for a US$50 million loan, which will be used to support its joint venture entity's working interests in the Linxing and Sanjiaobei production sharing contracts at the Ordos Basin in China.

Sino Gas & Energy Holdings managing director Robert Bearden has announced his retirement.

FEATURE: A diverse array of privately held and public-listed companies is angling to become the next success story in the onshore oil and gas sector.

Sino Gas & Energy has taken advantage of a strong rally in its share price, reaching an agreement to raise $53 million at 20 cents per share, to progress development of its coal seam gas assets in China's Ordos Basin.

Sino Gas & Energy Holdings has reported an increase in reserves and resources for its production sharing contracts in China.

Drilling fluids specialist Imdex has sold part of its stake in Sino Gas & Energy, to raise around $24 million.

Perth-based advisory and stockbroking firm Argonaut has been appointed by Sino Gas and Energy Holdings as its corporate advisor.

Perth-based Sino Gas & Energy plans to list on the local stock exchange in the coming months as it prepares to launch a $10.3 million rights issue and initial public offer.

SINO Gas & Energy will be the latest Perth-based company to test investor appetite for initial public offerings as the number of companies with listing aspirations starts to increase.