Exploration & Production

AAG Energy’s CBM output up 29% in Q1 2018

AAG Energy Holdings increased its CBM output by 29% year on year in the first quarter of 2018, to 2.04 million cubic metres per day.
By Staff reporter 17 April 2018 0 30473

AAG Energy Holdings increased its CBM output by 29% year on year in the first quarter of 2018, to 2.04 million cubic metres per day (MMcm/d), the Hong Kong-listed developer said on Tuesday.

The company produced an average of 1.79 MMcm/d at the Panzhuang block and 250,000 cubic metres per day at the Mabi block in Q1.

The average sales price of AAG’s output climbed by 24%, to RMB 1.57/cm ($7.09/MMBtu).