Sino Gas & Energy Holdings (ASX:SEH) has released its guidance for 2018 as well as its strategic priorities. Sino Gas plans to secure overall development plan approvals for the Linxing and Sanjiaobei production sharing contracts, maximise production and revenue through existing and new facilities, and position itself for continued production growth post ODP approval in line with the development plan.

Sino Gas & Energy Holdings (ASX:SEH) has released its December quarter results, highlighting a Q4 gross production exit rate of ~25MMscf/d and quarterly average of ~21MMscf/d. Sino Gas' full-year 2017 production rate of ~17MMscf/d was within guidance. The company submitted its Sanjiaobei ODP to its production sharing agreement partner PCCBM, with approval expected in the first half of 2018. Sino Gas expects its assets to deliver significant free cash flow from 2020.

Sino Gas & Energy Holdings (ASX:SEH) is pleased to announce that its five-year senior secured $US100 million debt facility with Macquarie Bank has been finalised, following completion of due diligence and satisfaction of all conditions precedent. Along with cash on hand and anticipated cash flow from operations,  the facility is expected to fully fund Sino Gas' share of the Linxing and Sanjiaobei development plan. $US10 million of the facility has been drawn to repay and cancel the previous debt facility.

Sino Gas & Energy Holdings (ASX:SEH) is pleased to announce that the Sanjiaobei Overall Development Plan has been submitted to the Company's PSC partner PetroChina CBM for approval, representing an important regulatory milestone in the development of the Sanjiaobei PSC. The ODP was compiled in collaboration with PCCBM and accounts for ~60% of the current discovered area of Sanjiaobei. 

Sino Gas & Energy Holdings (ASX:SEH) has noted a report by RBC Capital Markets analyst Ben Wilson regarding increased demand for gas in China last month. Chinese natural gas consumption for November was 23.2bcm, up about 20 per cent on the prior period and running up 19 per cent YTD on 2016 figures. RBC has reaffirmed that Sino Gas stands out as its favoured pick among the junior E&Ps with its direct China gas consumption exposure as it ramps up production in the Ordos Basin.