Sino Oil and Gas Holdings's Sanjiao CBM Project Environmental Report Gets State Approval

Orion Energy International Inc. (OEI), a wholly-owned subsidiary of Sino Oil and Gas Holdings Limited, has been notified by China National Petroleum Corporation (CNPC) that the report on environmental effects from Sanjiao CBM Project was approved by Shanxi Provincial Department of Environmental Protection on 28 July2014.

“The report on environmental effects is a core assessment report which is the most crucial and symbolic part to the Overall Development Program of Sanjiao CBM Project (“ODP”). This approval is not only important to the reporting and the subsequent approval of the entire ODP, but also marks the substantial progress of the same while the approval indicates the support and recognition from the relevant government authorities in relation to the exploration, development and production of Sanjiao CBM Project,” Sino Oil and Gas Holdings said Tuesday.

This approval of the report on environmental effects has laid a solid foundation for the grant of final approval of the ODP from the PRC government, the company further stated.

Sino Gas Oil and Gas Holdings and China National Petroleum Corporation are engaged into the exploration, development, production and sale of coal bed methane and other relevant derivative products in area of approximately 383 square kilometers located in the Erdos Basin of Shanxi and Shaanxi Provinces in China.