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Triple Energy (ASX: TNP) will update investors at the upcoming "Stars in 2013 Series" in Sydney on Wednesday 23 January 2013 on its quest to produce gas for China's rapidly growing domestic market.
Participation is free but you must register as this is a private function.
The company holds a 80% profit interest in a coal mine gas project in China's Heilongjiang province under its cooperative joint venture with Longmay Coal Mining Company.
It covers up to five coal mine areas with a total area of 2,700 square kilometres that anecdotal information indicates contain gas charged coal seams.
Triple has access to a huge existing borehole data set over the acreage that provides a detailed mapping of coal seams, allowing it to skip the exploration stage and move straight to drilling wells.
Drilling will be facilitated by the presence of a U.S.-built coal seam gas rig on site and ready for use.
Triple plans to drill up to three wells in March or April this year to establish gas recovery and gas flow rates. This will lead to a pilot production program if at least two wells are successful.
Any gas produced will also find a ready market with domestic gas infrastructure already in place.