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Xinjiang Xintai Natural Gas (603393.SH): In the fourth quarter, the Pan Zhuang and Ma Bi blocks continue to maintain steady and high production.
Gelonghui reported on January 8 that Xinjiang Xintai Natural Gas (603393.SH) recently stated during a survey of Institutional investors that in the fourth quarter, the Panzhuang and Mabi blocks continued to maintain stable and high production. In 2024, the annual output of the two blocks is expected to exceed 2 billion cubic meters, setting a new record compared to the 1.704 billion cubic meters in 2023. Currently, the daily gas production of the Panzhuang block remains around 3 million cubic meters. The annual output of the Panzhuang block is preliminarily estimated to have successfully completed the initial expectation of over 1.1 billion cubic meters; the annual output of the Mabi block is preliminarily estimated to be in line with the initial expectation, close to 0.9 billion cubic meters, which is a significant increase compared to 0.572 billion cubic meters in 2023.
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Xinjiang Xintai Natural Gas (603393): Leading the prosperous coalbed methane track, abundant gas sources help growth.
The core viewpoint accelerates the layout of upstream gas sources, opening up the entire natural gas industry chain. Through investment integration in the leading coalbed methane development company, Yamei Energy, and the continuous expansion of upstream projects, the company has become a domestic private enterprise with scarce self-owned gas sources, basically achieving
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New Natural Gas - Q3 2024 Report