AAG ENERGY HOLDINGS

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AAG (AAG Energy Holdings Limited) is the leading independent CBM producer in China, focusing on the development and value optimization of unconventional gas resources to supply clean energy to the Chinese economy. Through Asian American Gas, Inc., their wholly-owned subsidiary, they have production sharing contracts with two of the four state-owned enterprises authorized by the Chinese government to partner with foreign companies to explore, develop and produce Chinaโ€™s CBM assets, namely CUCBM... and PetroChina (through its parent company, CNPC). Pursuant to these production sharing contracts, they are the operator of the Panzhuang and Mabi concessions, granting us the right to explore, develop and produce the CBM within them. The Panzhuang and Mabi concessions are located in the southern Qinshui Basin, which contains the largest amount of proved CBM geological reserves of any basin in China and is the most active CBM producing basin in China. The Panzhuang concession is the most commercially advanced Sino-foreign CBM asset in China and remains the first and only Sino-foreign CBM concession in China to have received overall development plan approval. The Panzhuang concession has the highest average per well production rate of any CBM concession in China as of December 31, 2014, according to SIA Energy. We began CBM pilot production in Mabi in the first half of 2010 and in November 2013 we received preliminary approval for the Mabi ODP I from the NEA.

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AAG ENERGY HOLDINGS

Industry:
Clean Energy Energy Logistics Manufacturing Mining Oil And Gas Renewable Energy Solar

Founded:
1994-01-01

Address:
Central, Hong Kong Island, Hong Kong

Country:
Hong Kong

Website Url:
http://www.aagenergy.com

Total Employee:
251+

Status:
Active

Contact:
(852) 2803 0898

Total Funding:
50 M USD

Technology used in webpage:
SPF Apache Microsoft Azure DNS Alibaba DNS Pod China Unicom


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Current Employees Featured

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Pierce Li
Pierce Li CO-CEO & President @ AAG Energy Holdings
CO-CEO & President

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Carl Lakey
Carl Lakey Co-CEO and COO @ AAG Energy Holdings
Co-CEO and COO

Founder


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Xiangdong Zou

Stock Details


Company's stock symbol is HKG:2686

Investors List

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Vertex Ventures

Vertex Ventures investment in Series B - AAG Energy Holdings

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Vertex Ventures China

Vertex Ventures China investment in Series B - AAG Energy Holdings

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Warburg Pincus

Warburg Pincus investment in Series B - AAG Energy Holdings

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CITIC Capital Holdings

CITIC Capital Holdings investment in Series B - AAG Energy Holdings

Official Site Inspections

http://www.aagenergy.com Semrush global rank: 8.07 M Semrush visits lastest month: 379

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