Sino Gas & Energy Holdings Limited
(ASX:SEH) has reported a cash balance of US$59 million in the March 2016 quarter.
The energy company noted average gross production of 6.3 million standard cubic feet per day, alongside a gross revenue of US$3.2 million.
Sino Gas & Energy had a CAPEX spend of US$3.8 million gross in the first quarter.
Managing Director Glenn Corrie said the fundamentals of a growing gas market remain intact, noting strong gas demand growth in the quarter, spurred by a revision to China natural gas prices in November last year.
Sino Gas & Energy recorded a net loss of $17.84 million at 31 December 2015.
