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Hub You - Part Two: Will China’s Coalbed Methane Projects Make a New Energy Billionaire?
When it comes to earning a living online, those who have discovered eBay are among the most successful. With no monthly rent, utilities and other expenses that are often associated with a physical storefront, eBay offers entrepreneurs a way to reach millions of buyers with very little overhead. Below are five ways to maximize your online presence, along with your profits.Know your market. Before you begin any business venture, do your homework. Research products, compare recent selling prices and assess your competition. You will often find that the most successful businesses, both online and otherwise, are those that offer unique products at a reasonable price.Start low. By starting your auction at a low opening bid, you may attract the attention of more bidders. The reason is because everyone loves a bargain, and they stand a better chance of getting one with a low starting price. The idea is to get as much involvement in your auction as possible and hope for a last-minute bidding bout between those whose interest you have snagged.Think like a buyer. If you were looking for a specific item, what p
Conclusion
By 2020, China hopes CBM can provide up to 10 percent of the country’s gas production. CUCBM will continue to lead China’s coalbed methane development. But, others who are currently developing their production-sharing contracts could also become strong methane gas suppliers in China.
Europeans appear to appreciate CBM in China more so than North American funds. A great deal of western hemisphere funding is earmarked for western Canada’s CBM exploration and development. Bloated gas storage numbers hit the CBM stocks very hard this past June and caused the sector to disappoint investors.
While CBM companies developing their projects in Alberta or elsewhere in Canada may have to
I have written articles about website promotion in the past, however things on the internet are always changing and my opinions have now changed. This article is all about my new website promotion ideas, ideas which I use on my all of websites.A good linking campaign is the main priority. Attempting to increase the number of backward links you have pointing to your website is essential. However you have to be careful. Here is a list of do's and do not's.Do:Increase the number of backward links pointing to your website slowlyObtain backward links from within the same industry/market as your ownBuild up the number of one-way links your website has pointing to itWrite articles and submit them to article directoriesAdd your website domain on all of your adverts, documentation and e-mailsOffer the visitors to your site the chance to sign up to a monthly newsletterOffer the visitors to your site a free e-bookWrite press releasesDo not:Join a link building website to automate your linking requirements. These are tempting to join however are frowned upon by the searc
While Green Dragon Gas is blessed with early production-sharing contracts it negotiated through Greka Energy, and those offer the hope of several trillion cubic feet of coalbed methane gas, there could be serious obstacles in extracting the methane gas. In a May 2006 research report, the underwriters warned GDG “faces a combination of undersaturation, low permeability and low coal seam thickness that makes much of this resource challenging to commercialise.” Any versed CBM investor would look the other way after reading this string of hurdles GDG must overcome to commercially produce the methane gas.
Despite this bleak assessment, Smith & Williamson endorsed and backed Green Dragon Gas. Research analyst James Elston wrote, “However, innovation by Green Dragon and its world class Chinese contractors should allow significant upgrades in recoverable reserves through time especially with rising gas prices.” That’s the blue sky aspect of Green Dragon – making an uneconomic, but very large, project bear fruit. Because the coals are undersaturated and because there is low permeability, conventional wells would bring low productivity of methane gas.
A big vote of confidence, and which resulted in our writing about this company, came after noticing two big names which appear on the company’s board of directors: John Turnbull and Stewart John. Formerly the Chairman of the Swire Group and Cathay Pacific airlines, Turnbull was once a Hong Kong “Taipan.” Stewart John has been awarded Order of the British Empire (OBE) and had been part of the Turnbull executive team at Hong Aircraft Engineering Company and Cathay Pacific. Mr. John has also been a non-executive director of British Aerospace and Rolls Royce.
A glance at the GDG technical team shows strength. Not only are all the senior technicians Chinese, but they are proven engineers, drillers or geologists with ties to the oil, gas and/or coal sectors. The chief engineer, Zuo Kefeng, has 23 years of drilling experience with vertical, horizontal and multi wells. The chief geologist has 20 years of CBM experience at the coal bureau level. Operations manager Mel Lone has been chief representative and general manager for Greka Energy in China since 2001. Ostensibly, Grewal recruited the cr?me de la cr?me.
Of the five production-sharing contracts, which comprise more than 1.6 million acres, some parts of their concessions may be sub-economic. Smith & Williamson created a base scenario between 592 and 1,000 bcf net, which would corroborate their valuation of the company of just under $1 billion. The research analyst voiced, “Further successful appraisal and testing together with greater optimization of development techniques could make increasing amounts of this vast in-place reserve economically developable.” We would hope so.
The brokerage firm’s valuation was reached on the basis of between three and six percent of the GDG’s touted gas-in-place. Why is that? Of the five concessions, the most advanced block is Shizhuang South. The research analyst reported the “appraisal of the other licenses (are) being relatively immature.” Shizhuang South is currently producing about 265 mcf per day from pilot wells which feed into a gas-fired electricity generator. The current estimated recoverable reserves from this block stand at 417 bcf (gross), which comprises most of the brokerage firm’s valuation of Green Dragon.
It is anticipated by late 2006 or in early 2007, Green Dragon will have gotten approval an overall development plan to commence full scale development. Further exploration and development may potentially show a larger number Spud in ceremonies were held for single wells on the Quinyan and Fengcheng blocks during July so additional exploration and development activity may help boost the recoverable reserve number and, in turn, the company’s valuation.
Two Key CBM Competitors in China
Partially surrounding one of GDG’s Shizhuang properties is a much larger block held by Far East Energy. Partnered with ConocoPhillips, Far East Energy’s share could reach up to 6.9 tcf. Exploratory drilling on the company’s Shanxi project is reportedly advanced, but requires a production test. As with GDG, Far East Energy has a massive one million plus block. According to the Yunnan Provincial Coal Bureau, there are four coalbed seams averaging nine feet in thickness. The total coalbed thickness is 60 feet. While recoverable reserves for GDG range between 16 and 28 percent, according to the research analyst reporting on Green Dragon, Far East Energy notes on their website that a recovery of 50 to 65 percent is possible. Previous tests have shown an economic gas content of 200 to 500 cu ft gas per ton of coal.
Far East also boasts the company could have one of the largest CBM projects in the world during full development. The company believes the Shanxi project could sustain an estimated 3,000 horizontal gas wells. Investors should note that unlike the “drill and forget” development of conventional natural gas reserves, where one or two wells can recover 30 bcf of gas, CBM is different. Hundreds of wells may be required to horizontally extract coalbed methane gas. While drilling and casing the wells cost less, maintenance and operations cost more. CBM production can extend for a longer period, sometimes over a number of decades to deplete the reservoir.
Another key competitor, and potentially a partner to other CBM companies in China, including coal companies who are also producing methane gas, is Pacific Asia China Energy (PACE). As with Green Dragon and Far East Energy, PACE has a very large property position with an estimated gas in place of up to 11.2 trillion cubic feet. PACE holds two licenses, the same number as Far East Energy. Exploration drilling to confirm China’s coal bureau data is ongoing.
PACE hopes to commence a pilot production project in late 2006 should current drilling confirm an independent technical report, which was prepared by Sproule International. News releases updating the company’s progress indicate good permeability and thickness in coal seams. News over a month ago reported the company’s drilling confirmed the “most likely case scenario” for the Guizhou project of 5.2 trillion tcf.
However, what will probably create a strong momentum for PACE is its joint venture with Mitchell Drilling Services of Australia. Both Green Dragon Gas and Far East Energy are likely to require something on the order of this joint venture’s proprietary Dymaxion® drilling technology to increase recoverability. While PACE has the smaller acreage and the lower gas-in-place of this trio of CBM companies, the company holds a strong edge: PACE may be capable of extracting a larger amount of gas more economically. In a previous interview with Nathan Mitchell, head of the drilling company, he was confident he could extract CBM gas at a cost which might transform even the most uneconomic projects into a commercially viable one. According to previous interviews with Mitchell and Steve Khan, executive vice president of PACE, the first Dymaxion® drill rig should arrive in China later this year.
Conclusion
By 2020, China hopes CBM can provide up to 10 percent of the country’s gas production. CUCBM will continue to lead China’s coalbed methane development. But, others who are currently developing their production-sharing contracts could also become strong methane gas suppliers in China.
Europeans appear to appreciate CBM in China more so than North American funds. A great deal of western hemisphere funding is earmarked for western Canada’s CBM exploration and development. Bloated gas storage numbers hit the CBM stocks very hard this past June and caused the sector to disappoint investors.
While CBM companies developing their projects in Alberta or elsewhere in Canada may have to
I was reminded of this story by Trish, a former colleague. I hadn’t forgotten, because it was the catalyst for a new career advancement strategy I developed. In my various human resource roles I always advise my clients to consider a range of self promotion strategies to advance their career. As a result of the case study below, I developed a new strategy to take the initiative to keep their own company employee file updated by ensuring the Human Resource Department received and recorded in their employee file a pr?cis of any new skills, qualifications or experience they had gained. This is important if they don’t want to be overlooked for promotion, considered for special projects, receive appropriate remuneration, receive a good and accurate reference, and as we will see in this “real" case study, to keep a job.Case studyJill completed a degree over an 8 year period. She graduated with a double major in commerce and information technology. However, she is a very private person and no one in her company knew she was studying. After graduation Jill stayed in the same job where her skills were not utilised, although she did appl
A glance at the GDG technical team shows strength. Not only are all the senior technicians Chinese, but they are proven engineers, drillers or geologists with ties to the oil, gas and/or coal sectors. The chief engineer, Zuo Kefeng, has 23 years of drilling experience with vertical, horizontal and multi wells. The chief geologist has 20 years of CBM experience at the coal bureau level. Operations manager Mel Lone has been chief representative and general manager for Greka Energy in China since 2001. Ostensibly, Grewal recruited the cr?me de la cr?me.
Of the five production-sharing contracts, which comprise more than 1.6 million acres, some parts of their concessions may be sub-economic. Smith & Williamson created a base scenario between 592 and 1,000 bcf net, which would corroborate their valuation of the company of just under $1 billion. The research analyst voiced, “Further successful appraisal and testing together with greater optimization of development techniques could make increasing amounts of this vast in-place reserve economically developable.” We would hope so.
The brokerage firm’s valuation was reached on the basis of between three and six percent of the GDG’s touted gas-in-place. Why is that? Of the five concessions, the most advanced block is Shizhuang South. The research analyst reported the “appraisal of the other licenses (are) being relatively immature.” Shizhuang South is currently producing about 265 mcf per day from pilot wells which feed into a gas-fired electricity generator. The current estimated recoverable reserves from this block stand at 417 bcf (gross), which comprises most of the brokerage firm’s valuation of Green Dragon.
It is anticipated by late 2006 or in early 2007, Green Dragon will have gotten approval an overall development plan to commence full scale development. Further exploration and development may potentially show a larger number Spud in ceremonies were held for single wells on the Quinyan and Fengcheng blocks during July so additional exploration and development activity may help boost the recoverable reserve number and, in turn, the company’s valuation.
Two Key CBM Competitors in China
Partially surrounding one of GDG’s Shizhuang properties is a much larger block held by Far East Energy. Partnered with ConocoPhillips, Far East Energy’s share could reach up to 6.9 tcf. Exploratory drilling on the company’s Shanxi project is reportedly advanced, but requires a production test. As with GDG, Far East Energy has a massive one million plus block. According to the Yunnan Provincial Coal Bureau, there are four coalbed seams averaging nine feet in thickness. The total coalbed thickness is 60 feet. While recoverable reserves for GDG range between 16 and 28 percent, according to the research analyst reporting on Green Dragon, Far East Energy notes on their website that a recovery of 50 to 65 percent is possible. Previous tests have shown an economic gas content of 200 to 500 cu ft gas per ton of coal.
Far East also boasts the company could have one of the largest CBM projects in the world during full development. The company believes the Shanxi project could sustain an estimated 3,000 horizontal gas wells. Investors should note that unlike the “drill and forget” development of conventional natural gas reserves, where one or two wells can recover 30 bcf of gas, CBM is different. Hundreds of wells may be required to horizontally extract coalbed methane gas. While drilling and casing the wells cost less, maintenance and operations cost more. CBM production can extend for a longer period, sometimes over a number of decades to deplete the reservoir.
Another key competitor, and potentially a partner to other CBM companies in China, including coal companies who are also producing methane gas, is Pacific Asia China Energy (PACE). As with Green Dragon and Far East Energy, PACE has a very large property position with an estimated gas in place of up to 11.2 trillion cubic feet. PACE holds two licenses, the same number as Far East Energy. Exploration drilling to confirm China’s coal bureau data is ongoing.
PACE hopes to commence a pilot production project in late 2006 should current drilling confirm an independent technical report, which was prepared by Sproule International. News releases updating the company’s progress indicate good permeability and thickness in coal seams. News over a month ago reported the company’s drilling confirmed the “most likely case scenario” for the Guizhou project of 5.2 trillion tcf.
However, what will probably create a strong momentum for PACE is its joint venture with Mitchell Drilling Services of Australia. Both Green Dragon Gas and Far East Energy are likely to require something on the order of this joint venture’s proprietary Dymaxion® drilling technology to increase recoverability. While PACE has the smaller acreage and the lower gas-in-place of this trio of CBM companies, the company holds a strong edge: PACE may be capable of extracting a larger amount of gas more economically. In a previous interview with Nathan Mitchell, head of the drilling company, he was confident he could extract CBM gas at a cost which might transform even the most uneconomic projects into a commercially viable one. According to previous interviews with Mitchell and Steve Khan, executive vice president of PACE, the first Dymaxion® drill rig should arrive in China later this year.
Conclusion
By 2020, China hopes CBM can provide up to 10 percent of the country’s gas production. CUCBM will continue to lead China’s coalbed methane development. But, others who are currently developing their production-sharing contracts could also become strong methane gas suppliers in China.
Europeans appear to appreciate CBM in China more so than North American funds. A great deal of western hemisphere funding is earmarked for western Canada’s CBM exploration and development. Bloated gas storage numbers hit the CBM stocks very hard this past June and caused the sector to disappoint investors.
While CBM companies developing their projects in Alberta or elsewhere in Canada may have to
Web traffic is critical to your online success. Without web traffic you will flounder and die online. With web traffic you have a chance. Even with web traffic you must consistently test and track everything that you do and drop the losers and bump up the effort on the winners.To achieve the highest levels of web traffic, you must be willing to take massive action. Massive action is the action of taking action to the fullest level, willing yourself to take 10x the action any other normal marketer would take. Do you want to be normal, to be average? If so, you might as well go back to the TV and pick up a bag of potato chips. You see, the average person online FAILS!You must become above average or die online.So, how to generate massive traffic with forums?1) Find 20 forums in your online niche. For example, if you sell car parts online, type in “car parts forums” into your favorite search engine.2) Join all 20 forums3) Create a signature file that has your name and email or URL. Do not put a sales message--just your info.4) Go into the introductions section of the forum and intr
It is anticipated by late 2006 or in early 2007, Green Dragon will have gotten approval an overall development plan to commence full scale development. Further exploration and development may potentially show a larger number Spud in ceremonies were held for single wells on the Quinyan and Fengcheng blocks during July so additional exploration and development activity may help boost the recoverable reserve number and, in turn, the company’s valuation.
Two Key CBM Competitors in China
Partially surrounding one of GDG’s Shizhuang properties is a much larger block held by Far East Energy. Partnered with ConocoPhillips, Far East Energy’s share could reach up to 6.9 tcf. Exploratory drilling on the company’s Shanxi project is reportedly advanced, but requires a production test. As with GDG, Far East Energy has a massive one million plus block. According to the Yunnan Provincial Coal Bureau, there are four coalbed seams averaging nine feet in thickness. The total coalbed thickness is 60 feet. While recoverable reserves for GDG range between 16 and 28 percent, according to the research analyst reporting on Green Dragon, Far East Energy notes on their website that a recovery of 50 to 65 percent is possible. Previous tests have shown an economic gas content of 200 to 500 cu ft gas per ton of coal.
Far East also boasts the company could have one of the largest CBM projects in the world during full development. The company believes the Shanxi project could sustain an estimated 3,000 horizontal gas wells. Investors should note that unlike the “drill and forget” development of conventional natural gas reserves, where one or two wells can recover 30 bcf of gas, CBM is different. Hundreds of wells may be required to horizontally extract coalbed methane gas. While drilling and casing the wells cost less, maintenance and operations cost more. CBM production can extend for a longer period, sometimes over a number of decades to deplete the reservoir.
Another key competitor, and potentially a partner to other CBM companies in China, including coal companies who are also producing methane gas, is Pacific Asia China Energy (PACE). As with Green Dragon and Far East Energy, PACE has a very large property position with an estimated gas in place of up to 11.2 trillion cubic feet. PACE holds two licenses, the same number as Far East Energy. Exploration drilling to confirm China’s coal bureau data is ongoing.
PACE hopes to commence a pilot production project in late 2006 should current drilling confirm an independent technical report, which was prepared by Sproule International. News releases updating the company’s progress indicate good permeability and thickness in coal seams. News over a month ago reported the company’s drilling confirmed the “most likely case scenario” for the Guizhou project of 5.2 trillion tcf.
However, what will probably create a strong momentum for PACE is its joint venture with Mitchell Drilling Services of Australia. Both Green Dragon Gas and Far East Energy are likely to require something on the order of this joint venture’s proprietary Dymaxion® drilling technology to increase recoverability. While PACE has the smaller acreage and the lower gas-in-place of this trio of CBM companies, the company holds a strong edge: PACE may be capable of extracting a larger amount of gas more economically. In a previous interview with Nathan Mitchell, head of the drilling company, he was confident he could extract CBM gas at a cost which might transform even the most uneconomic projects into a commercially viable one. According to previous interviews with Mitchell and Steve Khan, executive vice president of PACE, the first Dymaxion® drill rig should arrive in China later this year.
Conclusion
By 2020, China hopes CBM can provide up to 10 percent of the country’s gas production. CUCBM will continue to lead China’s coalbed methane development. But, others who are currently developing their production-sharing contracts could also become strong methane gas suppliers in China.
Europeans appear to appreciate CBM in China more so than North American funds. A great deal of western hemisphere funding is earmarked for western Canada’s CBM exploration and development. Bloated gas storage numbers hit the CBM stocks very hard this past June and caused the sector to disappoint investors.
While CBM companies developing their projects in Alberta or elsewhere in Canada may have to
In 2003 I was accepted by Google into their AdSense program. Without a doubt, it has been a profitable relationship for both parties as they continuously serve up high paying content related ads and we share in the spoils. Still, AdSense does not bring me new customers, but AdWords does. Do AdWords work? Yes they do. Let's take a look at some of the benefits of running a cost effective AdWords campaign.So, what are AdWords? AdWords is a Google product for web advertisers. Ads are written by advertisers who determine how much they will pay for each click [or impression] on their ad, where the ad will run, and for how long. The ads appear on Google's search results, on websites, virtually anywhere a web page can be served. No, they do not appear on adult or hate sites nor do they appear on any site that Google deems to be unacceptable.The cost of running AdWords is fully under the control of advertisers. You can select payouts of anywhere from a nickle to $100. per click and budget the daily amount you want to spend. You can run one ad or multiple ads and have several campaigns running simultaneously. You can also change your ads
Far East also boasts the company could have one of the largest CBM projects in the world during full development. The company believes the Shanxi project could sustain an estimated 3,000 horizontal gas wells. Investors should note that unlike the “drill and forget” development of conventional natural gas reserves, where one or two wells can recover 30 bcf of gas, CBM is different. Hundreds of wells may be required to horizontally extract coalbed methane gas. While drilling and casing the wells cost less, maintenance and operations cost more. CBM production can extend for a longer period, sometimes over a number of decades to deplete the reservoir.
Another key competitor, and potentially a partner to other CBM companies in China, including coal companies who are also producing methane gas, is Pacific Asia China Energy (PACE). As with Green Dragon and Far East Energy, PACE has a very large property position with an estimated gas in place of up to 11.2 trillion cubic feet. PACE holds two licenses, the same number as Far East Energy. Exploration drilling to confirm China’s coal bureau data is ongoing.
PACE hopes to commence a pilot production project in late 2006 should current drilling confirm an independent technical report, which was prepared by Sproule International. News releases updating the company’s progress indicate good permeability and thickness in coal seams. News over a month ago reported the company’s drilling confirmed the “most likely case scenario” for the Guizhou project of 5.2 trillion tcf.
However, what will probably create a strong momentum for PACE is its joint venture with Mitchell Drilling Services of Australia. Both Green Dragon Gas and Far East Energy are likely to require something on the order of this joint venture’s proprietary Dymaxion® drilling technology to increase recoverability. While PACE has the smaller acreage and the lower gas-in-place of this trio of CBM companies, the company holds a strong edge: PACE may be capable of extracting a larger amount of gas more economically. In a previous interview with Nathan Mitchell, head of the drilling company, he was confident he could extract CBM gas at a cost which might transform even the most uneconomic projects into a commercially viable one. According to previous interviews with Mitchell and Steve Khan, executive vice president of PACE, the first Dymaxion® drill rig should arrive in China later this year.
Conclusion
By 2020, China hopes CBM can provide up to 10 percent of the country’s gas production. CUCBM will continue to lead China’s coalbed methane development. But, others who are currently developing their production-sharing contracts could also become strong methane gas suppliers in China.
Europeans appear to appreciate CBM in China more so than North American funds. A great deal of western hemisphere funding is earmarked for western Canada’s CBM exploration and development. Bloated gas storage numbers hit the CBM stocks very hard this past June and caused the sector to disappoint investors.
While CBM companies developing their projects in Alberta or elsewhere in Canada may have to
The Internet is changing ever so fast. Every second there’s hundreds of new websites being born throughout the world. People and companies are growing their Internet-based businesses faster than every before. Our lives have become completely morphed by the software and websites that allow us to communicate with users across the globe. According to recent statistics from blog-tracking site Technorati, the blogosphere has doubled every six months for the last three years. That's 175,000 new blogs per day worldwide.Ok, so you get it, the Internet is expanding and it’s expanding fast. Well how about the idea of a new Internet? An Internet that’s more secure and five times the speed of the current Internet we use today. Is this possible? How could the Internet be replaced by another version of the Internet? If you’re saying, that doesn’t make sense – think again.In research labs throughout China, engineers are busy working on another project that the Chinese government plans to reveal at the 2008 Summer Olympics - China's
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<a href="http://www.iadvice.info/article/103035/iadvice-Part-Two-Will-Chinas-Coalbed-Methane-Projects-Make-a-New-Energy-Billionaire.html">Part Two: Will China’s Coalbed Methane Projects Make a New Energy Billionaire?</a>
BB link (for phorums):
[url=http://www.iadvice.info/article/103035/iadvice-Part-Two-Will-Chinas-Coalbed-Methane-Projects-Make-a-New-Energy-Billionaire.html]Part Two: Will China’s Coalbed Methane Projects Make a New Energy Billionaire?[/url]
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