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Moomoo > Quotes > 02686 AAG ENERGY > Company Profile
02686 AAG ENERGY
1.520
+0.040+2.70%
Symbol
02686
Company Name
AAG ENERGY
ISIN
KYG000371040
Listing Date
06/23/2015
Establishment Date
12/23/2014
Registration
Cayman Islands
Chairman
Zaiyuan Ming
Secretary
Mingjing\suxiaohang Zhao
Audit Institution
PricewaterhouseCoopers
Company Category
Overseas registration of Mainland Individuals control
Registered Office
P.O. Box 31119Grand PavilionHibiscus Way802 West Bay RoadGrand Cayman KY1-1205Cayman Islands
Head Office and Principal Place of Business
Room 2506, 25 / F, COSCO Building, 183 Queen's Road Central, Sheung Wan, Hong Kong
Fiscal Year Ends
12-31
Employees
503
Market
Hong Kong motherboard
Phone
+86 10 6590 0988
Email
anatole.pang@aagenergy.com
Business
Yamei Energy holding Co., Ltd. is mainly engaged in the exploration, development and production of coalbed methane in the people's Republic of China (China). The company operates through two business units: Panzhuang Block and Mabi Block. The company's subsidiaries include AAG Energy (China) Limited and SAEI.
Profile
Yamei Energy Holdings Limited ("Yamei Energy" or "the Company", together with its subsidiaries, collectively referred to as the "Group") is a leading international energy company in the exploration and development of coalbed methane in China. Committed to the development and value optimization of unconventional natural gas resources to provide clean energy for China's economic development. Panzhuang and Mabi blocks, the main operating assets of Yamei Energy, are located in the southwest of Qinshui Basin, Shanxi Province, and their proven coalbed methane reserves rank first among all basins in China. Panzhuang Block, which is the first Sino-foreign cooperative CBM block to enter into full commercial development and production in China, is the first Sino-foreign cooperative CBM block in China to enter into full commercial development and production, and is also the most commercialized Sino-foreign cooperative CBM asset in China. Panzhuang Block has created a record of annual coalbed methane production exceeding 1 billion square meters in 2020 with an operating area of only 63 square kilometers. The overall development plan of the coalbed methane foreign cooperation project in Southern Mabi District ("ODP"), which is jointly carried out by Yamei Energy and Petrochina Natural Gas Group Co., Ltd. ("Petrochina"), was approved by the National Development and Reform Commission (NDRC) of the people's Republic of China in September 2018, with an annual design capacity of 1 billion cubic meters for commercial development. Through continuous improvement of resource evaluation methods and innovation of engineering technology, the Group has formed a sound main engineering and technical system, and is now speeding up the construction of coalbed methane production capacity and will contribute more production in the future. In addition to the existing Panzhuang and Mabi blocks, the Group is committed to building its own core competitiveness, constantly exploring and innovating in management, technology and business model, and actively building an ecological chain of the natural gas industry. With its successful experience in the commercialization of coalbed methane and its excellent management team, with the promotion of the commercialization process of Mabi District, the company will continue to contribute more clean energy to the society and bring better returns to investors.
Company Overview
Yamei Energy holding Co., Ltd. is mainly engaged in the exploration, development and production of coalbed methane in the people's Republic of China (China). The company operates through two business units: Panzhuang Block and Mabi Block. The company's subsidiaries include AAG Energy (China) Limited and SAEI.
CEO: Zaiyuan Ming
Market: Hong Kong motherboard
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