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Jinchai Town and Lidang Town under the jurisdiction of Mashan County are located in Central Guangxi Palaeohigh, where there are very good geological conditions for the form of large and medium gas reservoirs, according to two-dimensional prospecting in the depression of the area carried out by PetroChina Company Limited (SHSE: 601857, SEHK: 0857 and NYSE: PTR | Quote | Chart | News | PowerRating) in 2005.
So far, Central Guangxi Block has been discovered to store 630 million tons of petroleum and 794.6 billion cubic meters of natural gas formed in the Devonian period, and 1.24 billion tons and 441.3 billion cubic meters in the Carboniferous period. BGP's No. 2254 Prospecting Team undertakes the prospecting task with approval from the Ministry of Land and Resources (MLR).
From www.shihua.com.cn, Page 1, Friday, November 07, 2008 info@SinoCast.Com
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