[Shouhua Gas] Action Plan for Increasing Reserves and Production of Coalbed Methane in Eastern Hubei Issued; Focus on Deep Coalbed Methane!

English summary

Event: The National Energy Administration issued the Action Plan for Increasing Reserves and Production of Coalbed Methane in Eastern Hubei (2026-2030). Policy has shifted from principle support to clear targets, blocks, and implementation paths. Eastern Hubei coalbed methane is expected to accelerate into the stage of large-scale reserve enhancement and production increase. # The Daji block owned by Shouhua Gas is a continuous expansion area. [# Gas Volume Target] In 2025, eastern Hubei coalbed methane production is about 6 billion cubic meters +, with a target to add proven geological reserves of over 600 billion cubic meters by 2030, and reach coalbed methane production of 18 billion cubic meters, of which deep coalbed methane is over 16 billion cubic meters, accounting for nearly 90%. [# Resource Reserve Increase Divided into Three Categories] 1. Key reserve enhancement blocks include Mizhi North, Daniudi, Sanjiao North 2. Active reserve enhancement blocks include Linxing West, Linxing East, Suide 3. Potential reserve enhancement blocks include other Changqing, Huangfu, Fuxian, respectively undertaking tasks of accelerating proven reserves, rolling expansion, and exploration breakthroughs. [# Capacity Construction Divided into Three Categories] 1. Continuous expansion blocks include Daning-Jixian, Mizhi North, Shenfu 2. Successive production blocks include Sanjiao North, Linxing West, Anhe-Nanhegou 3.…