新天然气(603393) - 新疆鑫泰天然气股份有限公司投资者关系活动记录表

Group 1: Regulatory Environment - In 2016, the Ministry of Land and Resources delegated coalbed methane (CBM) mining approval rights to Shanxi Province, allowing for a unified approval process for mining rights [1] - In 2020, a pilot program was initiated to integrate mining rights for "three gases" (coalbed methane, natural gas, and oil) under a single entity in Shanxi, promoting a more efficient exploration and extraction process [1] Group 2: Production and Performance - As of the end of 2022, the company achieved an annual production of 1.467 billion cubic meters from two blocks, with a production of 1.230 billion cubic meters by the end of Q3 2023 [2] - Daily production currently exceeds 5.2 million cubic meters, with the Panzhuang block contributing approximately 3.2 million cubic meters and the Mabi block around 2 million cubic meters [2] - The Panzhuang block has shown consistent annual production growth since 2011, surpassing the designed capacity with a total output exceeding 1 billion cubic meters in 2021 [2] Group 3: Cost Structure - The direct extraction cost per cubic meter for the Panzhuang block in 2022 was approximately CNY 0.22 (excluding depreciation) and CNY 0.61 (including depreciation) [3] - For the Mabi block, the direct extraction cost was about CNY 0.34 (excluding depreciation) and CNY 1.18 (including depreciation) in 2022 [3] - In the first half of 2023, the operating cost for the Panzhuang block was around CNY 0.63 per cubic meter [3] Group 4: Resource Management - The remaining recoverable reserves in the Panzhuang block are estimated to support production for 3.77 to 5.08 years, aligning with the contract expiration in March 2028 [2] - The company is focused on optimizing well types and enhancing geological research to maximize resource development and economic efficiency [2] Group 5: Strategic Developments - The company successfully acquired an LNG plant in the second half of 2023, enhancing its full industry chain strategy from resource extraction to market delivery [4] - The LNG plant will primarily utilize self-sourced gas, with additional sources available to ensure supply stability [4]