Anyone still watching this stock?? I have been in contact with the CFO about the revenue potential of the CNG filling station. Here is her reply. (my original email is posted below her reply):
From: laby wu [labywu@gmail.com]
Sent: Tuesday, June 19, 2007 7:42 PM
To: Mike
Subject: Re: CNG Filling Stations
Hi Mike,
1) Under the assumptions, that the full capacity of one CNG station is 10,000 cubic meters per day( it is an average number from our feasibility analysis) and the sales price is current price (although we estimate that the price will incrase in line with gasoline price increasing) the annual net revenue is about $1.5 million with net income about $300,000 .
2) Our filing stations are built in central and southeast China, which means the economic developed area of China. Now the target province are Hubei province, Anhui province, Henan province, Zhejiang province etc..
3) Our long-term plan is, within these two years, we will build 70 CNG stations and within the 4 years, we wish we can build about 150 CNG stations in those area.
Bests,
LabyWu
CFO
Sinoenergy Corporation
1603-1604, Tower B Fortune Centre Ao City, Beiyuan Road,Chaoyang District,
Beijing China, 100107
Tel: +86-10-84928149
Fax: +86-10-84928665
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2007/6/20, Mike
Ms. Laby Wu,
I am hoping that you can answer some questions that I have concerning your company. My questions are specifically related to the new CNG filling stations:
1.) What are the estimated revenues expected to be generated from one CNG filling station?
2.) What region of China are these filling stations being built?
3.) I see that your company has set a goal of 30 CNG filling stations to be constructed by the end of 2007, are there plans to build additional filling stations in '08 or '09? And if so how many approximately?
Thank you for your time,
Mike
