HONG KONG and BEIJING, July 14, 2016 /PRNewswire/ -- AAG Energy Holdings Limited ("AAG Energy" or the "Group;" stock code: 2686), a leading independent coalbed methane (CBM) producer in China, has announced that the Group has recently been honoured as the Green Leadership category winner at the prestigious Asia Responsible Entrepreneurship Awards for 2016 in Singapore. This accolade is a solid testimony to AAG Energy's dedication to supply clean efficient energy for the support of local economic development in a socially and environmentally responsible way. It also is in recognition of the Group's EHS (environment, health and safety) management excellence while simultaneously assisting with the capacity development in local communities.
Mr. Jeffrey Lobao, Vice President, Southeast Asia of AAG Energy accepts the Green Leadership Prize at the Asia Responsible Entrepreneurship Awards ceremony.
AAG Energy is honoured in winning the Green Leadership Award amid intense competition. This accolade affirms the Group's contribution in implementing the measurable impact of its sound and effective corporate social responsibility (CSR) philosophy benefitting people, the community and the environment. AAG Energy is committed to providing superior rates of return to shareholders' investment while simultaneously shouldering its CSR. It intends to continue working closely with Chinese organizations at all levels to jointly address social, energy, and environmental challenges in order to contribute to economic growth by supplying clean and economically efficient energy and share even greater benefits wherever the Group operates.
The Asia Responsible Entrepreneurship Awards (AREA) is an Asia-Pacific regional program recognizes and honors Asian businesses for championing sustainable and responsible entrepreneurship in the following categories, Social Empowerment, Investment in People, Health Promotion, Green Leadership, SME CSR, and Responsible Business Leadership. More than 300 submissions from 28 countries were received from companies across Asia this year.
About AAG Energy Holdings Limited (stock code: 2686)
AAG Energy is the leading independent coalbed methane (CBM) producer in China, focusing on the development and value optimization of unconventional gas resources to supply clean energy to the Chinese economy. AAG Energy's key assets, Panzhuang and Mabi concessions, are located in the southern Qinshui Basin, which contains the largest amount of proven CBM geological reserves in China. The Panzhuang concession is the most commercially advanced Sino-foreign CBM asset in China and is the first Sino-foreign CBM concession in China to have received overall development plan approval, with designed annual production capacity of 500 million m3. The Mabi concession received preliminary ODP approval in November 2013 and Mabi ODP I has a designed annual commercial capacity of 1 billion m3. The proven ability to commercialize CBM, along with a highly regarded management team has attracted support from leading international and Chinese investors including Warburg Pincus, Baring Private Equity Asia, Chinastone and Ping An. For further details, please visit www.aagenergy.com.