-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, K5sOzP6J/jj121LQJJbS5rM4T9ttEUpC0/l6dh2X/ecAgQKu07YQH7mPsi6IlFFO DqVtJZyS/vTGoGqQKH8ubw== 0001144204-07-032736.txt : 20070620 0001144204-07-032736.hdr.sgml : 20070620 20070620111215 ACCESSION NUMBER: 0001144204-07-032736 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070618 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070620 DATE AS OF CHANGE: 20070620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sinoenergy CORP CENTRAL INDEX KEY: 0001107563 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL TRUCKS TRACTORS TRAILERS & STACKERS [3537] IRS NUMBER: 841491682 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30017 FILM NUMBER: 07930455 BUSINESS ADDRESS: STREET 1: PO BOX 461029 CITY: GLENDALE STATE: CO ZIP: 80246 BUSINESS PHONE: 3033941187 MAIL ADDRESS: STREET 1: PO BOX 461029 CITY: GLENDALE STATE: CO ZIP: 80246 FORMER COMPANY: FORMER CONFORMED NAME: Sinoenergy DATE OF NAME CHANGE: 20061003 FORMER COMPANY: FORMER CONFORMED NAME: FRANKLYN RESOURCES III INC DATE OF NAME CHANGE: 20000223 8-K 1 v078906_8k.htm
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 18, 2007
 
Sinoenergy Corporation
(Exact name of registrant as specified in its charter)

Nevada
0-30017
84-1491682
(State or other jurisdiction of incorporation)
(Commission File Number)
(I.R.S. Employer Identification No.)

234-5149 Country Hills Blvd. NW; Suite 429, Calgary, Alberta, Canada T3A 5K8
(Address of principal executive offices)

Registrant’s telephone number, including area code:
(832) 274-3766
   
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 
On June 18, 2007, Sinoenergy Corporation issued a press release announcing that its 55% owned subsidiary, Anhui Gather Energy Gas Co., Ltd. (“Anhui Gather”) signed a natural gas sale and purchase agreement with China Petroleum and Chemical Corporation (“Sinopec”) that set forth the general terms on which Sinopec proposes to sell natural gas to Anhui Gather upon completion of a gas pipeline that is under construction. A copy of the press release is filed as Exhibit 99.1. A copy of the English translation to the natural gas sale and purchase agreement is filed as Exhibit 99.2.
 
 
Item 9.01  Financial Statements and Exhibits.
 
Exhibits
 
99.1
Press Release issued June 18, 2007.
 
99.2
English translation of Natural Gas Sale and Purchase Agreement dated June 7, 2007, between China Petroleum and Chemical Corporation Natural Gas Branch and Anhui Gather Energy Gas Co., Ltd.
 
 

SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
     
 
  SINOENERGY CORPORATION
 
 
 
 
 (Registrant)
Date: June 20, 2007   /s/ Qiong (Laby) Wu    
 
Qiong (Laby) Wu, Chief Financial Officer
   
 
 

 

 
EX-99.1 2 v078906_ex99-1.htm
Exhibit 99.1
 
Sinoenergy Signs Agreement with Sinopec
 
QINGDAO, China, June 18 /Xinhua-PRNewswire-FirstCall/ -- Sinoenergy Corporation (OTC Bulletin Board: SNEN), ("Sinoenergy" or the "Company"), a major manufacturer of compressed natural gas (CNG) filling station equipment and car/bus conversion kits in China, as well as an emerging developer and operator of natural gas filling stations in China, announced today that it has signed a natural gas sale and purchase agreement between the Company’s 55% subsidiary, Anhui Gather Energy Gas Co., Ltd. and with China Petroleum and Chemical Corporation (“Sinopec”) (NYSE: SHI), to replace the former letter of intent signed on May 21, 2007.
 
The agreement sets forth Sinopec’s intention of providing Anhui Gather an initial annual volume of 50 million cubic meters per year increasing to not more than 200 cubic meters per year. The actual sales volume for every year as well as the sales price is subject to annual natural gas purchase agreements. Sinopec is to begin supplying Anhui Gather Energy once the Sichuan-Shanghai natural gas pipeline is operational, which is expected to occur in the first half of 2009.
 
In the interim, Sinoenergy will supply its 30 CNG filling stations under its existing quota agreement with PetroChina and some other CNG whole sellers for up to 100 million cubic meters of natural gas per year.
 
“We believe that our agreement with Sinopec will provide us with an abundant and long-term natural gas quota to support our efforts to win market share in the wholesale and retail markets in Central and Eastern China,” said Mr. Deng Tianzhou, Chairman of Sinoenergy. “As our new filling stations come online, the CNG wholesale and retail business will gradually become the major driver behind Sinoenergy’s revenue growth and promote the growth of our other business segments.”
 
Sinoenergy is currently in a growth campaign, which involves the construction and operation of 30 new CNG filling stations. Construction is currently underway at 6 stations, with 10 filling stations in the design phase and the remaining 14 stations in the early preparation stage. The Company expects to open the first batch filling stations in August 2007, with the remainder up by the end of 2007.
 
About Sinoenergy: Sinoenergy is a manufacturer of compressed natural gas (CNG) vehicle equipment and gas station equipment as well as a designer, developer and builder of CNG stations in China. In addition to its CNG related products, the Company also manufactures a wide variety of pressure containers for use in different industries, including the design and manufacture of various types of pressure containers in the petroleum and chemical industries, the metallurgy and electricity generation industries and the food and brewery industries.
 
 Safe Harbor Statement
 
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s ability to raise additional capital to finance the Company’s activities; the projected completion of the Sichuan-Shanghai pipeline; the effectiveness, profitability, and the marketability of its products; legal and regulatory risks associated with the share exchange; the future trading of the common stock of the Company; the ability of the Company to operate as a public company; the period of time for which its current liquidity will enable the Company to fund its operations; the Company’s ability to protect its proprietary information; general economic and business conditions; the volatility of the Company’s operating results and financial condition; the Company’s ability to attract or retain qualified senior management personnel and research and development staff; and other risks detailed in the Company’s filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the companies and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward looking statements are reasonable, they cannot assure you that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.
 
 
 

 
For more information, please contact:
 
Sinoenergy Corporation     
Ms. Laby Wu, CFO   
Tel: +86-10-8492-8149
Email: labywu@gmail.com
 
CCG Elite Investor Relations Inc. 
Mr. Crocker Coulson, President
Tel: +1-646-213-1915 (New York)
Email: crocker.coulson@ccgir.com
 
 
 
 
 

 
EX-99.2 3 v078906_ex99-2.htm
Exhibit 99.2
 
China Petroleum and Chemical Corporation Natural Gas Branch
Anhui Gather Energy Gas Co., Ltd.
 
Natural Gas Sale and Purchase Agreement
 
With respect that China Petroleum and Chemical Corporation (SINOPEC) will start to construct natural gas pipeline of the “Deliver the Natural Gas in Sichuan to East Part” project, whose trunk line is from the initial station of Puguang Gas Field in Xuanhan County, Sichuan Province to the final station in Shanghai through Chongqing City (Liangping and Zhongxian, etc.), Hubei Province (Enshi, Yichang, Wuhan, Huangshi and Huangmei, etc.), Anhui Province (Anqing, Chizhou and Xuancheng, etc.), Zhejiang Province (Huzhou and Jiaxing, etc.) and Jiangsu Province. The length of the trunk line is about 1,702km, the diameter is 1,016mm, the designed capacity is 12 billion m3/year, and the designed pressure is 10MPa. It is planned to be completed in December 2008;
 
With respect that as a natural gas seller authorized by Municipal Government of Xuancheng City, Anhui Province, Anhui Gather Energy Gas Co., Ltd. has had certain quantity of customers, and it will have the conditions to receive the natural gas delivered through the pipeline in 2009.
 
Upon the principle of equal, voluntary, fair, legal and honest and friendly consultation, the both parties come to the sale and purchase intention of the natural gas delivered through the pipeline.
 
1. Starting Date
 
It is temporarily a random day from January 1, 2009 to June 30, 2009.
 
2. Sales and purchase site or the delivery site
 
(1) According to the sales and purchase agreement, the sales and purchase site is in the delivery stations of Huang Mei or Huangshi county of Hubei Province.
 
(2) The ownership and risk of the natural gas being sold will be transferred to purchaser from the deliverer or seller at the delivery site, which means the risky and ownership of the natural gas is belong to seller before the delivery site, and after the delivery site, the risk and ownership will be owned by purchaser.
 
 
2. Volume of Gas
 
From the starting date, the volume of the initial period is 50 million m3/year, and with yearly increment, the final volume should not exceed 200 million m3/year. The details for the sales volume will be defined in the annual natural gas sales and purchase agreement.
 
 
 

 
3. Price
 
According to economic appraisal on feasibility research stage, the average price of each substation along the pipeline should not be lower than CNY 1.60/m3 (including storage expenses), and such price should be adjusted according to relevant state policies, which should be confirmed in the annual Natural Gas Sale and Purchase Contract.
 
4. Quality
 
The natural gas should comply with the Class II Natural Gas regulated by the State Standard of Natural Gas (GB17820-1999) of the People’s Republic of China.
 
5. Others
 
5.1 This intention agreement is in four original copies, and each party shall keep two of them.
 
5.2 The supplementary agreement if any signed by the two sides would be equally effective with this agreement.
 
China Petroleum and Chemical Corporation Natural Gas Branch (Sealed)
Authorized Representative:
/s/ Wu Canqi
General Manager of China Petroleum and Chemical Corporation Natural Gas Branch
Date: June 7, 2007

Anhui Gather Energy Gas Co., Ltd. (Sealed)
Authorized Representative: /s/ Wang Zhenhong
Chairman of
Date: June 7, 2007
 

 
 

 
 
 

 
-----END PRIVACY-ENHANCED MESSAGE-----