Source: Pelham Bell Pottinger Depressed valuation represents buying opportunity Take advantage of 49% six-month slump in Chinese coal bed methane (CBM) play Green Dragon Gas (GDG). Buy ahead of incremental catalysts as it builds towards an annualized production target of 18 billion cubic feet (bcf) by the middle of 2015. Although the company’s CBM production [...]
Read moreSources: Dow Jones Newswire dated 8 November 2012 LONDON–Green Dragon Gas Ltd. (GDG.LN), a China-focused gas producer and distributor, Thursday announced annualized gas production of 1.952 billion cubic feet per year, up 16% from the rate at the end of June. MAIN FACTS: The company is targeting year end exit annualized production of about 2.5 [...]
Read moreSource: Proactive Investors on Tue, November 6, 2012 10:23 am by Jamie Nimmo China may be experiencing some growing pains currently, but this will barely dent its demand for new sources of energy, which bodes well for the long-term future of Green Dragon Gas (LON:GDG). To give a sense of the scale of its energy [...]
Read moreThu 12:53 pm by Jamie NimmoPeel Hunt kicked off coverage of the stock with a ‘buy’ rating and US$9.3 target price, more than double the current price of US$4.32 Coal bed methane (CBM) specialist Green Dragon Gas’ (LON:GDG) mid-and downstream operations have “significant growth potential”, according to Peel Hunt. “Rapidly increasing production” from its upstream business – [...]
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Mon 10:55 am by Jamie Nimmo Source: http://www.proactiveinvestors.co.uk/companies/news/47596/greka-drilling-open-to-third-party-talks-47596.html The company currently provides drilling services solely for Green Dragon Gas (LON:GDG) after demerging from the Chinese coal bed methane company last year China-focused Greka Drilling (LON:GDL) today unveiled its intentions to sign third party deals and widen its customer base. The company currently provides drilling services [...]
Read moreProactive Investors by Jamie NimmoThe China-focused company remains hopeful of producing 18 billion cubic feet (Bcf) of gas at the end of the period Coal bed methane specialist Green Dragon Gas (LON:GDG) says it is making substantial progress towards reaching its production goal at the end of its capital expenditure programme. The China-focused company remains [...]
Read moreSource: Dow Jones Newswires LONDON–Green Dragon Gas Ltd. (GDG.LN), a China-focused gas company, said Friday that sales at its existing gas refueling stations increased 58% to 151.1 million cubic feet, year-on-year, for the six months to June 30. MAIN FACTS: -The first half was spent on increasing the drilling activity within the GSS Production Block and [...]
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Rig in place, people in place, Drill on ! This week, Macquarie Equities Research issued a research note on Greka Drilling Limited, rated the company Outperform. Highlight of the Key notes are :- – Drilling activity increased year over year. Greka has drilled 57,997 meters in 1H 12, which is a 119% increase y/y. – [...]
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29 August 2012 | 10:12am StockMarketWire.com – Greka Drilling, (AIM: GDL), the largest independent and specialised unconventional gas driller in China, has expanded its operations. In the first half of the year 57,997 metres were drilled compared with 26,435 metres drilled in the same period in 2011, an increase of 119% year-on-year. All new rigs [...]
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(Reporters: Ding Lei – Jincheng; Gao Lei – Gaoping.) The First World Shanxi Merchants Conference Opened in Taiyuan in the morning of 20th Aug. There were about 1500 Shanxi merchants from China and abroad attended the conference. Zhang Jiuping, secretary of the Jincheng Communist Party Committee, Wang Qingxian, mayor of Jincheng attended the conference. Please [...]
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