Greka Drilling Signs New Contract with Guangdong Bureau of Coal Geology

  Greka Drilling Signs New Contract with Guangdong Bureau of Coal Geology By Razak Musah Baba 09 April 2014   Greka Drilling Ltd (GDL.LN), an independent and specialized unconventional oil & gas driller in China, said Wednesday it has signed a new contract with Guangdong Bureau of Coal Geology (GBCG) for Greka Drilling’s proven drilling [...]

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Greka Drilling wins 30-well CBM deal

                Greka Drilling wins 30-well CBM deal By Bill Lehane 09 April 2014   London-listed Greka Drilling is to drill 30 coal-bed methane wells for Chinese state company Guangdong Bureau of Coal Geology in north-east China’s Jilin province.   Greka Drilling chief executive Randeep Grewal said that the [...]

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Green Dragon production surges ahead

Unconventional gas supplier Green Dragon Gas (LON:GDG) has seen production surge due largely to the activities of third party drillers on its acreage in China.   Total gas production for 2013 including third parties was 7.19 billion cubic feet (Bcf), a 304% increase over 2012′s 1.78 Bcf. The company had already indicated its 5 Bcf [...]

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Green Dragon Gas confident on growing output sixfold this year

21 January 2014 Green Dragon Gas, a China-based gas firm, forecast on Tuesday that production would grow sixfold by the end of this year and said it was confident of funding the drilling needed to reach its long-standing output target.   China-focused Green Dragon produces and sells gas it extracts from coal seams, a resource [...]

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Green Dragon Gas could raise up to US$100mln through convertible bond

By Jamie Nimmo 16 December 2013 Chinese coal bed methane group Green Dragon Gas (LON:GDG) has launched a convertible bond facility of up to US$100mln, with the funds earmarked for its 2014 drilling plan. The first chunk of US$35mln has been fully subscribed for by GIC Private Limited and future issues of the bond will [...]

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Green Dragon Gas: US$35 million convertible bond at US$6.06 a 33% premium

16 December 2013 Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that it has launched a convertible bond (“the Bond”) facility of up to US$100 million. The first tranche of US$35 million has been fully subscribed [...]

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Green Dragon Gas Launches $100M Convertible Bond

By Ian Walker 16 December 2013 LONDON–Green Dragon Gas Ltd. (GDG.LN), which is involved in the production and sale of CBM gas in China, said Monday it has launched a $100 million convertible bond facility which will be uses to launch its 2014 drilling plan, and for working capital. MAIN FACTS: -First tranche of $35 [...]

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