Green Dragon Gas signs 10 year offtake deal with Sinopec affiliate

Oilbarrel by Amy McLellan                  Chairman Randeep S Grewal Last week Green Dragon Gas Ltd made its debut on the Main Market in London, eight years after its admission to AIM. This week the Hong Kong-based company, which focuses on coal bed methane production in China, announced another [...]

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Signing of Offtake Agreement with Sinopec Affiliate

Green Dragon Gas Ltd (“Green Dragon” or “the Company”)     Green Dragon Gas (LSE:GDG), China’s largest independent coal bed methane (“CBM”) gas company, is pleased to announce that the Company’s wholly owned subsidiary Zhengzhou Greka Gas Co. has signed a 10-year offtake agreement (the “Agreement”) with Shanxi Guohua Energy Company Limited (“Shanxi Guohua”), a [...]

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Green Dragon Gas shares begin life on London’s main board

  Proactive Investors By Giles Gwinnett        The coal bed methane specialist noted it was not raising any funds or issuing any new equity in association with the listingThe coal bed methane specialist noted it was not raising any funds or issuing any new equity in association with the listing Shares in Green Dragon Gas [...]

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First Day of Dealings on the Main Market of the London Stock Exchange

GREEN DRAGON GAS LTD.    Further to previous announcements, Green Dragon Gas (“the Company”) announces that its ordinary shares will today be admitted, with a standard listing, to the Official List of the United Kingdom Listing Authority and to trading on the London Stock Exchange plc’s main market for listed securities (“Main Market”) (together “Admission”). [...]

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Publication of Prospectus and Reserves Update

GREEN DRAGON GAS LTD (“Green Dragon” or the “Company”) Publication of Prospectus and Further re Admission to Official List Updated Reserves and Resources   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, further to the announcement on [...]

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Green Dragon Gas Prospectus

Green Dragon Gas publishes Prospectus ahead of Main Market listing on 27 October.  The full Prospectus is available on the company website    

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Green Dragon Gas has potential to double up in China


Proactive Investors   By Giles Gwinnett          China–based unconventional gas group Green Dragon Gas (LON:GDG) is worth 952p per share, suggests City broker Cantor, which recently started analysing the company.   That’s a pretty punchy number  compared with the current share price at 510p.   Green Dragon has developed its own method to extract CBM [...]

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Essar starts Indian CBM campaign


      By Bianca Bartucciotto India’s Essar Oil has spudded the first in a 100-well drilling programme at its Raniganj East coal bed methane block in West Bengal, India.   The campaign could see production from the block increase to 42 million cubic feet per day of gas by March 2015.   Current output [...]

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Greka Drilling Half Year Loss Widens; Expects Busier Second Half

  By Razak Musah Baba   Greka Drilling Ltd (GDL.LN) Wednesday posted a widened loss during the half year-end, adding that whilst mobilization orders have been slower than anticipated, it now expect a busier second half of the year.   The independent and specialized unconventional gas driller in China, reported pretax loss of $4.3 million [...]

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