Result of AGM

RNS Number : 9306T

Green Dragon Gas Ltd

23 July 2015

 



23 July 2015

GREEN DRAGON GAS LTD

("Green Dragon" or the "Company")

Results of AGM

Green Dragon Gas Ltd. (LSE: GDG), the leading independent gas producer with operations in China, announces that at its Annual General meeting held today all resolution were duly passed.

Enquiries:

For further information on the Company and its activities, please refer to the website at www.greendragongas.com  or contact:

David Simonson / Anca Spiridon Instinctif Partners - Investor Relations	[phone]
Tom Reid / Luke Spells Citigroup - Corporate Broker	[phone]
Sarah Wharry / Richard Redmayne Cantor Fitzgerald Europe - Corporate Broker	[phone]
Richard Crichton / Ross Allister Peel Hunt - Broker	[phone]

About Green Dragon Gas

Green Dragon Gas is a leading independent gas producer with operations in China and listed on the main market of the London Stock Exchange (LSE: GDG). The Company has 380Bcf of 2P reserves and 2,418Bcf of 3P reserves across eight production blocks covering over 7,566km² of licence area in the Shanxi, Jiangxi, Anhui and Guizhou provinces. It holds six Production Sharing Agreements with strong, highly capitalised Chinese partners including CUCBM (CNOOC), CNPC and PetroChina, and has infrastructure in place to support multiple routes to monetise gas production. Green Dragon Gas is implementing a 150 well drilling programme to deliver an imminent step change in production and cash generation, maximising value from its strategic locations in China's strong growth gas market.

 

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