Green Dragon Gas

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Green Dragon Gas
Type Public
Traded as LSE: GDG
Industry Oil and gas industry
Founded 1992 (1992)
Subsidiaries GREKA China Ltd.
Beijing Hauyou
Website www.greendragongas.com

Green Dragon Gas is a coalbed methane projects developer operating in China. It is publicly listed company on the London Stock Exchange traded using the ticker symbol "GDG". The company was incorporated in 1992.

The company owns operational rights pursuant to production sharing contracts with China United Coalbed Methane and Petro-China. In August 2009, its subsidiary Greka China and ConocoPhillips reached an agreement on production sharing Contracts for development of surface-to-inseam wells at Shizhuang South, Shizhuang North and Qinyuan. The agreement was intended to enhance the development scale for the benefit of Greka through ConocoPhillips direct capital investment and provision resource experience.[1][2]

Together with CNPC the company is a partner in Beijing Huayou joint venture.

In 2008, GREKA acquired Pacific Asia China Energy Inc., a Canada-based company specializing in the development of coal bed methane projects in China.[3]

In 2011, Greka Drilling Limited was demerged from Green Dragon Gas. At the same year it acquired Pingdingshan Sinoenergy Gas, a subsidiary of Sinoenergy, which owns and operates two compressed natural gas retail stations in Henan.[4]

References

  1. ↑ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=36243813
  2. ↑ http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GDG.L&pn=2
  3. ↑ http://www.bloomberg.com/apps/news?pid=conewsstory&refer=conews&tkr=GRDGF:US&sid=a3qIJa0sGkXw
  4. ↑ http://www.reuters.com/finance/stocks/GDG.L/key-developments/article/2323283

External links

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