Green Dragon Gas 2017-07-19T08:22:27+00:00

Green Dragon Gas

Green Dragon Gas is a leading independent, China focused company involved in the exploration and production of coal bed methane (CBM) and its distribution and sale. An environmentally sensitive group, it is one of the first non-Chinese operators in the Chinese CBM industry, with a key commercial advantage in its foot hold in the country’s significant unconventional gas sector. Current Green Dragon stands as one of the leading CBM independents in China, having overcome structurally complex difficulties in Chinese coal seams.

Exchange: London AIM (DI) (GDG)

Financial Data from Exchange website: LSE Summary

Recent Financial Report: Audited Final Results for 2016

Further Information:

Having started its operations  in China in 2007 Green Dragon is now a substantial mid-cap gas producer with a market cap in London as of July 15 2017 of £105.25 million. It is an integrated upstream and downstream as well as distribution group focusing on China. It distributes its gas supply from eight licences covering 1.87 m acres. The company sends its CBM production to delivery points its CBM production for distribution in Henan Province. The daily delivery capacity is 90,000 cubic metres a day. The addition of CNG as a fuel is facilitated through the an inexpensive conversion that enables motor vehicles to be converted to use both petrol and CNG

The year ending December 31 2016 total net gas sales increased by 5.6 per cent to 3.41 billion cubic feet (2015:3.23bcf). In that year total oil in place (OIP) reserves increased by 6 per cent to 12.7 trillion cubic feet (tcf). It was the eleventh consecutive yearly increase in. There was a net increase of two per cent in 2P reserves proven and probable reserves (2P) to 559 bcf (2015:549bcf) with a net present value of US$1.3 billion. Revenue for 2016 was US$29.1m (2015: US$37.7m) due to an approximate 23 per cent decrease in downstream sales. There was a net loss for the year of US$12.1m (2015: Net profit of US$0.1m).

Contact Details
London:
Green Dragon Gas,
1 Berkeley Street,
London,
W1J 8DJ,
Tel: +442070169830
Fax: +442070169633
Website: www.greendragongas.com

Chairman and CEO: Randeep Grewal
Profile: Green Dragon Gas

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Cairman: Mike Inglis

CEO: Graeme Purdy

Exchange: London AIM (IKA)

First Traded: 14 May 2010

Number of Shares: 65.736.416

Share Price: 50.50p (16/08/16)

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