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G3 Exploration adds to reserves in 2018

Production arm Green Dragon Gas accounts for 96% of the reserves through its interest in the GSS and GCZ blocks

G3 Exploration Ltd (LON:G3E) has updated its estimate of reserves for its coal bed methane assets in China.

Total net proved or 1P reserves rose 37% over the year to 135Bcf of gas, worth US$682mln at an average price of US$8.98 per Mcf.

Production arm Green Dragon Gas accounts for 96% of the reserves through it interest in the GSS and GCZ blocks.

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