G3 Exploration Ltd

Green Dragon Gas now has 'very specific execution plan' on all exploration blocks

Randeep Grewal, chairman of Green Dragon Gas Ltd (LON:GDG), discusses with Proactive's Andrew Scott three new supplementary agreements that have been signed between its subsidiary Greka Energy and China United Coalbed Methane Corporation (CUCBM).

The deals confirm that exploration activities can begin for three blocks in China.

The new agreements with CUCBM, a unit of state backed CNOOC, will allow the partners to advance operations across the Fengcheng (GFC), Qinyuan (GQY) and Panxie East (GPX) Blocks.

Additionally, the proposed exploration period has been extended until the second quarter of 2019.

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Market Cap: £34.34 m


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G3 Exploration's Grewal updates on demerger of Green Dragon Gas

G3 Exploration Ltd's (LON:G3E) Randeep Grewal tells Proactive London they remain committed to concluding the demerger of Green Dragon Gas. G3 Exploration shareholders on the register as of the effective date 29 March will receive a direct interest in Green Dragon Gas, the G3 subsidiary...

on 1/7/19

2 min read