logo-loader
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.

Quick facts: G3 Exploration Ltd

Price: 22 GBX

Market: LSE
Market Cap: £34.34 m
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of G3 Exploration Ltd named herein, including the promotion by the Company of G3 Exploration Ltd in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

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