Result of AGM

RNS Number : 0309M

Green Dragon Gas Ltd

17 May 2010

 



17 May 2010

GREEN DRAGON GAS LTD

("Green Dragon" or "the Company")

Result of AGM

Green Dragon Gas Ltd. (AIM:GDG), the Chinese vertically integrated gas business, announces that at the Company's AGM held earlier today, all resolutions were duly passed.  Included in the resolutions was the approval of the appointment with immediate effect of David Gordon Eastlake (aged 46) as a non-executive director of the Company.

For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Stephen Hill / Betty Cheung: Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones: Nominated Adviser & Broker / Smith & Williamson Corporate Finance	[phone]
Tim Redfern: Broker / Evolution Securities	[phone]
Nick Morgan: Broker / GMP Securities	[phone]
James Henderson: Investor Relations / Pelham Bell Pottinger	[phone]

About Green Dragon Gas:

The largest independent Coal Bed Methane company in China with a range of high quality assets.

Independently Audited 3P Reserves by Netherland Sewell and Associates of 2.3TCF with a net present value of US$ 9.3bn as at December 31 2009.

Six Production Sharing Contracts located across Shanxi, Anhui, Jiangxi and Guizhou provinces. ConocoPhillips has a farm in option for the production sharing contracts in Shanxi province.

The Company has a fast growing gas distribution network Network in Beijing and in Shandong, Henan and Anhui provinces.

 

END

 

 

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