Drilling Order

RNS Number : 6534X

Green Dragon Gas Ltd

15 January 2014

 



15 January 2014

GREEN DRAGON GAS LTD

("Green Dragon Gas" or "the Company")

Drilling Order

Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that, as part of its overall plan to drill 150 LiFaBriC wells in 2014, it has made an initial order for Greka Drilling Limited to drill 10 LiFaBriC wells.  The estimated value of the order is approximately US$15 million and will involve 5 rigs being mobilized in February 2014, after the Chinese New Year.

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

Stephen Hill, VP Corporate Communications Green Dragon Gas	[phone]
Dr Azhic Basirov / David Jones Smith & Williamson - Nominated Adviser & Broker		[phone]
Steve Baldwin / Nicholas Harland Macquarie Capital (Europe) Limited - Broker	[phone]
Richard Crichton / Andy Crossley Peel Hunt - Broker	[phone]
James Henderson / Phillip Dennis Pelham Bell Pottinger - Investor Relations	[phone]

 

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