Green Dragon Gas Agrees to Pay $40 Million to ConocoPhillips
August 29 2014 - 5:40AM
Dow Jones News
LONDON--Green Dragon Gas Ltd (GDG.LN), a producer of coal bed
methane gas in China, Friday said it agreed to pay $40 million to
ConocoPhillips (COP) to settle the legal proceedings between the
companies in multiple jurisdictions.
AT 0907 GMT, Green Dragon shares were unchanged in London.
Shares at 0908 GMT flat at 488 pence.
Write to Ed Ballard at ed.ballard@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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