Green Dragon Gas Ltd Debt Maturity Extensions Update (8756W)
November 17 2017 - 10:11AM
UK Regulatory
TIDMGDG
RNS Number : 8756W
Green Dragon Gas Ltd
17 November 2017
17 November 2017
GREEN DRAGON GAS LTD.
("Green Dragon", 'GDG' or the "Company")
US$ 88M Debt Maturity Extensions Update
Green Dragon Gas Ltd. (LSE: GDG), one of the largest independent
companies involved in the production and sale of coal bed methane
(CBM) gas in China, remains in active and constructive dialogue
with a majority of its Oslo Exchange Listed US$88 million
bondholders, regarding finalisation of an extension to the maturity
of the Bonds, as noted on 30(th) October 2017.
A further update will be forthcoming in the near term.
-END-
For further information on the Company and its activities,
please refer to the website at www.greendragongas.com or
contact:
FTI Consulting
Edward Westropp / Kim Camilleri
Tel: +44 20 3727 1000
About Green Dragon Gas Ltd
Green Dragon Gas is a leading independent gas producer with
operations in China and is listed on the main market of the London
Stock Exchange (LSE: GDG). The Company has 559 Bcf of 2P reserves
and 2,386 Bcf of 3P reserves across eight production blocks
covering over 7,566 km(2) of license area in the Shanxi, Jiangxi,
Anhui and Guizhou provinces. It holds six Production Sharing
Agreements with strong, highly capitalised Chinese partners
including CUCBM (CNOOC), CNPC and PetroChina, and has
infrastructure in place to support multiple routes to monetise gas
production.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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