Green Dragon Share Discussion Threads

[buffin] 03/9/2007 13:57

They are featured on oilbarrel today -

The Merrill Lynch introductory report from April is at - took ages to download, though.

[5dally] 21/8/2007 08:59

This had a very positive write-up in Money Week on Friday, anyone still interested in this???

[david77] 29/4/2007 11:10

"As a corollary of this, he believes that Green Dragon Gas looks well-placed to continue to benefit from the surging Chinese economy, given its raising last year of £13mn on AIM at 281p to develop five coal bed methane projects in China covering 1.6mn acres with an estimated 16.6trn cubic feet of gas."

From

[david77] 29/4/2007 11:05

BigGerbil "How on earth did the mcap get calculated?"

According to ADVFN, there are 94.51m shares in issue so it looks to me as tho ADVFN's mkt cap is 100 times too big

[its the oxman] 07/2/2007 14:45

looks like there is very little interest in gdg at the moment - any broker info anyone?

[biggerbil] 25/10/2006 10:05

Drilling successes RNS released.

How on earth did the mcap get calculated?

[humphries1] 16/10/2006 14:23

Sogoesit iv done some googleing on cbm and the diff groups involved with it, massive interest worldwide i suggest u do some reasearce for ur own peace of mind.
im in SER they also involved with cbm and with what iv found today im happy to stay with it, also looking for funds to get in here.
humph

[sogoesit] 15/10/2006 16:02

CBM can be interesting in certain areas (in parts of australia they have made it work directly into power plant, i believe) but, in general, the low productivities (high initial "flush" then very long "tails") and thus high number of wells required tend to make them uneconomic even 'tho the gas resources can appear "staggering".
The coal also has to be "the right sort of coal"; not being a specialist i havent come to grips with what the the right sort is but a lot of these projects fail if there is too much water in the coal interstices (where the methane is "stored").
Projects are surprisingly high risk (they were tried in the UK through a company called Evergreen in the '90's but never went anywhere).
Do we know how gas is priced in China?

Comments above without reading prospectus.
reegards,

[papalpower] 11/10/2006 12:48

If a stock falls after its IPO and goes below the launch price........then do not buy it..........its generally good advice but not foolproof.

[its the oxman] 11/10/2006 12:34

guess the share price performance to date might suggest there is little reason to rush in and buy

[jotoha1] 20/9/2006 18:53

Thanks taylor, still cannot get my head around this valuation, one to watch with interest!

[taylor20] 20/9/2006 18:11

Some background to Randeep S. Grewal, below.

Another company into CBM is Heritage Petroleum [OFEX:HEP] partnered with European Gas Limited [AUX:EPG], they have licences for 1Tcf of CBM in France.

[jotoha1] 20/9/2006 09:02

Amazing valuation...it's like paying £10 for every £1 , great if you can get away with it, has this company any trading history?

[its the oxman] 08/9/2006 13:58

personally would like to see the offer back nearer the placing price before maybe buying in, but might not happen - still waiting and watching.

[humphries1] 08/9/2006 13:49

and mine
humph

[tobyjug] 08/9/2006 07:59

On my radar.

[its the oxman] 05/9/2006 11:27

obviously no one else watching this at the moment

[its the oxman] 25/8/2006 16:26

looks potentially interesting - spread a bit off putting but will watch for an opportunity possibly - any views or broker comment/targets would be very welcome.

[its the oxman] 25/8/2006 16:23

COAL BED METHANE SPECIALIST

95% owned by founder Randeep Grewal

Joined aim - placing 4.5m shares at $5.56 a share.

Green Dragon aims to drill more than 100 wells in each of the next three years and hopes to have drillled 500 odd by the end of 2009.

www.greendragongas.com