Green Dragon Share Discussion Threads

[the esk] 22/3/2013 15:17

There's something significant afoot - totally unrelated to GDL btw

[rimmy2000] 22/3/2013 08:58

i think the news everyone is waiting on is whether they can get the required financing to advance the project, at decent terms.. There has been nothing to underpin the share price over the last year.

[fangorn2] 21/3/2013 14:39

Ah ok. Gotcha. Good to know.

[the esk] 21/3/2013 14:34

Q2 2013 :)

[fangorn2] 21/3/2013 11:48

And your time frame for "in the not too distant future" is?

[the esk] 21/3/2013 11:44

I hear there may be interesting news from this stock in the not too distant future

[kefta] 09/3/2013 13:26

. sorry info already posted above

[rimmy2000] 05/3/2013 12:02

you going tradervic? I sold as this was floating down out of trend. still very much one to watch. GDL is doing the same.

[tradervic] 05/3/2013 10:24

Stephen Hill, Vice President of Corporate Communication of Green Dragon Gas Plc (GDG) (GDG.L) [LON:GDG] the producer of CBM gas and the distribution and sale of wholesale gas in China, will be presenting at the Shares Magazine and Redmayne-Bentley Investor Evening in Leeds on 20th March 2013. The event offers an unique opportunity not only to hear about the latest plans from some of the most exciting companies in the sector, but also for investors to put questions to senior management of the companies presenting : Ferrex (LON:FRX), Green Dragon Gas (LON:GDG), Nostra Terra Oil & Gas Company (LON:NTOG) and President Energy [LON:PPC]. More details at

[rimmy2000] 16/1/2013 08:28

today's rise in acknowledgement of update:

[starts]
"Operations Update

Annualized 2012 year-end production 2.6 BcfPY, a 55% year on year increase

Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, is pleased to report an operations update to 31 December 2012.

Upstream

Year on year growth of 55% achieved in annualized year end production of 2.6 BcfPY (201,785 cubic meters/day) compared with 1.7 BcfPY (129,457 cubic meters/day) at the end of December 2011.
Quarterly production in the final quarter was 506 MMcf, a 24% increase on a year earlier (407 MMcf in Q4 2011).
[ends]
As at 31 December 2012, 51 LiFaBriC wells had been drilled at the Company's production block in Shizhuang South (GSS), representing a 96% increase on the year earlier.
There are an additional 11 LiFaBriC wells across the Company's 5 exploration blocks.
The total number of LiFaBriC wells across all blocks was 62, an increase of 88% year on year. These drilled wells are at various stages of completion, including establishing pipeline connections and de-watering.

Midstream

At the GSS production block, of the total 19 km pipeline project which connects the existing Integrated Production Facility (IPF) to the north east corner of the GSS production block, 6.8 km of pipe had been laid by the year end resulting in 21 wells being connected to the IPF.
The GSS IPF generated 25.4 KWh of power from CBM produced at the block, a 70% increase year on year.
At GSS, there is now 31.3 km of well gas gathering pipelines, 15.8 km of gas transmission lines, 54.6 km of electrical grid, 6.5 BcfPY (504,000 cubic meters/day) of gas compression capacity and 10 MW power generation facility.
4 leased trucks and 5 trailers were added to the truck and trailer fleet division in addition to the self-owned truck and trailer fleet comprising 5 and 12 respectively by year end.
The midstream wholesale CNG business in Henan and Anhui provinces recorded an 8.8% decline in sales volume. The sales volume in 2012 was 2.54 Bcf (72.2 million cubic meters). Sales volume in 2011 was 2.79 Bcf (79.1 million cubic meters).

Downstream

At the GSS production block, piped natural gas (PNG) from the IPF to the West East Pipeline via the Company's self-built, owned and operated pipeline was put into service on a controlled basis. Average daily sales through the pipeline in December 2012 were 2 MMcf/day (58,259 cubic meters/day).
Two newly constructed retail stations and one in the final stages of construction complemented the 6 existing retail stations as at 31 December 2012.
· Quarterly CNG retail station sales in the final quarter was 105 MMcf (32,521 cubic meters/day), a 49% increase on a year earlier (70 MMcf in Q4: 2011, 21,801 cubic meters/day)
In Beijing, the jointly controlled entity with Kunlun (CNPC subsidiary), Beijing Huayou (BHY), achieved annual sales volumes of 12.6 Bcf (357.5 million cubic meters), a 4% increase on the year earlier.

Technology and Engineering Division

The technology, manufacturing and infrastructure assets were consolidated into Greka Engineering and Technology (GET), a self-sufficient and independently managed entity.
Design, construction, operation and the maintenance of gas gathering systems, compressors, gas fired power generation facilities and pipelines, as well as the final delivery of produced gas to the 'factory gate' and C-LNG retail stations, IC Card point of sale systems and software, C-LNG dispensers and compressors, and full value chain SCADA systems are all now under one umbrella.
GET had 74 external clients, 9 patents and 9 registered designs for various products within the natural gas industry at the end of December 2012.

Randeep Grewal, Founder & Chairman of Green Dragon Gas, commented:

"We are very pleased with the continued success of the LiFaBriC wells as they demonstrate a stable and sustainable gas production profile once the well de-waters. This predictable production profile enabled us to exceed our production targets for the year end. We are comfortable that the additional production wells currently de-watering will achieve the expected gas production volumes commensurate with the existing ones.

Quite similar to the successful development of Greka Drilling (AIM: GDL), we have consolidated our engineering and technological capability into Greka Engineering and Technology (GET). Third party contracts have complemented the existing Green Dragon Gas contracts. As the unconventional gas industry continues its exponentional growth in China, the demand for GET's products and engineering services is expected to grow significantly. GET's five year niche track record ideally positions the business to capitalize on this demand.

While 2012 saw very significant progress in our LiFaBriC production drilling at the GSS production block, we expect 2013 to be the year that we optimise the completion technology for progressing one additional exploration block into commercial production."

[rimmy2000] 20/12/2012 09:53

got the xmas card today!

[pug151] 08/11/2012 10:45

Must be the only company on aim with zero response to an update ????why

[lucky_punter] 07/11/2012 12:07

China may be experiencing some growing pains currently, but this will barely dent its demand for new sources of energy, which bodes well for the long-term future of Green Dragon Gas (LON:GDG).
To give a sense of the scale of its energy consumption, China used 2.6 billion tonnes of oil equivalent in 2011.

[euclid5] 12/10/2012 10:16

ok no prob's - Edison just reported an updated note on Greka - TP 21p

[rimmy2000] 11/10/2012 14:45

chap just said he wasn't happy with the price currently, and that shareholders were given it as a 1-3 split in 2011. I didn't have my holding then, so don't follow Greka I am afraid.

[euclid5] 11/10/2012 13:36

Hello Rimmey,

Did they mention anything about Greka Drilling at the meeting please

amazed it has drifted down to 13p

thanks