Green Dragon Gas Ltd Debt Maturity Extensions Update (6800W)
November 16 2017 - 2:01AM
UK Regulatory
TIDMGDG
RNS Number : 6800W
Green Dragon Gas Ltd
16 November 2017
16 November 2017
GREEN DRAGON GAS LTD.
("Green Dragon", 'GDG' or the "Company")
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, continues to progress negotiations of the
inter-creditor terms with its bond holders, as noted in the
Company's Debt Maturity Extensions update on the 30(th) October
2017.
The parties, GIC , Nordic Bond Holders and the Company are in
negotiations in relation to the bonds and hope to have a this
finalized shortly. The Company shall inform its stakeholders of the
conclusion in due course.
-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 / Elizabeth Burnham / Ntobeko
Chidavaenzi
Tel: +44 20 3727 1000
About Green Dragon Gas
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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November 16, 2017 02:01 ET (07:01 GMT)
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