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Green Dragon Gas announces annual gross production exceeds 7 Bcf


Published Jan 22, 2014
Green Dragon Gas Ltd.-2

Green Dragon Gas Ltd. is pleased to announce an operations update, following the end of the Fourth Quarter. Green Dragon is a focused upstream (E&P) company, concentrating on its core asset value proposition over six blocks, one in production and five in exploration.

Upstream

◾ Total gas production for 2013 (including partially reviewed third party activities) was 7.19 Bcf (0.23 Billion cubic meters), a 304% yoy increase (1.78 Bcf for 2012). ◾ Standalone (excluding third party drilled acreage) annualised year end production of 2.9 Bcfpy (227,271 cubic meters/day), representing an 11% increase. ◾ Standalone gas production in Q4 2013 was 722 MMcf (20.4 million cubic meters), representing a 1.5% increase on Q3 2013 (711MMcf /20.1 million cubic meters) and a 42.6% yoy increase over Q4 2012 of 506 MMcf (14.3 million cubic meters).

Tags: Green Dragon Gas Ltd.




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