Green Dragon Gas is pleased to announce an increase in its estimated reserve values as at 31 December 2013, as provided by independent reserve engineers Netherland, Sewell & Associates, Inc (NSAI).
Total Original Gas In Place of 25.2 Tcf on six blocks
Net 1P reserves increase 113% to 126 Bcf (2012: 59 Bcf) - 1P NPV 10 increase to US$898m (2012: US$324m)
Net 2P reserves increase 22% to 382 Bcf (2012: 314 Bcf) - 2P NPV 10 increase to US$2.81bn (2012: US$1.82bn)
Net 3P reserves decrease 5% to 2,382 Bcf (2012: 2,509 Bcf) - 3P NPV 10 increase to US$16.12bn (2012: US$12.68bn)