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Green Dragon Gas announces increase in its estimated reserve values


Published May 13, 2014
Green Dragon Gas Ltd.-2

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).

Reserves Highlights

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)

Tags: Green Dragon Gas Ltd.




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