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Green Dragon Gas' first LiFaBriC well exceeds 1Bcf of cumulative production


Published Mar 26, 2015
Green Dragon Gas Ltd.-2

Green Dragon Gas is pleased to announce that GSS 008, the first well to be drilled using Green Dragon Gas' LiFaBriC completion methodology, on line since March 21st 2008, has completed seven years of continuous gas production, with no decline in production rates. The well has produced a cumulative 1.05Bcf of production to date; a rate of return of 80% based on a realized CNG pricing.

Further, the Company is hosting a site visit to its Shizhuang South Production Block (GSS), part of its operations in the Shanxi Province, China, on Thursday 26 March. The site visit is being attended by senior equity analysts and institutional investors, and will comprise presentations from senior management and a tour of operations and infrastructure.

Tags: Green Dragon Gas Ltd.




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