Green Dragon Gas reports progress with third Chinese development
26th Sep 2016 12:32
(ShareCast News) - London listed Green Dragon Gas, a producer of coalbed methane gas in China, reported that its Baotian-Qingshan block in the Guizhou province has moved to development status. The block in southern China, where Green Dragon Gas acts as operator with a 60% interest with the remainder
Read moreSuday share tips: Green Dragon Gas, British Land, Land Securities, Braemar Shipping
24th Jan 2016 14:46
(ShareCast News) - Green Dragon Gas was a 'buy' tip for Midas in the Mail on Sunday. Yes, oil prices is tumbling and China's growth is slowing, but gas prices are more stable and this Chinese gas producer is expected to enjoyed rocketing revenues and profits in the coming years from its gigantic acr
Read moreGreen Dragon beats gas targets
4th Jan 2016 09:01
(ShareCast News) - China-focused Green Dragon Gas has topped its annual targets for gross production for coal-bed methane gas. The London-listed group expanded gross production 36% to 12.12bn cubic feet per year (BCFPY), ahead of management's guidance of 12.0 BCFPY. Chairman Randeep S. Grewal said
Read moreGreen Dragon Gas first-half loss narrows as revenues rise
17th Aug 2015 11:16
(ShareCast News) - Green Dragon Gas reported a smaller pre-tax loss for the first half as revenues increased, production ramped up and gas pricing remained strong. The China-focused gas producer said its net loss from continuing operations fell by 98% to $1.4m from $69.3 in the first half of last ye
Read moreThursday broker round-up UPDATE
9th Oct 2014 09:27
African Barrick Gold: Numis reduces target price from 330p to 270p keeping its hold recommendation. Antofagasta: Numis upgrades to hold with a target price of 700p. Aureus Mining: Numis lowers target price from 45p to 40p staying with its buy recommendation. Boohoo: Barclays initiates with a targe
Read moreSunday share tips: BG Group, Genel Energy, Palace Capital
5th Oct 2014 13:32
Sell shares of BG Group, Danny Fortson advised in the Sunday Times. Credit Suisse analysts have questioned whether the gas producer's big Australian operation will open on time and have said BG's estimates for its Brazilian oil fields are bigger than those of Petrobas, which leads the development. I
Read moreGreen Dragon Gas gives upbeat outlook after record revenues in 2013
9th Jun 2014 07:45
Green Dragon Gas (GDG), one of the largest producers of coalbed methane (CBM) gas in China, reported record revenues in 2013 and gave a confident outlook with title concerns now behind it. Revenues surged to $62.2m in the 12 months ended December 31st, up from just $8.1m in 2012. This was helped by
Read moreThursday tips round-up: First Group, Green Dragon Gas
3rd Apr 2014 07:38
First Group seems to be in decent shape, given that it has four contract renewals and bids for new franchises coming up. Also, its British bus division continues to grow steadily, with like-for-like sales rising by two per cent over the last year. Meanwhile, its rail division saw revenue growth of n
Read moreGreen Dragon signs agreement with China's CNOOC
29th Oct 2013 14:48
Coal-bed methane specialist Green Dragon Gas has signed a non-binding preliminary agreement with state-owned China National Offshore Oil Corporation (CNOOC). Green Drago, which has six production sharing contracts (PSCs) in four Chinese provinces across 1.6m acres of licence area land, said it has
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreWednesday tips round-up: Vedanta, AstraZeneca, Green Dragon Gas
11th Apr 2012 06:55
Questor digs into the numbers for Indian mining giant Vedanta Resources. It had a shocker yesterday with iron ore production down 27 per cent, leading to a sell-off. But Questor makes the case for the group, which has interests in lead, silver, zinc, copper and, after a protracted deal with Cairn En
Read moreOcean Wilsons director splashes out
30th Jun 2011 17:35
Board member Alex Cooper has upped his stake in Ocean Wilsons, spending nearly £50,000 on shares in the Brazil-focused shipping services group. Cooper, a lawyer and resident of Bermuda, bought 3,550 shares at 1,360p a share, and now has 46,450. The shares have risen sharply since the company issue
Read moreCookson chairman buys after rally
28th Jun 2011 17:49
The chairman of ceramics, electronics and precious metals supplier Cookson Jeffrey Harris has increased his holding in the company by 50%, spending more than £60,000 on shares. He took 10,000 shares at 616.2p a go and now has 30,000. Shares in the company have rallied sharply since his last purchas
Read moreC&W Comms rallies as boss buys
27th Jun 2011 15:51
Shares in Cable & Wireless Communications were in demand Monday after it revealed the telecom company's chief executive Anthony Rice shelled out nearly £1m on shares. Rice bought 2.5m shares at 37.63p a pop. His latest purchase comes on the back of steady falls in the company's share price followin
Read moreGreka demerger agreed by Green Dragon shareholders
7th Mar 2011 23:07
Shareholders in China-focused coal bed methane producer and supplier Green Dragon Gas have voted in favour of the demerger of Greka Drilling Ltd. Cayman Islands-incorporated Greka provides coal bed methane drilling services in China. It operates eight truck-mounted specialised CBM drilling rigs an
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