Green Dragon Gas in drilling services demerger
16th Feb 2011 08:06
Green Dragon Gas, the China-focused coal bed methane firm, is spinning off its drilling services business which plans to drill more than 100 wells in China this year. Greka Drilling, in which Green Dragon shareholders will receive a stake, should begin trading on London's AIM on 8 March. It is cur
Read moreGreen Dragon placing generates $102.8m
3rd Dec 2010 14:07
China-focused coal bed methane exploiter Green Dragon Gas has raised $102.8m at $11.68 a share ahead of its proposed flotation on the Hong Kong Stock Exchange next year. Chairman and chief executive Randeep Grewal has also sold 598,306 shares at $11.68 each in order to satisfy some of the excess d
Read moreGreen Dragon Gas flags HK listing for 2011
8th Nov 2010 17:45
Coal-bed methane gas producer Green Dragon Gas rose 15% Monday after it announced a main board listing on the Hong Kong Exchange in 2011. While maintaining its current AIM listing, the group sees Hong Kong as an "optimum market" with a "greater institutional appreciation of the value of the company
Read moreSmall caps round-up: Green Dragon, Mediterranean Oil, Terrace Hill
6th Oct 2010 14:34
Green Dragon Gas is to acquire an effective equity interest in Sinoenergy Corporation to provide it with incremental access to the midstream and downstream sales infrastructure within niche geographical locations in China. The structured transaction involves an initial investment of approximately
Read moreGreen Dragon on track
1st Sep 2010 07:51
Green Dragon, which produces coal-bed methane (CBM) gas in China, has reduced full-year losses by 20% following a 15% hike in revenue, in line with expectations. Losses for the six months ended 30 June narrowed to $6.3m from $7.8m in 2009 on revenue up to $21.5m from $18.7m last time. Gas producti
Read moreGreen Dragon revenue up 90%
22nd Mar 2010 08:07
China based Green Dragon said pre-tax losses widened as revenue surged 90.3% following a sharp increase in gas sales and as it extended its pipeline network. For the year ended 31 December 2009 revenues increased to US$46.9m in 2009 from $24.6m. Loss before income tax widened to $28.8m from $23.2m
Read moreSmall caps round-up: MobilityOne, Delta, Playtech...
8th Dec 2009 08:52
Shares in MobilityOne jumped after the electronic payments group said it had raised £365,000 through a placing 'for general capital purposes.' Shares in Baltic Oil Terminals, which has port operations for the shipment of oil in the Russian territory of Kaliningrad, jumped after it said had agreed t
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