Randeep Grewal, CEO & Chairman of Green Dragon Gas (LON: GDG) talks on the significant upside of Green Dragon Gas's assets and reserves and the attractive gas market in China. Green Dragon Gas has more than 20 years’ experiences in working with the Chinese government as the largest independent company involved in the production and sale of Coal Bed Methane gas in the country.
Partner with CNOOC, CNPC and PetroChina, Green Dragon Gas operates 8 licence blocks over 1.87mn acres producing gas and generating cash. The recent increase in reserve volumes shows the significant value of the asset: net cash margin $6-8 mcf. China boasts the world’s third largest CBM reserves (estimated at 36.8 trillion cubic meters) after Canada and Russia, and Randeep explains the importance of the continues government policy supports and subsidy representing a great opportunities for the company’s to growth - ‘right place, right time & right country’.
