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Reiteration : ....BUY..... 925 ;-)
This says it all for me..."Green Dragon Gas (LSE:GDG), China's largest independent coal bed methane ("CBM") gas company". ThiHas are coming together.
Further confirms cash is coming in the door in waves now. New customers with diversified needs but requiring loads of gas ££££
Opened the News paper this weekend and there it was listed in the 250 very small but all the same it was there. This will not be be in small print for much longer with $225m in its war chest.
BUY today 27 Oct 2014. What does that put GDL on I wonder ? Anyone have a clue what that may be ?
GDG & GDL looking good Merlin just as you said. Good call and thankss for the info earlier, just shows what hitting the 18Bcf to be self funding and hold control of their own future and not necessarily need to go to markets to raise capital and makes it a great 2015 Accounts to got to market with. This certainly will be 1 very big step forward. Imho it is a very much a buy from these levels.
Documents out ! 30 to 40 wells order coming. Bring on tomorrows Capital Market presentation. CALICO - Brilliant find Squire and backs up what a few have been hearing ! Merlin , bet you are lapping this up? You are correct and have just had to wait a few days ! Now lets make some money :-)
Hi, Whats the figure for a standard vertical well may I ask ?
I totally agree. Now that all the wells have become GDGs property they have speeded up the process to a hive 18bcft by several years.
I concur TM. My newest calculations show "smashing" the 18 BCF is actually quite achieveable ! Would you consider taking a view where all other current blocks gas productions are included, Newely tied in wells are extra and All 57 GSS block - LFB ONLY are dewatered and connected would do it by end of 2015 ? I certainly do and that does not involve the GDG 140 wells.... not necessarily needed to hit 18 BCF ?
This will be a billion pound business within the next few months as further gas comes on line. With the extra LiBric 150 well contract in place they will be sailing through this during 2015 There are hundreds of wells coming on line being connected and de watered to add towards the TGT of 18B which they are now going to smash. As Randeep said it is like winning the jackpot twice over !
With no extra drilling ! THE BIG CONNECT ! ! ! £ £ £ No wonder they have gone to the next Market level today !
Now thats a step up ! Normally dont we have to wait for the guys who go to AGMs and PR days to update us on here? Great to catch up or is it something they REALLY want to finally let investors know? Are they dropping the BIG "C" bomb ??? ;-) Good Luck all here as its great news for GDL.
I got ave 181,000m2 per well by using some figures. 6 bcf to drill then. Approx. That makes me very very very happy. The BIG CONNECT ;-) Very very strong buy now ! Even without GDG contract.
Great ££ to be made tomorrow. Looking forward to a great finish to the year.
This is a changing reading as the production increases over the years of extraction to a high point and then has a slow drop off. This is a 5 year example of a known well. 1st year 4,529m3/day 2nd year 8,263m3/day 3rd year 7,006m3/day 4th year 11,992m3/day 5th year 11,270m3/day Cumulative production 8,635m3/day I trust this helps atb Merlin
Per well. :-)
Yes please , the average volume if you have it?
Do you mean gas production volum ?
what is the average production per year per well ? I have a figure and need to cross ref please .
time to come in and get warm together?
Make this afto enjoyable. i hope ?
spread on the main exchange and not this Micky mouse 10% UGGGRR
Will other information be coming out that may not be in the prospectus or is it the case of. ( as stated in the prospectus. ) bringing forward or expanding the plans ? I was really surprised at the Fengcheng being so far in advance and ready for LiFaBric drilling Add that total on to whats coming ! Should power GDL with GDG 140 wells , GNS ready to go and Fengcheng now apparently a dark horse for extra LiFaBric.
Capital Markets Update Next Tuesday