No grievance kiwi, just pointing out to Mr Dross and others that the link he posted is garbage
Your post at 19.11 yesterday. You post a link to a digitallook article. The article is garbage. It's supposed to be about GEL. Everything in there is taken from the July ops update for GDL.GEL don't drill, GEL are not in India. Post a link to an RNS that says GEL are in India. I'd love to read it.
quindell, if you're thinking of the same £100k buy as I am, the trade was reported with an incorrect price, the price quoted was in pounds not pence. The trade was cancelled and quoted correctly. It was for just over £1k not £100k
I could get a quote to buy 335k shares just before the close. Certainly plenty of shares sloshing about
With its coal bed methane business in China now in the “manufacturing phase”, Green Dragon Gas has announced its intention to cancel its AIM listing and move up to a standard listing on the main market in London. The company joined AIM in August 2006 but with a market cap of more than US$1 billion and a growing reserves and production base it has outgrown the growth-led exchange. It hasn't been an easy journey for the Hong Kong-based gas producer, which was founded in the 1990s when chairman and founder Randeep S Grewal first spotted the opportunity to apply learnings from the North American CBM gold rush to China's massive coal resources.Chinese coal seams, however, proved very different and Green Dragon was forced to develop its own proprietary technology to unlock the gas from the faulted brittle coals. The resulting solution – known as LiFaBriC – means the company can now deliver repeatable well results and ramp production from its acreage. Green Dragon believes a move to the Official List will raise its profile, assist in the liquidity of its shares and provide a great range of potential investors. It expects to cancel its AIM listing and start trading on the Main Market on or around October 27, pending all necessary approvals. “This move is a natural upward migration that complements the material growth the Company has seen and the Board feels that the Main Market provides the right platform to realize the Company's potential,” said Grewal, hailing “another milestone event for Green Dragon Gas this year”. The company's interims for the first six months of 2014 show how the company is building momentum. Revenues were up 123 per cent at US$15.5 million, production was up 206 per cent at 4.1 BCF for the six month period, and losses narrowed to US$7.26 million. Importantly the proportion of game-changing LiFaBriC wells is increasing: of the 1,869 wells drilled to date across the Green Dragon blocks, many by state-owned third parties that are now its partner, 78 use the proprietary LiFaBriC technology. With the company secured in its title to its blocks, and with powerful state companies as its partner, Green Dragon is in a strong position to chase down the resource base across its blocks. As Grewal said earlier this month at the release of the interims, the “approximate US$1 billion of deployed capital across all the seven blocks is destined to yield shareholder returns in the years to come”.The shares closed up one per cent at 452.38 pence, and are up 67 per cent year-to-date.
I was tempted earlier Jimmy so bought 100k, my first buy in GEL. Roll on next week