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I think your right and would of thought they will be going for the £10.00 per share. Going to be very interesting.

Up 40% today !!!!

I think so also !

Great news for Greka fans !!!! GDG looks to have just won its case against CNOOC

Great News "THEY ARE PLEASED TO ANNOUNCE" This is very clear that they have just won the case and this will be transforming to their SP.

I have been in and out of this this for some time now and feel we at on the bottom now for a bounce up. This is now 25% off its sp from only 2 weeks ago and the news does not warrant a quarter of its value to be knocked off.

Hi jackabite Yes looking great,iam very excited for GDG prospects. This business has just doubled its gas reserves overnight ! What more do people want ?

Looks like GDG have just doubled over night their gas reserves ! The SP will be the next to double IMO

12,000 shares bought and 2,000 sold but shows down 5%. ! They are kidding right ?

The main news is that GDG have now an additional 1500 wells on their land for nothing ! They will receive a compensation package from the Chinese government far above this 50m in fact IMO if I was RG I would be looking for no less that 500m. Big numbers I acknowledge but this is a big business and its here to stay and grow.

If this all works out the way we are hoping it will of saved many years of investment and work for GDG. They will hit the floor running in 2014 ! Which in turn will be excellent for our friends GDL. It's a big last quarter for both companies and I for one will have all my fingers and toes crossed for them.

Looks like Green Dragon are turning the corner now.

October 15, 2013 Poweralternatives:Green Dragon Investors Warily Absorb News That Third Parties Have Drilled 1,500 Wells Across Its CBM Blocks In China By Amy McLellan Investors in Green Dragon Gas have long lamented the slow progress in drilling up its six coal bed methane blocks in China. As we have pointed out before, the coals here have proved challenging and the Hong Kong-based company has had to develop its own drilling and completion technology to unlock the gas from the brittle, faulted seams. It has also had to build up its own in-country rig and technology capabilities, since spun off into separate companies, namely AIM-quoted Greka Drilling and Greka Engineering & Technology. After 15 years of working up its acreage, the company now has 67 LiFaBric wells in production delivering production of 697 million cubic feet of gas in Q2 2013, or around 6.5 million cf/d. Yet those numbers, released in July, actually fall far short on the numbers from actual wells across the 7,600 sq km it holds under PSCs. For it transpired last week that a number of Chinese companies, including China National Offshore Oil (CNOOC), CNPC, PetroChina and China United Coalbed Methane Corporation (CUCBM), have drilled around 1,500 wells across five of the company's six blocks, of which 1,300 are on the flagship Shizhuang South PSC, at a cost of more than US$500 million. Green Dragon has asked the companies and the Ministry of Land and Resources for all information from the wells and say it believes any revenues and reserves from the wells will accrue to its benefit. Once it receives the information it will conduct an independent audit of the impact of these new wells on its 1P, 2P and 3P reserves while the invested capital may be used for cost recovery purposes under the terms of the PSCs. Investors may be astonished that so many wells could be drilled without Green Dragon's knowledge. The company points out the five PSCs in question cover 6,620 sq km and company founder Randeep Grewal, who said he was “over-whelmed” by the number of wells drilled by the third parties, pointed out it was impossible to be vigilant over the entire licenced area. The third party wells only came to light when the licences were re-issued this summer. Grewal said he expected the accretive impact of the wells to be material on production, reserves and revenues. The company also wants to evaluate the types of wells drilled so it can adjust its well patterns to accommodate the findings. Until the data on the new wells has been received, the company is suspending any aggressive drilling campaign or related financings. “We are committed to amicably concluding the material impact within our PSC areas in various aspects and look forward to capitalising on this accelerated development to significant commerciality. However, we stand ready to enforce our PSC rights in the event there is any procrastination on such a mutually beneficial conclusion," said Grewal.

I hate to say it but I most probable on balance see GDG in the short term making up the lost ££ prior to any other in the group,and thats not great for me as iam heavy in GDG but will just have to sit and watch. If they win there court case which now looks even more likely the sp will be flying noth

GDG will be seeking compensation in the region of $1 billion for this infringement and will win it with out any shadow of doubt. This will be fantastic for the SP taking it back to the £10.00 mark prior to all of this. Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production and sale of CBM gas in China, is pleased to announce that following the reissue of the licences in July 2013, the Company has discovered that a number of wells were drilled on five of its six PSC blocks pre July 2013 by a number of Chinese CBM gas companies (the PSC in Guizhou was not the subject of such drilling). As stated in the Company's announcement on 10 July 2013, the Chinese government has reissued the licences covering the Shizhuang North (Shanxi), Qinyuan (Shanxi), Fengcheng (Jiangxi) and Panxie (Anhui) exploration blocks, as well as the commercial production block Shizhuang South (Shanxi). The Company believes that revenue and reserves from the wells drilled by these companies will accrue to the benefit of Green Dragon. The Company has been in continuous dialogue with the PRC Government and its controlled entities China National Offshore Oil (CNOOC), CNPC, PetroChina and China United Coalbed Methane Corporation (CUCBM) regarding their drilling activities across the Company's PSC blocks. Through such communications, it has been revealed that these companies drilled a total of c. 1,500 wells across these blocks. The Company has requested from these entities, as well as from the Ministry of Land and Resources, all information pertaining to these wells. Of the c. 1,500 wells drilled, it is estimated that c.1,300 have been drilled across the Company's Shizhuang South PSC (GSS), whilst the others have been drilled on the four other exploration blocks. The Company has been informed that capital expenditure on these 1,500 wells exceeds US$500 million.

I like the idea of having them with us one this one.

It's a load of tosh !

Now they have cleared the issues with their PSCs licences GDG are set to fly. They have a court case with Conoco Philps but should win this but either way its small beer to the current sp This share was £10 prior to the licence issues and will be heading back there over the next 12 months imo. The recent drop was just on 10,000 shares sold the MMs have over worked it.

Great buy in price at this point. Avery quick return on this now

This is the smart part of the Greka empire ie. This company holds all the technical expertise that drives GDL and GDG to work. I think they could now also pick up third party contract to work with shale drillers and explores. This could not of happened prior to the split as shale and CBM are at counter parts with one another ! Now they can also have a slice of the booming shale market as well as the green CBM. This is just going to keep going up now imo.