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4 June 2013 GREEN DRAGON GAS LTD ("Green Dragon" or "the Company") Notice of Results Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent upstream companies involved in the production of CBM gas in China, announces that its annual results for the 12 months to 31 December 2012 will be released on 10 June 2013. For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:

Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent upstream companies involved in the production of CBM gas in China, announces that it has been informed by its registrar of the following interests in the Company's ordinary shares: Mandolin Capital Pte. Ltd. (investment manager: Richard Chandler Capital Corporation) - 24,831,777 shares (representing 18.19% of the Company's issued ordinary shares); Aberdeen Asset Managers Ltd - 5,544,343 (representing 4.06% of the Company's issued ordinary shares); Platinum Asset Management Limited - 4,349,051 (representing 3.19% of the Company's issued ordinary shares).

Highlights · Continuation of plan evidenced by the successful demerger of Greka Drilling Limited and proposed demerger of Greka Engineering and Technology Ltd. · Appointment of Morgan Stanley as financial adviser in relation to the proposed sale of the Company's 29% effective interest in Beijing Huayou United Gas Development Co. Ltd, the downstream wholesale gas distribution business in Beijing · Completion of divestment plan will result in a focused exploration and production company with reduced fixed cost base which is already operationally cash flow positive · Production growth of 61% achieved in Q1 2013 with production of 7,516 Mcf per day (212,908 cubic meters per day) compared with 4,660 Mcf per day (132,022 cubic meters per day) at the end of Q1 2012 · Planned redemption of the convertible bond · Plan to progress a Hong Kong Main Board Listing for Green Dragon in late 2014 or early 2015 in addition to its existing listing on London's AIM market

Should Green Dragon's share price be unresponsive to any rises in output over the next 18 months, Grewal, who owns a 64.7 percent stake in the firm, said he wouldn't rule out a takeover. "Depending on how the market responds, we will execute some game plan. We are actively looking at all options, going private happens to be one of many options," he said in an interview on Tuesday.

The Group has approximately 125 employees including design engineers, pipeline engineers, electrical and mechanical engineers, project managers, facility managers and operations/field support staff. In the year ending 31 December 2012 the Group generated revenues of US$5.9 million, EBITDA of US$16,000 and a net loss of US$1.4 million. As at 31 December 2012 the Group had total assets of approximately US$43 million (see note below). The Board believes that the demerger of Greka Engineering from Green Dragon will enhance shareholder value in both companies. The Greka Engineering Group already operates on a stand-alone basis and trades on an arm's length basis with other businesses within the Green Dragon group. Greka Engineering's management team will focus on a separate strategy and business development plan from Green Dragon with enhanced growth prospects as an independent company servicing both Green Dragon and third party customers. In addition to Green Dragon, the Group has already provided its services to a number of different clients including PetroChina, Sinopec, CNPC and their various subsidiaries and affiliates. It is expected that a circular containing notice of a Green Dragon EGM and further information relating to the Demerger and Greka Engineering will be sent to Green Dragon shareholders shortly. Randeep S. Grewal, CEO and Founder of Green Dragon, commented: "Following the successful demerger of Greka Drilling (AIM:GDL) in 2011, it has become increasingly clear that a similar opportunity exists for Green Dragon to demerge Greka Engineering which will allow that business to take full advantage of the exciting opportunities offered by the rapidly growing unconventional gas market globally in addition to its strong foothold in China. Quite similar to GDL, Greka Engineering was a necessity to efficiently develop our CBM resources and the many purpose built technologies and solutions are equally needed by the many unconventional resource developers within Asia. Green Dragon will continue to benefit from the application of such solutions but doesn't benefit any further from such ownership. On the other hand, this dividend provides our existing shareholders an opportunity to continue to grow with this niche business or reward themselves, at their own discretion."

GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") Proposed demerger of Greka Engineering & Technology Ltd. The Board of Green Dragon Gas Ltd. (AIM:GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, is pleased to announce that is intending to demerge its engineering business by means of a dividend in specie of shares in Greka Engineering & Technology Ltd ("Greka Engineering") to Green Dragon Shareholders (the "Demerger"). The Demerger, which is conditional upon the approval of Green Dragon Shareholders in general meeting, is expected to take place during June 2013 and it is intended that application will be made for shares in Greka Engineering to be admitted to trading on AIM. Greka Engineering is a newly-incorporated subsidiary of Green Dragon and was established to hold Green Dragon's engineering and technology businesses and certain of its pipeline and gas compression assets (together the "Greka Engineering Group" or the "Group"). The Greka Engineering Group's business includes the provision of engineering, procurement, construction and management services for infrastructure projects in the unconventional gas sector in China. Projects completed include the design, construction and management of gas gathering systems, a CNG compressing integrated production facility, the installation and commissioning of a 10MW gas-fired power facility and the successful build, maintenance and operation of eight CNG retail stations in 2012. All of these projects were completed for Green Dragon. Greka Engineering has also completed a gas pipeline connecting a Green Dragon gas producing block in Shanxi Province to the China West-East pipeline, the installation and maintenance of additional gas gathering equipment and a pipeline which connects producing wells to the Company's integrated production facility. The Group is also involved in the research, development and delivery of technologies specific to the unconventional gas sector and incorporating such technologies into industry-specific hardware manufactured in-house such as well-head and gas gathering system compressors, CNG and LNG dispensers, Integrated Circuit Card Point of Sale gas station systems and a SCADA (supervisory control and data acquisition) system used for remote supervision and management of drilling operations, gas gathering systems, power facilities, vehicles, and retail gas stations.

Green Dragon Gas hails significant reserve upgrade Proactive Investors UK Green Dragon Gas hails significant reserve upgrade. April 10 2013, 2:46pm. Stephen Hill, VP Corporate Communications, tells Proactiveinvestors about the 37% increase in the company's 1P (proven) reserves. He also expresses confidence in the company's ...

Green Dragon Gas (GDG LN, MCap: £262.2M, 192p) – Time for Development: Today’s reserves update underlines the prospectivity of the Company’s assets, but what is really required from here on in is production and valorisation of the reserves in the ground. We have been here before, however, and this company has always been one of potential not quite fulfilled. However, with China’s industrial demand for gas beginning to accelerate, the Company is in the best position to benefit from the growing demand. CBM production is not a simple straightforward production profile due to the combination of absorption and adsorption mechanisms for trapping the gas in and on the coal. Still, there has been enough time studying these effects now, and it should be well understood. The Company hasn’t met its production outlook, which is only partly in response to the difficult production characteristics of CBM. It is now time for management to devote all their time and efforts into sweating the assets. We will keep a watching brief on the Company’s progress over the year and monitor the Company’s performance. In this news: * Total Original Gas In Place of 25.2 Tcf on six blocks * Net 1P reserves increase 37% to 59 Bcf (2011: 43 Bcf) – 1P NPV 10 increase to US$ 324mn (2011: US$ 263mn) * Net 2P reserves increase 2% to 313 Bcf (2011: 307 Bcf) – 2P NPV 10 increase to US$ 1.82bn (2011: US$ 1.80bn) * Net 3P reserves decrease 0.2% to 2,508 Bcf (2011: 2,513 Bcf) – 3P NPV 10 increase to US$12.68bn (2011: US$ 12.61bn).

Think this is about to start moving up again !

Green Dragon 1P reserves up 37% 3 April 2013 | 08:16am StockMarketWire.com - Green Dragon Gas has revealed a 37% increase in 1P reserves to 59 bn cu ft with a net present value of $324m. Green Dragon - one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China - says the estimate was provided by independent reserve engineers Netherland Sewell & Associates. The estimates shows total original gas in place of 25.2 trn cu ft on six blocks at the end of December with net 2P reserves up 2% at 313 bn cut ft and an NPV of $1.82bn while net 3P reserves fell 0.2% to 2,508 bn cu ft but the NPV rose to $12.68bn (2011: $12.61bn). Chairman and founder Randeep Grewal said: "The rapid increase in 1P reserves significantly de-risks the substantial reserve and resource portfolio. "Our concentrated drilling program focussed on production resulting in the migration of reserves. Since 2006, we have yearly demonstrated significant migration of reserves and resources through a disciplined exploration and drilling program with tangible results. "These migrations are inclusive of the off-setting produced gas volumes. We continue to demonstrate an established, effective and commercially viable method of extracting gas at a time when gas demand and prices in China are rising rapidly. "With further drilling, we see an immediate path to a further exponential growth in production to meet our annualized exit production target of 18bn cu ft, which we expect to reach in 2014. "To achieve this exponential growth we are in discussions with institutions on a capital raise in the form of debt through a reserve based lending facility which is the best long term source of capital available to the company or alternatively a medium term bond. We are working hard to ensure that the cost of capital is demonstrative of the company's current developed reserves and niche market position."

Green Dragon Gas (GDG) has revealed a significant increase in proven coal bed methane reserves. In its annual reserves estimate, the China-focussed producer increased its proven reserves by 37 per cent to 59bn cubic feet – valued at $324m up from $263m a year ago. Proven and probable, or 2P reserves, increased 2 per cent to 313bn cubic feet.

GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") Reserves Update Significant 37% increase in 1P reserves to 59 Bcf with a net present value of US$ 324mn. Net present value of 3P reserves of US$ 12.68bn Green Dragon Gas, one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, is pleased to announce an increase in its estimated reserve volumes and values as at 31 December 2012, as provided by independent reserve engineers Netherland Sewell & Associates, Inc ("NSAI"). Reserves Highlights: · Total Original Gas In Place of 25.2 Tcf on six blocks · Net 1P reserves increase 37% to 59 Bcf (2011: 43 Bcf) - 1P NPV 10 increase to US$ 324mn (2011: US$ 263mn) · Net 2P reserves increase 2% to 313 Bcf (2011: 307 Bcf) - 2P NPV 10 increase to US$ 1.82bn (2011: US$ 1.80bn) · Net 3P reserves decrease 0.2% to 2,508 Bcf (2011: 2,513 Bcf) - 3P NPV 10 increase to US$12.68bn (2011: US$ 12.61bn) Randeep Grewal, Chairman and Founder of Green Dragon Gas, commented: "The rapid increase in 1P reserves significantly de-risks the substantial reserve and resource portfolio. Our concentrated drilling program focussed on production resulting in the migration of reserves. Since 2006, we have yearly demonstrated significant migration of reserves and resources through a disciplined exploration and drilling program with tangible results. These migrations are inclusive of the off-setting produced gas volumes. We continue to demonstrate an established, effective and commercially viable method of extracting gas at a time when gas demand and prices in China are rising rapidly. With further drilling, we see an immediate path to a further exponential growth in production to meet our annualized exit production target of 18 Bcf, which we expect to reach in 2014. To achieve this exponential growth we are in discussions with institutions on a capital raise in the form of debt through a reserve based lending facility which is the best long term source of capital available to the Company or alternatively a medium term bond. We are working hard to ensure that the cost of capital is demonstrative of the Company's current developed reserves and niche market position." Reserves Report Overview Green Dragon Gas has total Original Gas In Place of 25.2 Tcf on all blocks. The estimates and evaluation of the reserves and resources contained in this announcement were prepared by independent reserve engineers, NSAI. This is now way over sold and should give a great return with confirmation that GDG are back on track for 18Bfc

Its incorrect. Have a look at Edison research

Gap being filled. And why not at these prices !

We had 1.303m buys and 1.220 sells All will come good,just look at this as a further opportunity to top up.

Looking good for a bounce back now. Large purchases going through on L2

Been on my watch list for some time just been holding off to come in @60p. Should be good for 10-20% over the next month.

Thanks for the reply,it would be great to win the second unit as well.

We are flying !