Member Info for Themerlin

Does anyone know the rig cost and GP and what the likelihood of the option being taken up on the second ?

The news just gets better and better and with the golden cross approaching the tech guys will be all over this. This will make 40% by the summer no problems.

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Think we will see buyers returning today.

Big buys coming in 2 x £132k looks like things are about to start moving again with promising 2012 numbers I think this has all the signs of a good upwards tick.

Looks like so activity at last !

This is where it all started from and I believe GDG will also have a good run in 2013 with strong end of year numbers. Good luck to you.

That should of read Transformational !

Well the cats out the bag now and I agree very impressive valuation. I think next year is going to be a transforming year for both GDG and GDL

I think on reflection I was being a little too optimistic with regards to time. It will not be until January when they give the Q4 numbers that all will sit up and take notice that they are making such strong progress. Good luck to you.

It will be coming for sure,up 50% by year end IMO

Daily sales at the CNG retail station network totaled 3.88 MMcf (110,000 cubic meters/day) at 31 October 2012, a 60% increase from 30 June 2012. 10 MW Caterpillar power station is fully commissioned and can act as a peak load power plant, on demand. The power station uses a maximum of 0.8 BCFPY (21.9 million cubic meters). Year-to-date gas sales volume at BHY (Beijing Huayou) increased to 9.64 Bcf (273.2 million cubic meters) from 9.35 Bcf (265.1 million cubic meters) for the same period in 2011 Technology Technology division has 9 registered design and 4 patents covering dispensers, compressors and software. A further 5 patents have been applied for in the period to 31October 2012. Randeep Grewal, Founder & Chairman of Green Dragon Gas, commented: “These are exciting times. It is truly rewarding to see over 15 years of hard work come to bear fruit. The many years of diligent infrastructure planning, concurrent with the difficult exploration years, has started to show its returns. Our IPF has three available sales channels: CNG, PNG and Power. These multiple sales channels provide maximum flexibility to the Company to capitalise on the very lucrative gas demand in China without a dependency on any single channel. Importantly, in advance of the key period of expected production growth, we have executed a plan capable of delivering cash to the bottom line through multiple gas sales channels with a capacity that exceeds our production target of 18 BCFPY, through diligence and design.”

Operations Update Gas Production Rate Rises 16%, Annual Sales Capacity Built to 16 Bcf 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 an operations update to 31 October 2012. Upstream · Proven LiFaBriC methodology for the Company’s production block at Shizhuang South (“GSS”) in Shanxi province continues to perform well and in line with previously announced targets and results. Up to and including 31 October, the Company has 49 LiFaBriC wells at GSS, representing a 145% increase on the number a year earlier and a 96% increase on the number at 30 June 2012. Across the other exploration blocks Green Dragon now has 9 LiFaBriC wells taking the total number of LiFaBriC wells across all blocks to 58, an increase of 123% on the number a year earlier. The recently accepted LiFaBriC wells are in various stages of being brought into production. Exit annualized production of 1.952 BCFPY (151,000 cubic meters/day) at the 31 October 2012 compares with an exit annualized rate at the end of June 2012 of 1.668 BCFPY (129,457 cubic meters/day), a 16% increase. Casing pressures in the most recently accepted wells continue to build and we target year end exit annualized production of approximately 2.5 BCFPY (200,000 cubic meters/day). Midstream Trial gas distribution commenced through our self built, piped natural gas (“PNG”) pipeline on 4 October 2012. The 9.4 km pipeline, built and owned by the Company, connects GDG’s existing integrated production facility (“IPF”) to the Petro China West-East Gas Pipeline. The initial designed annual operating capacity of the Company’s pipeline is 6.42 BCFPY (500,000 cubic meters/day). This can be increased to 12.88 BCFPY (1 million cubic meters/day) from the initial operating capacity to its maximum allowable. 6 leased trucks and trailers were added for the distribution of gas production. This is in addition to the existing Company-owned fleet of 5 trucks and 10 trailers. Downstream PNG pipeline sales from the IPF in Shanxi to the West-East Gas Pipeline continue to be tested. Average daily sales through the pipeline to 31 October 2012 were 2 MMcf (58,621 cubic meters). Green Dragon continues to test sales through the pipeline. 8 fully operational retail CNG stations are expected by the end of the year. These stations will provide annual gas distribution capacity of 2 BCFPY (58.4 million cubic meters). Additional 20 retail CNG stations received all the required permits and, as per plan, will be launched concurrently with the upstream gas production increases. These additional stations will add 5.2 BCFPY (146 million cubic meters) in annual gas sales capacity. ·

I see on their web they say mid Nov so plenty of time to take positions. Good luck

Do you know the date of the results and time ? Have you placed a short on this to cover any long position ?

I have been watching for some time and thought I would buy at 75p but now unsure if this is closes enough to the floor reading further posts. Please could anyone advise of the results time and date. I would like to think most of the bad news is factored in the SP but we are in a strange world today !

This will be 75p before £1.00p imo

Evening Standard says Pell Hunt likes new BG boss on GDG board and gives a short term tgt of 579 p that up 130% from todays sp. Time to top up again imo.

You are now looking at 245-250p

3 October 2012 GREEN DRAGON GAS LTD ("Green Dragon" or "the Company") Change in share trading currency 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, announces that as of 8:00 a.m. on 8 October 2012, the currency in which the Company's ordinary shares of US$0.0001 each (the "Ordinary Shares") trade on AIM will change from US Dollars to Sterling. Shareholders should note that the nominal value of the Ordinary Shares, being US$0.0001 each, will not be affected by this change. However from 8:00 a.m. on 8 October 2012, trades on AIM in the Company's Ordinary Shares will be settled in Sterling.