29 Oct 2013 09:46

29 October 2013
Â
GREEN DRAGON GAS LTD
("Green Dragon" or the "Company")
Â
 Heads of Agreement with CNOOC
Â
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, following the announcement made on 8 October 2013 in relation to the drilling activities by third parties across the Company's PSC blocks, that it has entered into a non-binding Heads of Agreement (HOA) with Overseas Oil and Gas Corporation, Ltd, a subsidiary of China National Offshore Oil Corporation (CNOOC) regarding a potential transaction between the two companies.
Â
Further announcements with regards to the progress of the HOA between Green Dragon and CNOOC will be made in due course, as appropriate.
Â
Â
For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:
Â
Stephen Hill, VP Corporate Communications Green Dragon Gas  | +852 3710 0108 |
Dr Azhic Basirov / David Jones Smith & Williamson - Nominated Adviser & Broker  | +44 20 7131 4000 |
Steve Baldwin / Nicholas Harland Macquarie Capital (Europe) Limited - Broker  | +44 20 3037 2000 |
Richard Crichton / Andy Crossley Peel Hunt - Broker  | +44 20 7418 8900 |
James Henderson / Phillip Dennis Pelham Bell Pottinger - Investor Relations  | +44 20 7861 3232 |
Â