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  2. Share Prices
  3. G3 Exploration Share Price
  4. G3 Exploration Share Regulatory News
  5. Report on Payments to Governments for 2018

Pin to quick picksG3 Exploration Regulatory News (G3E)

G3 Exploration Information
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Share Price Information for G3 Exploration (G3E)

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Report on Payments to Governments for 2018

10 Jul 2019 07:00

RNS Number : 0524F
G3 Exploration Limited
10 July 2019
 

10 July 2019

G3 EXPLORATION LTD.

("G3 Exploration", "G3E" or the "Company") 

 

Report on Payments to Governments for the year 2018

 

G3 Exploration Ltd. (LSE: G3E) has prepared the following report in respect of payments made to governments during the year ended 31 December 2018. The information is provided in accordance with the Reports on Payments to Governments Regulations 2014 (2014/3209) and DTR 4.3A of the Financial Conduct Authority's Disclosure and Transparency Rules.

This report is available for download from: http://www.g3-ex.com 

Under the requirements of the DTR, payments to State Owned Enterprises are classified as payments to Governments.

Contract counterparty/ project

Taxes

Social Insurance

Royalty

Production entitlement

 Infrastructure cost

Licence fees

Total

(USD'000)

(USD'000)

(USD'000)

(USD'000)

 (USD'000)

(USD'000)

(USD'000)

China National Offshore Oil Company (CNOOC)

Shizhuang South (GSS)

493

41

 -

 -

40

-

574

Shizhuang North (GSN)

 -

 -

 -

 -

 -

-

-

Qinyan (GQY)

 -

 -

 -

 -

 -

-

-

Panxie East (GPX)

 -

 -

 -

 -

 -

-

-

Fengcheng (GFC)

 -

 -

 -

 -

 -

-

-

Total CNOOC

493

41

-

-

40

-

574

Contracts with PetroChina

Chengzhuang (GCZ)

958

 -

 -

 -

 -

 -

958

Boatian-Qingshan (GGZ)

30

2

 -

 -

 -

 -

32

Total PetroChina

988

2

-

-

-

-

990

TOTAL (ALL PRC)

1,481

43

-

-

40

-

1,564

 

The contracts that G3E operates under do not include provision for contract bonuses (signature, discovery, production) nor are any dividends paid from ventures.

For further information on the Company and its activities, please refer to the website at www.g3-ex.com or contact:

G3 Exploration Ltd

Randeep S. Grewal, Chairman and CEO

G3E@greka.com

VSA Capital Limited (Financial Adviser and Corporate Broker)

Andrew Monk (Corporate Broking)

+44 (0) 20 3005 5000

Andrew Raca (Corporate Finance)

G3E@vsacapital.com

Yellow Jersey PR Limited

Tim Thompson

+44 (0) 20 3004 9512

Harriet Jackson

G3E@yellowjerseypr.com

Henry Wilkinson

 

About G3 Exploration Ltd.

G3E is a leading independent gas producer with operations in China and is listed on the main market of the London Stock Exchange (LSE: G3E). The Company has 377 Bcf of 2P reserves and 2,044 BCF of 3P reserves across eight production blocks covering over 7,566km² of license area in the Shanxi, Jiangxi, Anhui and Guizhou provinces. It holds six Production Sharing Agreements with strong, highly capitalised Chinese partners including CNOOC, CNPC and PetroChina, and has infrastructure in place to support multiple routes to monetise gas production.

The company is committed to an exploration and appraisal focused business plan in coal bed methane development across three geographies concurrently. It has a well-established track record and has demonstrated perseverance in going the distance to monetise shareholder value through three basic principles:

· Focus on core intellectual aptitude in developing coal bed methane

· Develop assets in an environmentally and socially prudent manner

· Protect accreted shareholder value

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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13th Dec 201012:01 pmRNSExercise of Options
3rd Dec 20101:25 pmRNSDirector/PDMR Shareholding
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31st Aug 201011:45 amRNSChange of Broker
27th Aug 201012:48 pmRNSNotification of Interim Results
9th Jun 20102:20 pmRNSConvertible Bond
9th Jun 201011:31 amRNSDirector/PDMR Shareholding
8th Jun 20103:29 pmRNSConvertible Bond
17th May 201010:54 amRNSResult of AGM
23rd Apr 20107:00 amRNSAGM Notice/Posting Accounts/Registered Office
22nd Mar 20107:00 amRNSFinal Results
8th Mar 201012:18 pmRNSNotice of Results
16th Feb 20107:00 amRNSReserves Upgrade and Operations Update
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