31st May 2007 14:24
Green Dragon Gas Ltd31 May 2007 GREEN DRAGON GAS LTD. ("Green Dragon Gas" or "the Company") Chairman and CEO presents at 4th China Investment Forum Green Dragon Gas's Chairman and CEO, Randeep Grewal is speaking at The 4thAnnual China Investment Forum, May 31 - June 1, 2007 being held at Grand Hyatt,New York. The China Investment Forum, in its 4th year, provides institutionalinvestors a gateway to invest in leading Chinese companies. The discussion willhighlight the role of alternate energy in meeting the needs of Chinese energydemand and how investors can capitalize in the growth expectation of ChinaEnergy's demands. Green Dragon Gas is a vertically integrated gas company focused on developingCoal Bed Methane (CBM) in China. The Company controls 6,620 sqkm CBM acreagecollectively in Anhui, Jiangxi and Shanxi provinces in China, which make it onethe largest foreign operators. Through its five Production Sharing Contracts(PSC), the Company holds working interests in 5 blocks, with an estimated 18TCFof Gas-In-Place (Netherland Sewell & Associates, Inc. May 2007). As Mr David Yip, research analyst at Merrill Lynch, comments in his researchreport on Green Dragon Gas (dated 28 May 2007): "In our view, CBM will play a big part in shaping China's energy future. Higherenergy prices and threat of global warming will make cleaner and cheaper gassources increasingly attractive, albeit the CBM industry is at an embryonicstage in China in terms of investment and existing capacity." The Merrill Lynch Research Report is available on the Company's website atwww.greendragongas.com. For further information on the Company and its activities, please refer to thewebsite at www.greendragongas.com or contact: Randeep GrewalChairman and Chief Executive Officer, Green Dragon Gas Ltd.+852 3710 0168 Tim Thompson/ Nick MelsonBuchanan Communications+ 44 (0)20 7466 5000 Dr Azhic Basirov/ David JonesSmith & Williamson Corporate Finance Limited+44 (0)20 7131 4000 31 May 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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