29th Oct 2013 09:46
29 October 2013
GREEN DRAGON GAS LTD
("Green Dragon" or the "Company")
Heads of Agreement with CNOOC
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.
Further announcements with regards to the progress of the HOA between Green Dragon and CNOOC will be made in due course, as appropriate.
For further information on the Company and its activities, please refer to the website at www.greendragongas.com or contact:
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 |
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