26th Nov 2007 07:00
Green Dragon Gas Ltd26 November 2007 26 November 2007 GREEN DRAGON GAS LTD. ("Green Dragon" or "the Company") MERRILL LYNCH INITIATES RESEARCH Green Dragon Gas Ltd. (AIM: GDG), the Chinese coal bed methane ("CBM") business,today announces that Merrill Lynch has released a CBM sector report and aresearch report on the Company titled "A green giant awakens". The analystinitiated research with a Buy recommendation and a price target of US$10.80 pershare. Both reports are available on the Company's website. Mr. Randeep S. Grewal, Chairman and CEO, comments, " The CBM sector report andresearch report on the Company highlight the significant growth potential forCBM in China and the Company's leadership position within this niche. We arepleased to see an institution like Merrill Lynch pick GDG as a leader within theChinese CBM industry". For further information on the Company and its activities, please refer to thewebsite at www.greendragongas.com or contact: Randeep Grewal Chairman and Chief Executive, Green Dragon Gas Ltd.+852 3710 0168 Tim Thompson/ Nick Melson/ Susannah Gale Buchanan Communications+ 44 (0)20 7466 5000 Dr Azhic Basirov/ David Jones Smith & Williamson Corporate Finance Limited+44 (0)20 7131 4000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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