Greka China

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GREKA China Ltd., a subsidiary of Green Dragon Gas, a publicly listed company on the London Stock Exchange (Code: GDG), currently provides operational rights pursuant to production sharing contracts (PSC's) with China United Coal Bed Methane and Petro-China. Greka China is a vertically integrated business producing Upstream, Midstream, and Down Stream Coal Bed Methane (CBM) gas and distributes from these projects to customers in the form of Compressed Natural Gas (CNG) and pipeline in the form of Piped Natural Gas.[1]

GREKA China Ltd. was founded in 1992. In August 2009, Greka China Ltd. and ConocoPhillips reached an agreement on Production Sharing Contracts ('PSC') for development of surface-to-inseam wells at their Shizhuang South, Shizhuang North and Qinyuan PSC's. The agreement was intended to enhance the PSC development scale for the benefit of Greka through ConocoPhillips direct capital investment and provision resource experience.[2][3]

References

  1. ↑ www.greendragongas.com
  2. ↑ http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=36243813
  3. ↑ http://www.reuters.com/finance/stocks/keyDevelopments?symbol=GDG.L&pn=2

External links


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