TheUK-listed, China-based outfit said that the reserves evaluated by NetherlandSewell & Associates held a net asset value of $12.68 billion.
GreenDragon Gas founder and chairman Randeep Grewal said that the explorer had succeededin converting resources into reserves with a “concentrated drilling programme focusedon production”.
“Wecontinue to demonstrate an established, effective and commercially viablemethod of extracting gas at a time when gas demand and prices in China arerising rapidly,” Grewal commented.
