Green Dragon Gas Ltd Report on Payments to Governments for 2015 (4506J)
09 September 2016 - 9:00PM
UK Regulatory
TIDMGDG
RNS Number : 4506J
Green Dragon Gas Ltd
09 September 2016
9 September 2016
GREEN DRAGON GAS LTD.
("Green Dragon" or the "Company")
Report on Payments to Governments for the year 2015
Green Dragon Gas Limited has prepared the following report in
respect of payments made to governments during the year ended 31
December 2015. The information is provided in accordance with the
Reports on Payments to Governments Regulations 2014 (2014/3209) and
DTR 4.3A of the Financial Conduct Authority's Disclosure and
Transparency Rules.
This report is available for download from:
www.greendragongas.com
Under the requirements of the DTR, payments to State Owned
Enterprises are classified as payments to Governments.
Contract Taxes Royalty Production Infrastructure Licence Total
counterparty/ (USD'000) (USD'000) entitlement cost fees (USD'000)
project (USD'000) (USD'000) (USD'000)
------------------ ----------- ----------- ------------- --------------- ----------- -----------
China National
Offshore
Oil Company
(CNOOC)
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Shizhuang
South (GSS) - - - - 247 247
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Shizhuang - - - - - -
North (GSN)
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Qinyan
(GQY) - - - - 85 85
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Panxie
East (GPX) - - - - 95 95
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Fengcheng
(GFC) - - - - 110 110
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Total CNOOC 537 537
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Contracts
with PetroChina
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Chengzhuang
(GCZ) 82 - - - 35 117
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Boatian-Qingshan
(GGZ) - - - - 146 146
------------------ ----------- ----------- ------------- --------------- ----------- -----------
Total PetroChina 181 263
------------------ ----------- ----------- ------------- --------------- ----------- -----------
TOTAL (ALL
PRC) - - - - 718 800
------------------ ----------- ----------- ------------- --------------- ----------- -----------
The contracts that Green Dragon Gas operates under do not
include provision for contract bonuses (signature, discovery,
production) nor are any dividends paid from ventures.
For further information on the Company and its activities,
please refer to the website at www.greendragongas.com or
contact:
Instinctif Partners
David Simonson / George Yeomans
Tel: +44 20 7457 2020
Citigroup
Tom Reid / Luke Spells
Tel: +44 20 7986 4000
Peel Hunt
Richard Crichton / Ross Allister
Tel: +44 20 7418 8900
About Green Dragon Gas
Green Dragon Gas is a leading independent gas producer with
operations in China and is listed on the main market of the London
Stock Exchange (LSE: GDG). The Company has 549Bcf of 2P reserves
and 2379Bcf of 3P reserves across eight production blocks covering
over 7,566km(2) of licence area in the Shanxi, Jiangxi, Anhui and
Guizhou provinces. It holds six Production Sharing Agreements with
strong, highly capitalised Chinese partners including CUCBM
(CNOOC), CNPC and PetroChina, and has infrastructure in place to
support multiple routes to monetise gas production.
END
This information is provided by RNS
The company news service from the London Stock Exchange
END
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