Executive Interview – Green Dragon Gas

Published on 5 May 2017

In this interview CEO, Randeep Grewal, talks about the challenges and milestones for the year ahead. We were encouraged by the CNPC approval and submission of the GCZ CBM Block overall development plan (ODP) in April. Execution of supplementary agreements and GSS ODP submission would provide an incremental reserve base for GDG to leverage in order to refinance outstanding bonds and fund further drilling activity. With regard to funding GDG states that it has multiple term sheets for mezzanine and RBL funding on hand which should enable the company to re-finance upcoming debt commitments. Our research looks at GDG under a range of scenarios, including an un-funded minimal-capex case, and a base case which assumes access to RBL funding in 2017.

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