China-focused junior Green Dragon Gas reported Monday that it was on target to achieve its 2015 year-end production objective of 12 billion cubic feet of gas.
Reporting an operations update. Green Dragon said its production for 2014 was unchanged over the previous year at 8.2 billion cubic feet.
The firm completed 10 wells using the LiFaBriC (lined inseam faulted brittle coals) drilling technology during 2014. For 2015, it plans to drill further exploration wells across all eight of its blocks onshore China.
Green Dragon Chairman Randeep S. Grewal commented in a company statement:
"2014 was a milestone year for Green Dragon. Following the execution of very constructive and lucrative agreements with all our partners in the first half, the latter part of the year was productively focused on our operations. The combined management teams of Green Dragon and our partners are working closely together and sharing extensive technical information to the benefit of all parties.
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