G3 Exploration Limited Announcement of Suspension (2330U)
21 Novembre 2019 - 12:15PM
UK Regulatory
TIDMG3E
RNS Number : 2330U
G3 Exploration Limited
21 November 2019
21 November 2019
G3 EXPLORATION LTD.
("G3 Exploration", "G3E" or the "Company")
Announcement of suspension of Trading
On 19 November, Nordic Trustees AS ("Nordic") presented a
petition in the Grand Court of the Cayman Islands and the
appointment of joint official liquidators of the Company which is
to be heard on 11 December 2019.
Pending the hearing of Nordic's petition, trading in the
Company's shares has now been suspended at the request of the
Company.
About G3 Exploration Ltd.
G3E is a leading independent gas producer with operations in
China and is listed on the main market of the London Stock Exchange
(LSE: G3E). The Company has 409 Bcf of 2P reserves and 2,085 BCF of
3P reserves across eight production blocks covering over 7,566km(2)
of license area in the Shanxi, Jiangxi, Anhui and Guizhou
provinces. It holds six Production Sharing Agreements with strong,
highly capitalised Chinese partners including CNOOC, CNPC and
PetroChina, and has infrastructure in place to support multiple
routes to monetise gas production.
The company is committed to an exploration and appraisal focused
business plan in coal bed methane development across three
geographies concurrently. It has a well-established track record
and has demonstrated perseverance in going the distance to monetise
shareholder value through three basic principles:
-- Focus on core intellectual aptitude in developing coal bed methane
-- Develop assets in an environmentally and socially prudent manner
-- Protect accreted shareholder value
-END-
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFFLFLKFFBFBK
(END) Dow Jones Newswires
November 21, 2019 06:15 ET (11:15 GMT)
Grafico Azioni G3 Exploration (AQSE:G3E.GB)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni G3 Exploration (AQSE:G3E.GB)
Storico
Da Dic 2023 a Dic 2024
Notizie in Tempo Reale relative a G3 Exploration Limited (Aquis Stock Exchange): 0 articoli recenti
Più G3 EXPLORATION LIMITED Articoli Notizie