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Green Dragon Gas relaunches as G3 Exploration

".... we are confident that the true value of our asset base will be realised," said Randeep Grewal, founder and chairman

oil and gas operations
Along with the name change, the company’s stock market symbol changes to G3E

The Chinese gas company formerly known as Green Dragon Gas Ltd (LON:GDG) has confirmed its name change today comes into effect, with trading getting underway under the new moniker of G3 Exploration Limited.

Along with the name change, the company’s stock market symbol changes to G3E.

READ: Green Dragon Gas to split, production business set to IPO in Hong Kong

"As we close one chapter to make room for new opportunities that are in the best interest of our shareholders, we would like to thank our shareholders for their continued support over the years,” said Randeep Grewal, founder and chairman.

“With our focus towards the development of G3 Exploration's remaining vast acreage combined with exploration opportunities in new geographies and the Hong Kong listing, we are confident that the true value of our asset base will be realised."

READ: Green Dragon Gas extends debt maturities as it works towards Hong Kong IPO

It comes as the company is being reshaped, with certain producing assets being split-out.

Quick facts: G3 Exploration Ltd

Price: 11.1 GBX

LSE:G3E
Market: LSE
Market Cap: £17.32 m
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