G3 Exploration Limited Suspension of Listing (2036C)
15 10월 2020 - 6:25PM
UK Regulatory
TIDMG3E
RNS Number : 2036C
G3 Exploration Limited
15 October 2020
15 October, 2020
G3 EXPLORATION LTD.
("G3 Exploration", "G3E" or the "Company")
Suspension of Listing
Effective immediately, the trading of shares in the Company
shall be suspended.
Due to the Covid-19 travel restrictions to China, the Company
auditors have been unable to conclude the annual accounts till
date. As a result, under the required Listing Rules, the Company
has requested the suspension of its listing until such time that
the accounts can be published. When such accounts can be audited
and published, the Company will request the exchange to continue
the trading of its shares.
About G3 Exploration Ltd.
G3E is a leading independent gas developer with operations in
China and is listed on the main market of the London Stock Exchange
(LSE: G3E). The Company 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 demonstrated expertise in gas monetisation 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
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(END) Dow Jones Newswires
October 15, 2020 05:25 ET (09:25 GMT)
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