G3 Exploration Ltd - Corporate Update
4 May, 2020
Commencing on 30th April, 2020, the producing assets in the GSS gas field have been suspended at the direction of the Receivers, also acting as Directors of
The impact has caused some villages and its citizens to be without gas and electricity supply prompting the town government to become involved. The town government requires the production and supply to local consumers be restored as soon as possible.
The JPL's and the Company continue to be committed to support the re-financing or asset sales completed so as to pay off the debt outstanding to GIC and Nordic Bond Holders.
Timely updates on actions taken shall be provided in due course"
G3E is a leading independent gas developer with operations in
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
This information is provided by RNS, the news service of the
Quick facts: G3 Exploration Ltd
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