viewG3 Exploration Ltd

G3 Exploration Ltd - Suspension of Listing

RNS Number : 2036C
G3 Exploration Limited
15 October 2020

15 October, 2020








("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 7,566km² 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

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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

Quick facts: G3 Exploration Ltd

Price: -

Market: LSE
Market Cap: -

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


2 min read