Green Dragon Gas Ltd. announced that, as part of its previously stated plan to drill 150 wells at Greka Shizhuang South production block (GSS), it has placed a new work order with Greka Drilling Limited, under the companies' evergreen contract, to drill an initial 30 LiFaBriC wells. The estimated value of the order is approximately USD 45 million. Green Dragon continues to work on drilling plans, permits and locations for the additional wells to be funded by the November 2014 Bond Issue proceeds, and will provide a further update on these following the conclusion of the current order.