nterview we conducted with Eric Nuttall, CBM research analyst for Canada’s Sprott Asset Management, he estimated for each trillion cubic feet of gas, a company might anticipate a market capitalization as high as $1 billion. Most CBM Having been a previous director of Far East Energy, Tunaye Sai was able to develop his own connections in China. This led to his negotiating the Guizhou CBM concession in south central China – again another enormous block of 970 square kilometers – which was acquired by Canadian based AsiaCanada Energy. This became a wholly owned subsidiary of Pacific Asia China Energy, of which he serves as President and which began publicly trading on the Toronto Venture Exchange, this past January (TSX: PCE).

His concession was the first awarded to a Canadian company by the Chinese who had previously only dealt with U.S. and Australian-based companies. Since then, China has awarded concessions to three additional Canadian companies. Again, the potential gas content of these concessions is staggering. In the case of the Guizhou concession, it could conceivably host a high-case scenario of 11.2 trillion cubic feet of gas. In an interview we conducted with Eric Nuttall, CBM research analyst for Canada’s Sprott Asset Management, he estimated for each trillion cubic feet of gas, a company might anticipate a market capitalization as high as $1 billion. Most CBM c

re kilometers – which was acquired by Canadian based AsiaCanada Energy. This became a wholly owned subsidiary of Pacific Asia China Energy, of which he serves as President and which began publicly trading on the Toronto Venture Exchange, this past January (TSX: PCE).

His concession was the first awarded to a Canadian company by the Chinese who had previously only dealt with U.S. and Australian-based companies. Since then, China has awarded concessions to three additional Canadian companies. Again, the potential gas content of these concessions is staggering. In the case of the Guizhou concession, it could conceivably host a high-case scenario of 11.2 trillion cubic feet of gas. In an interview we conducted with Eric Nuttall, CBM research analyst for Canada’s Sprott Asset Management, he estimated for each trillion cubic feet of gas, a company might anticipate a market capitalization as high as $1 billion. Most CBM

nge, this past January (TSX: PCE).

His concession was the first awarded to a Canadian company by the Chinese who had previously only dealt with U.S. and Australian-based companies. Since then, China has awarded concessions to three additional Canadian companies. Again, the potential gas content of these concessions is staggering. In the case of the Guizhou concession, it could conceivably host a high-case scenario of 11.2 trillion cubic feet of gas. In an interview we conducted with Eric Nuttall, CBM research analyst for Canada’s Sprott Asset Management, he estimated for each trillion cubic feet of gas, a company might anticipate a market capitalization as high as $1 billion. Most CBM

ree additional Canadian companies. Again, the potential gas content of these concessions is staggering. In the case of the Guizhou concession, it could conceivably host a high-case scenario of 11.2 trillion cubic feet of gas. In an interview we conducted with Eric Nuttall, CBM research analyst for Canada’s Sprott Asset Management, he estimated for each trillion cubic feet of gas, a company might anticipate a market capitalization as high as $1 billion. Most CBM nterview we conducted with Eric Nuttall, CBM research analyst for Canada’s Sprott Asset Management, he estimated for each trillion cubic feet of gas, a company might anticipate a market capitalization as high as $1 billion. Most CBM companies developing prospects in China, such as Far East Energy and Pacific Asia China Energy, are likely to be somewhat discounted because of country risk.

Not so for Green Dragon Gas, which this past week listed on London’s AIM market (GDG), with a market capitalization of US$525 million. It placed just under six percent of its shares to raise $22 million. Green Dragon holds five production-sharing CBM contracts covering some 1.6 million acres in Fengcheng and Shizhuang provinces. It is estimated their holdings may host 16.6 trillion cubic feet of CBM gas. It appears the European investor is savvier to China’s prospects than those in North America. This was echoed during an interview with Pacific Asia China Energy executive vice president Steve Khan, who told us, “When we visit the London fund managers, they don’t have negative or a lesser view of China. They look at it as a great opportunity and they’re investi