Greka Group confident about its prospects in China

Global coalbed methane company Greka Group said it is optimistic about its business prospects in China.

As a world leader in coalbed methane development through its London-listed subsidiary Green Dragon Gas, Greka now operates eight coalbed methane blocks across China, covering nearly 7,600 square kilometers.

"We were glad to see one of the blocks we operate in cooperation with China National Petroleum Corp become profitable in 2010, and another block we operate with China National Offshore Oil Corp became profitable five years later, after years of dedication," said Greka Group Chairman and CEO Randeep S. Grewal.