Date: October 19, 2011

Edison Investment Research issue an update Research note on Greka Drilling Ltd on 13th October 2011. Report Highlights includes :-

1. Rig Fleet Expansion : Delivery underway

2. H111 performance : Solidly profitable

3. Balance Sheet : Excellence shape

4. Valuation : Scope for upside

For a full version of the Research Report please email Peter J Dupot or Ian McLelland at oilandgas@edisoninvestmentresearch.co.uk