Chinese unconventional drilling specialist Greka Drilling has marked its second year of operational independence with strong monetary growth and plans to expand into India. Greka, which was spun out of China’s Green Dragon Gas and listed on London’s Alternative Investment Market in March 2011, paid off a $12.5 million working capital facility in full from [...]
Read moreGreka Drilling Limited, the largest independent and specialized unconventional gas, is recruiting in India. We are setting up in our drilling operation in India and plans to operate 10 Rigs by June 2013. With a further expansion plan of 20 Rigs in 2014. We will manage its deliverables through a well thought out matrix structure [...]
Read moreGreka Drilling Limited (“Greka Drilling” or the “Company”) Annual results for the year ended December 2012 Revenue increases 39%, meters drilled by 67% Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in China, is pleased to announce annual results for the year ended 31 December 2012. [...]
Read moreBEIJING, March 11 (Xinhua) — China will earmark more funds and roll out favorable policies to further exploit its coalbed methane reserves amid increased efforts to step up new energy exploration, the central government has said. The Chinese government will allocate more money from the central budget and encourage the inflow of private capital for [...]
Read more67% increase in meters drilled and 80% increase in wells drilled 2012 OPERATIONAL HIGHLIGHTS As announced on 11 December 2012, Greka Drilling signed a contract with Petro-king Oilfield Technology Ltd. – to drill 100 wells for Sinopec which will commence immediately following the Chinese New Year in the first quarter of 2013. Signed contract with [...]
Read moreOn January 24, 2012 during its Annual Awards and Installation of Officers, the Santa Maria Valley Boys and Girls Club paid tribute to the Grewal Family and Greka. The club Executive Director, Bill Libbon, told the audience how Greka has supported the club throughout the years. More than 10 years ago the Grewal family formed a relationship with the [...]
Read moreBy Darshini Shah | Mon, 21/01/2013 – 15:52 Greka Drilling (GDL) stock has been quite a performer over the past month, almost doubling in value. Interactive Investor finds out what’s behind this share price rise and whether there’s further to go. What Greka does The rise commenced when the company, on 28 December, announced that it had signed [...]
Read more16 January 2013 07:30 Dow Jones Newswire LONDON–Green Dragon Gas Ltd. (GDG.LN), a coal bed methane producer and distributor in China, Wednesday said it ended 2012 with production of 201,785 cubic meters of gas a day compared with 129,457 cubic meters a day at the end of December 2011, a 56% rise. MAIN FACTS: -Expects [...]
Read moreGreen Dragon Gas (LON:GDG) has beaten its production targets for 2012, producing 2.6 billion cubic feet per year (BCFPY) from its coal bed methane (CBM) operations in China. The CBM specialist said this was a rise of 55% compared with 2011 when annualised production came in at 1.7BCFPY. The company had said it was aiming [...]
Read moreGREEN DRAGON GAS LTD (“Green Dragon” or “the Company”) Operations Update Annualized 2012 year-end production 2.6 BcfPY, a 55% year on year increase Green Dragon Gas Ltd. (AIM: GDG), one of the largest independent companies involved in the production of CBM gas and the distribution and sale of wholesale gas in China, [...]
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