Greka Express

Update – Robust Demand Backdrop

Edison Investment Research issue a Research Note on Greka Drilling Limited on 12th October 2012. Following the expansion of its rig fleet over the past year we believe Greka Drilling (GDL) is now comfortably the largest drilling services contractor in China’s unconventional gas sector. The company has put in place an operational structure to take [...]

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 [...]

Greka Management Brings a Well of Experience in the Energy Field

According to Edison Investment Research, Greka Drilling Limited (GDL) is arguably the leading vertically integrated natural gas independent operating inChina.  The top management of GDL has been drawn from Green Dragon Gas (from which Greka Drilling Limited was spun off) and has considerable technical and operational experience in the energy field.  The Chairman and CEO, [...]

Advantages of LiFaBriC Technology over Conventional CBM Drilling

Evolution Securities believes LiFaBriC technology has advantages over conventional CBM drilling: Longer laterals allow greater exposure to the coal seam; LiFaBriC does not require fracking of the coal, therefore it is cheaper; Gas production over time from LiFaBriC wells is more stable; LiFaBriC wells have a sump at the bottom of the vertical well providing space for [...]

Spinning Out, Ramping Up

According to Macquarie Equities Research, Greka Drilling has both the specialized drilling knowledge, and equipment, that has enabled its client,  Green Dragon Gas to unlock the potential of its coal bed methane (CBM) assets in China.  Through the application of  LiFaBriC , Greka Drilling has been able to successfully develop faulted CBM formations (common to China) [...]