IOMRON, It's about time that GDL got their act together, I'm expecting a far better news flow, as GDL have had the time and resources to get the 30 well programme on tract. GLA
Greka CanÂ’t Burn Your Long Portfolio NOVEMBER 18, 2015 BY CASEY MCCARTHY IN NOTABLE STOCK NEWS Greka Drilling Ltd Cant Burn Your Long Portfolio. Has Another Strong Session The stock of Greka Drilling Ltd (LON:GDL) is a huge mover today! The stock increased 2.61% or GBX 0.14 on November 17, hitting GBX 5.5. About 75,675 shares traded hands. Greka Drilling Ltd (LON:GDL) has declined 41.05% since April 20, 2015 and is downtrending. It has underperformed by 38.52% the S&P500.The move comes after 8 months positive chart setup for the GBX 21.86 million company. It was reported on Nov, 18 by Barchart.com. We have GBX 12.05 PT which if reached, will make LON:GDL worth GBX 26.01 million more.Greka Drilling Limited is a holding company. The company has a market cap of 21.86 million GBP. The Firm is an gas and oil drilling company. It currently has negative earnings. The Company, through its subsidiary, Greka CBM Technical Services Co.
hello Skooby, good to hear from you. You are spot on, and may GDL be the provider and lets have some good news flow too. GLA Chris
Half Year results Shows how long it is since I last 'checked in', that I'm only now just seeing the H1 results...............Not sure if the results are what was quoted as expecting to be 'robust', by the chairman at the end of year results. An improvement on 2014, but still in loss unfortunately.I thought that as Greka's drills were predominantly gas plays in a controlled economic environment, that we wouldn't be seeing deferral of drilling (in India), but hey ho...Onwards and upwards to the next end of year results I suppose.GLA.....we may have our day eventually.....perhaps in 2016
James, I seem to recall at the AGM...news forthcoming in September, and Rollo for sure will not have any news !
Hi Skooby, hope all well with you...I'm trying to free up funds, as at this price I'd be well able to average down on my holding. Best regards Chris
buy @ 6.55 ?
Herbie, I shared your opinion before the AGM, which I attended and now disagree with this suggestion. RG came across as a strictly non BS person. I'm sure that planning would be granted in the UK if drilled by GDL as it does not use chemicals and produced water as a by product. I suggest that we could well see GDL drilling in the UK and then watch the publicity machine take off
One important point: all rigs are 100% fit for purpose and all spuds are to date 100% successful. The IP is proven and clean.
Good meeting Immyspecial & Skooby and the other PI's at the AGM today. I asked RG if he had any intension of taking GDL private and he confirmed NO! From the info given at the meeting I am now aware of the actual position in India, the Gas price has been halved, Essr stopped the drilling, makes sense. Am I'm going to sell at a loss, NO Way. I'm sitting tight as the gas price can only go up. GDL are fully funded and rigs all paid for. Sitting tight for the sun to come out GLA LTH Regards Chris
Immy, are you attending the AGM?
more questions ! for the AGM next Friday
Immy, are you attending the AGM ? 24th July Regards Chris
Fregatar, RG owns +60% of GDL ! see you at the AGM
I'll be attending. Regards Chris