waytogo333
03 Jul 2015
Annual Report Hang on, let me just dodge that tumbleweed thats heading my way..........Annual results were out on 10 June:We are pleased to have navigated through a difficult 2014 for Greka Drilling. While we were prepared for a robust drilling campaign, our contracted clients were, for reasons outside of Greka Drilling’s control, not in a position to mobilise the drilling campaigns. The Company had little alternative but to wait and we are delighted that in Q4 2014 the first well was spudded for Essar and 2015 has seen further wells drilled under the Essar contract and mobilisation of the 30 contracted LiFaBric wells for GDG. The lack of drilling during the course of 2014 is reflected in the lower turnover and widening losses.Similar to the China rig and personnel expansion during 2011/2012, we demonstrated in India a repeat capability to successfully launch a drilling service company from grassroots.Two hundred degree-educated engineers were selected, recruited, trained and tested to launch the first-ofits-kind drilling company in India. The new workforce was complemented by members of Greka Drilling’s experienced Chinese teams and led by seasoned Company drillingprofessionals. The new company in India was launched in Durgapur on 24 July 2014 and spudded its first well on 4 October 2014. The teams continue to drill wells with complete precision and are delivering wells to the client’s satisfaction on a monthly basis.Following two consecutive years of weakness, we are looking forward to a robust 2015. I am pleased to report that the year has started with increased activity levels and firm drilling mobilised orders such that we expect to significantly increase activity levels over 2014. As a service company the level of drilling activity is dependent upon factors outside of the Company’s control. Greka Drilling has the capability to deliver the contracted 130 well drilling programmes for our clientswithin 2015; however this will be dependent upon our clients’ own schedule and requirements.Greka Drilling’s performance, which is driven by contracts with its key clients, is less exposed to oil price volatility than the wider oil field service sector. Our clients’ businesses operateexclusively within a regulated gas market which is de-coupled from global oil price volatility. The regional nature of these regulated gas markets in China and India provide for a stable long term transparent view of government objectives within which our clients have planned their drilling campaigns. We expect these markets to continue their stable expansion and for our clients continued confidence to be reflected in their drilling campaigns. Greka Drilling has focused on these very gas markets as a matter of strategy.Hopefully a more profitable 2015 then.......
keepcalm
03 Jul 2015
Ian, Many thanks for the links. Now I can see why the SP has been hit ! I wonder why there was no RNS as this is sensitive info !
keepcalm
25 Jun 2015
looking forward to learning all at the AGM, and without news flow I can understand why folk are frustrated
keepcalm
23 Jun 2015
Immy, will you be at the AGM, I intend to attend and hope to meet you, Chris
keepcalm
23 Jun 2015
Good morning all the frustrated GDL LTH's, One thing I've learnt about GDL is that they are consistent in their lack of news flow. Looking forward to the AGM !
keepcalm
19 Jun 2015
The use of CBM is going to increase in China, as the major pollution is caused by the coal burning. The advantage GDL have is that the CBM is extracted in China, and the real plus is that water is extracted during the mining so its a win win position for GDL !
keepcalm
04 Jun 2015
Immy, what's your take on India? and for that matter China, no real news up dates for some time all the best Chris
keepcalm
01 Jun 2015
Scotlouie, I'll be at the £1 party, may have a wait although, this has got to move up wards sooner or later.
keepcalm
01 Jun 2015
Jeronimoo, are you a share holder ?? or just trying to get the price down !
keepcalm
21 May 2015
If RG can, its about time !
keepcalm
21 May 2015
Guru, If someone is willing to invest £40k+ that tells me that there is positive news coming GLA
BuyBAO
06 May 2015
Bought a few more today 
toofoo
06 May 2015
Re: GDL Stream Log LTH here too , no way I'm selling either, were back too where I bought in 4 + years ago , I just got quoted 8.88 to buy , I might have some more at these crazy discounts
keepcalm
06 May 2015
Really can't see the point of selling at a loss ! LTH, have held this long, surely can't be too long to wait for some decent news release.GLA
bushbat
29 Apr 2015
Green Dragon Gas confident of production build from Oilbarrel daily :Green Dragon Gas confident of production build in 2015[link]
