Admission to AIM (4895C)

TIDMGDL

RNS Number : 4895C

Greka Drilling Limited

08 March 2011

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER FOR SALE OR AN INVITATION TO SUBSCRIBE FOR, OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR, GREKA DRILLING SHARES OR GREEN DRAGON SHARES IN ANY JURISDICTION WHERE SUCH AN OFFER OR SOLICITATION IS UNLAWFUL AND, SUBJECT TO CERTAIN EXCEPTIONS, IS NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA. THE GREKA DRILLING SHARES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933 (AS AMENDED) OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES OR UNDER THE APPLICABLE SECURITIES LAWS OF CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA AND, SUBJECT TO CERTAIN EXCEPTIONS, MAY NOT BE OFFERED FOR SALE OR SUBSCRIPTION, OR SOLD OR SUBSCRIBED DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA OR TO OR BY ANY NATIONAL, RESIDENT OR CITIZEN OF SUCH COUNTRIES.

THE DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. ACCORDINGLY, NEITHER THIS ANNOUNCEMENT NOR ANY ADVERTISEMENT OR ANY OTHER OFFERING MATERIAL MAY BE DISTRIBUTED OR PUBLISHED IN ANY JURISDICTION EXCEPT IN COMPLIANCE WITH ANY APPLICABLE LAWS OR REGULATIONS. PERSONS OUTSIDE THE UNITED KINGDOM INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES SHOULD INFORM THEMSELVES ABOUT AND OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY SUCH JURISDICTIONS.

8 March 2011

GREKA DRILLING LIMITED

("Greka Drilling" or "the Company")

Admission to AIM

The Board of Greka Drilling Limited (AIM:GDL), one of the leading independent companies involved in the provision of CBM drilling services in China, is pleased to announce that, following the approval of the Demerger at the EGM of Green Dragon held yesterday, trading in Greka Drilling Shares is expected to commence on AIM at 8.00 a.m. today.

The Demerger Dividend involves the distribution of 398,245,758 Ordinary Shares (representing 100% of Greka Drilling's issued Ordinary Shares) to Green Dragon Shareholders. CREST accounts of Green Dragon Shareholders will be credited with Greka Drilling Shares at 8.00 a.m. today and share certificates are expected to be despatched to Green Dragon Shareholders who hold their shares in certificated form by 15 March 2011.

Certain capitalised terms in this announcement are as defined in the Greka Drilling admission document dated 16 February 2011. For further information on Greka Drilling, please refer to the website at www.grekadrilling.com or contact:

 
 Stephen Hill, VP Corporate Communications 
  Greka Drilling                                +852 3710 0108 
 Dr Azhic Basirov / David Jones 
  Nomad 
  Smith & Williamson                          +44 20 7131 4000 
 Robert Collins / Tim Redfern/ 
  Anu Tayal 
  Broker 
  Evolution Securities                        +44 20 7071 4312 
 Paul Connolly / John Dwyer / Steve 
  Baldwin 
  Broker 
  Macquarie Capital (Europe) Limited          +44 20 3037 2000 
 James Henderson / Nick Lambert 
  Investor Relations 
  Pelham Bell Pottinger                       +44 20 7861 3232

This information is provided by RNS

The company news service from the London Stock Exchange

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