Greka Drilling Limited Main Board Listing (2910E)

TIDMGDL

RNS Number : 2910E

Greka Drilling Limited

09 May 2013

9 May 2013

Greka Drilling Limited

("Greka Drilling" or the "Company")

Main Board Listing

Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in China, is pleased to announce that its Board has decided to pursue a listing on the Main Board of the Singapore Stock Exchange ("SGX") in addition to its existing quotation on London's AIM market. DBS Bank in Singapore has been appointed to advise Greka Drilling in respect of the SGX listing.

The Company is targeting admission to SGX later this year.

Mr. Randeep S. Grewal, Chairman and CEO, commented:

"Following the successful demerger from Green Dragon Gas in 2011, an addition of the 25 new rig fleet in 2012, the subsequent signing of Chinese third party contracts earlier this year, on-going negotiations for a wider pan-Asian business footprint and the relocation of Greka Drilling's corporate headquarters to Singapore this year, the timing is now right to add a Main Board SGX listing that will serve to complement our existing and continued listing in London and our wider growing shareholder base."

For further information on Greka Drilling, please refer to the website at www.grekadrilling.com or contact:

 
Stephen Hill, VP Corporate Communications 
 Greka Drilling Limited                     +852 3710 0108 
Dr Azhic Basirov / David Jones 
 Nomad 
 Smith & Williamson                         +44 20 7131 4000 
Steve Baldwin / Nicholas Harland 
 Broker 
 Macquarie Capital (Europe) Limited         +44 20 3037 2000 
Tan Jeh Wuan 
 Financial Adviser 
 DBS Bank - Singapore                       +65 6878 5353 
James Henderson / Nick Lambert / Rollo 
 Crichton-Stuart 
 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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