Greka Drilling Limited Further CNPC Contract
2013年6月20日 - 3:00PM
RNSニュース (英語)
TIDMGDL
Greka Drilling Limited
20 June 2013
20 June 2013
Greka Drilling Limited
("Greka Drilling" or the "Company")
CNPC Contracts Greka Drilling on Anze Project in Shanxi
Greka Drilling Limited (AIM: GDL), the largest independent and
specialized unconventional oil & gas driller in China, is
pleased to announce that it has reached an additional agreement
with China National Petroleum Corporation's ("CNPC") Huabei
Oilfield Company ("CNPC Huabei") for Greka Drilling's proven
drilling services. CNPC is China's largest state owned energy
enterprise and a controlling shareholder of PetroChina, amongst
others.
The Anze CBM Project in Shanxi is a newly developed area
established in 2013 which lies 55 km northwest of the Company's
base camp in Shizhuang South (GSS). The target coal seams are
between 1000-1400meters deep. The Project entails drilling 110
wells during this year which will be drilled by CNPC self owned
rigs and Greka Drilling. The planned wells will be vertical and
directional. Greka Drilling has already completed its first well
and is currently drilling the second. The first well was
successfully completed in 74% of the budgeted drilling days.
Randeep Grewal, Chairman and CEO of Greka Drilling
commented:
"We are delighted that CNPC has turned to Greka Drilling's
services once again. We look forward to becoming a standard service
provider to CNPC. The efficiencies we can provide through our
highly trained and skilled workforce, aligned with our modern
drilling fleet, are being recognised. The LiFaBriC well drilled for
CNPC that was successfully completed in April is being tested for
flow rates and once the results of these tests are completed it is
our belief that more of these wells will be commissioned. China's
aggressive targets for unconventional gas production in the 12th
5-year plan will be met if the focus by producers is on actual long
term stable gas production whilst balancing these goals with the
environmental benefits that LiFaBriC offers."
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
Steve Baldwin / Nicholas Harland
Broker
Macquarie Capital (Europe) +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
END
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