Greka Drilling Limited Stmnt re Share Price Movement (5125Z)
2014年2月7日 - 4:00PM
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RNS Number : 5125Z
Greka Drilling Limited
07 February 2014
7 February 2014
Greka Drilling Limited
("Greka Drilling" or the "Company")
Share Price Movement
Greka Drilling Limited (AIM: GDL), the largest independent and
specialized unconventional oil & gas driller in Asia, has noted
the negative movement in the Company's share price. The Company
wishes to state that it is not aware of any reason for such
movement.
As already announced in the Company's Operations Update issued
on 23 January 2014, Greka Drilling has confirmed 180 drillable
wells in 2014 for blue chip customers in China and India, which
have an estimated total value of US$97 million.
Randeep S. Grewal, Chairman and CEO of Greka Drilling,
commented:
"Greka Drilling has had a fantastic start to 2014 with contract
wins and we begin the year in a stronger position than ever before.
By increasing our geographical spread to India we have de-risked
the business and have also grown our already healthy pipeline of
business. It is worth noting that our contract of 10 LiFaBriC wells
for GDG, which is worth US$15m, is the first of GDG's overall plan
to drill 150 of these specialised wells this year. As such, the
Company sees no reason for the decline of the share price given the
visibility of increased revenues for 2014."
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
James Henderson / Rollo Crichton-Stuart
Investor Relations
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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