Analyst Research Report Snapshot

Title:

GREKA DRILLING - POSITIVE OUTLOOK

Price:

$10.00

Provider:

Edison Investment Research

Date:

03 Nov 2011

Pages:

9

Type:

AcrobatPDF

Companies referenced:

GDL.L

Available for Immediate Download
Summary:

Greka Drilling’s (GDL) major rig fleet expansion announced last April is now well underway. By virtue of its innovative technology and prospective rig fleet, GDL is evolving as the leading drilling contractor for the unconventional gas sector in China. Its business backdrop remains exceptionally well underpinned by Green Dragon Gas’s (GDG) coal bed methane development programme and the Chinese government’s plans to boost gas production. This is independent of any conceivable Chinese economic slowdown in 2012. Earnings should surge in 2012 as the new rig fleet comes fully on-stream.

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