Last $0.22 USD
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09/18/13 - $0.32
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03/21/14 - $0.22
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greka drilling ltd-di (GKDLF) Details

Greka Drilling Limited, an investment holding company, provides coal bed methane drilling services in the Peoples Republic of China. It owns and operates a fleet of 32 rigs. The company was founded in 2007 and is headquartered in Zhengzhou, the Peoples Republic of China.

665 Employees
Last Reported Date: 03/8/13
Founded in 2007

greka drilling ltd-di (GKDLF) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $600.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $89.0K
Compensation as of Fiscal Year 2012.

greka drilling ltd-di (GKDLF) Key Developments

Green Dragon Gas Ltd. Makes an Initial Order for Greka Drilling Limited to Drill 10 LiFaBriC Wells

Green Dragon Gas Ltd. announced that, as part of its overall plan to drill 150 LiFaBriC wells in 2014, it has made an initial order for Greka Drilling Limited to drill 10 LiFaBriC wells.  The estimated value of the order is approximately USD 15 million and will involve 5 rigs being mobilized in February 2014, after the Chinese New Year.

Greka Drilling Limited Signs Contract with Essar Oil Limited (Essar)

Greka Drilling Limited announced that it has signed a contract with Essar Oil Limited (Essar). The company is to provide turnkey and allied services to Essar in India, and is contracted to drill 100 wells with the contract value estimated at around $65 million. The contract is expected to be completed by the end of 2014. The company plans to relocate 5 GD75 rigs from its current fleet in China to meet the client's desire to expeditiously start their drilling program. The current program is to drill a combination of vertical, directional and LiFaBriC wells at the client's election. Drilling operations are expected to start in the second quarter of 2014 subject to various pre-mobilization requirements being completed with the client prior to yearend. This continuous drilling program is to be implemented in Essar's Raniganj block in West Bengal, Block RG (East).

Greka Drilling Limited Announces Operating Results for the Third Quarter Ended September 30, 2013

Greka Drilling Limited announced operating results for the third quarter ended September 30, 2013. For the quarter, the company reported 13 wells drilled in third quarter, 26 wells drilled in first half of 2013. 13,412 meters drilled in third quarter of 2013 and 36,347 meters drilled in first half of 2013. Vertical wells averaging  12.2 drilling days against 29.1 days in the same period in 2012· A  Horizontal well took  48.4 drilling days in third quarter of 2013 against 84.2 days in the same period in 2012. Directional wells averaging 24 drilling days against no directional wells drilled in the same period in 2012.


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