Greka Drilling Share Discussion Threads

[neverlooseapenny] 02/10/2014 12:34

Goldfever how much you losing honest. I'll give you a fiver for your pile of junk shares. At tops £5.99

[guru121] 02/10/2014 00:18

Gentlemen,Essar order implementation was delayed but
"Mobilization began with 5 GD75 rigs and related tools and equipment have arrived in India to execute the Essar Oil contract."R Grewal

This is the v.beginning of the Essar order which the market wanted to see.I believe we should be getting another Rns soon.Greka Drilling has excellent prospects and we know that.delays with GDG,court order,teething problems of a growth company which more or less have been resolved but resulted in delays thus a decline in our stock value.The time is now to invest in Greka Drilling.Let's also not forget,our biggest shareholder is Randeep Grewal himself possessing 264,919,233 shares worth almost £23,511,582.Atb:)

[guru121] 02/10/2014 00:08

"Whilst mobilization orders have been slower than anticipated, the Company is pleased that we have seen forward momentum on two of our main contracts. The US$65 million contract for Essar Oil in India is now UNDERWAY and the first two rigs are READY to SPUD the first wells shortly. Additionally, the first two LiFaBriC wells for Green Dragon Gas were completed and we have recently been mobilized to FINISH the balance EIGHT of the ten LiFaBriC well program in China. As such, we look forward to these revenues becoming visible within the next reporting period.

[goldfeverthrush] 01/10/2014 17:27

Name Shares %Randeep Singh Grewal 264,919,233 66.5%BlackRock Investment Management (UK) Ltd. 35,830,134 9.00%Richard Chandler Pte Ltd. 17,274,985 4.34%Aberdeen International Fund Managers Ltd. 5,564,000 1.40%Aberdeen Asset Management (Asia) Ltd. 5,003,655 1.26%NFU Mutual Investment Services Ltd. 4,380,000 1.10%

[goldfeverthrush] 01/10/2014 12:14

get your facts right - I think you are confusing me with the scumbag GOLDFEVERUSH. boomtime soon that's why the lowlife are sniffing about.

[goldfeverthrush] 01/10/2014 09:37

ould he say his GDG is not going to give HIS other company GDL that contract to drill ? He wins on production increase with GDG and drilling contracts with GDL. The London Listing for GDG means a much more regulated company and will attract more stable long term investors based on the regulatory requirements needed in a step up from AIM. GDL will benefit from the fact most near term contracts will come from the regulated GDG so reducing the risk eliment to AIM listed GDL. BUY.

[goldfeverthrush] 01/10/2014 09:35

GDL are in the enviable position of being told by Randeep Grewal 60% approx shareholder of GDG & Founder that GDL WILL be getting the contract to drill 150 wells $250m contract. As Randeep Grewal , GDL Founder and 60% approx shateholder here too along with a 20% Institutions and large Private holders totalling approx 80% of the shares available, you have to ask :- Why would he say his GDG is not going to give HIS other company GDL that contract to drill ? H

[goldfeverthrush] 01/10/2014 09:11

when the trolls come out it means the price is going up!

[goldfeverthrush] 01/10/2014 08:58

On net assets alone (Rigs cash etc) value @78m he shares are worth 19p each. There is backlog of $300m of drills in the book. with gross margins of 27% you can now buy at 8.85p - crazy value here.

[goldfeverthrush] 01/10/2014 08:58

far from it...you fud. pmsl

[beazley] 01/10/2014 07:52

So we are all agreed there is nothing to drive this share price forwards.
No PI action at all, it all went up the spout when it was revealed that SH had private conversations with certain shareholders telling them the Chinese were not paying their bills.
Doesn't surprise me though and shouldn't surprise anyone.
Everything they do is a monumental struggle with extremely long periods of inaction and it just lumbers on from one shambles to another.
Liabilities are a massive concern and with a CEO who has bigger fish to play with I would say the price action is dead in the water.
All there is here , is a bunch of trapped mug punters screaming nonsense and in denial and desperate to ramp this up to any passer by but I'm afraid all the passers by have PASSED BY.
You should too.
That's what I think.

[johnwise] 30/9/2014 18:52

Randeep Grewal, chairman and chief executive of Greka Drilling, commented:

"Whilst mobilisation orders have been slower than anticipated, the company is pleased that we have seen forward momentum on two of our main contracts.”

"The US$ 65 million contract for Essar Oil in India is now underway and the first two rigs are ready to spud the first wells shortly. Additionally, the first two LiFaBriC wells for Green Dragon Gas were completed and we have recently been mobilized to finish the balance eight of the ten LiFaBriC well programme in China. As such, we look forward to these revenues becoming visible within the next reporting period,” Grewal added.

The chairman also explained that Greka Drilling maintains a healthy backlog of business on both contracts that have been recently mobilised and those that still remain to be given mobilsation orders. We are also pleased to have increased our counter parties year on year and continue to remain in dialogue with numerous potential business opportunities.

"Importantly, we have further demonstrated our drilling efficiency with a 620 m vertical well being drilled in 5.2 days and were proud to break our own records by drilling two 8½ in. sections of 506 m and 529 m respectively, each in 24 hours. Such operational improvements allow us to operate at a lower cost and which is in turn passed onto our clients," Grewal concluded.

VIDEO


.

[beazley] 30/9/2014 18:46

Oh but it takes no time at all to post.
This is a shares investment discussion BB yes ?