Greka Drilling Share Discussion Threads

[beazley] 16/12/2014 12:59

I wonder if they will suspend this soon I think it might be insolvent ?

Just a handful of kids trying to keep the share price up, but with massive debts and no cash ?

One to AVOID imo.

[old giggleswickian] 15/12/2014 11:03

Johnwise,
Go on admit it, you had to unfilter me just to see what 6 people agreed with and then filtered me again when you realised that you were looking silly. That isn't what the filter is for.

Ian.

[johnwise] 15/12/2014 08:13

Old Giggleswickian 12 Dec'14 - 15:13 - 5248 of 5250 6 1 (Filtered)

Beazley 14 Dec'14 - 22:46 - 5249 of 5250 5 0 (Filtered)

[beazley] 14/12/2014 22:46

It is my view that this lot are deep in debt and are not making much income if any and cant service that debt and are in fact insolvent.?
Will this be the week they are put into administration ?
How can it be allowed to trade if its insolvent?
Have any of you bothered to look at the Altman Z measurement for this co ? it has it as near bankrupt ?
China is in economic slowdown which is expected to continue and for that matter so is India.
Still good idea to get some equipment out of China imo.

I see it as having to have a placing urgently or being allowed to slip into a coma and a new game being started from the firesale/liqudator ?

Hey I could be wrong but if so show me the money ?

Just my opinion.

[old giggleswickian] 12/12/2014 15:13

Johnwise,
So you just make up any old twaddle and then when someone points out the flaw you just filter them. I suppose your next move will be to thcream and thcream until you're thick!

Ian.

[guru121] 11/12/2014 22:49

Gdl-The Works
I reckon 100 Lee Fabrics just about gets GDG to that magical 18bcf figure going into 2016, and that doesn't include the output from the rogue wells.

Based on previously provided numbers and that very handy chart from the latest presentation, you can safely say that a single Lee Fabric produces a steady 250-300K cubic feet per day. That extrapolates to a little more than 1 Bcf per 10 wells, and they'll 170+ on-line.

For the newbies, that number is significant because it gets GDG to a level of revenue that allows them to finance their aggressive extraction plans without additional funding.

That means a steady stream of lucrative work without the delays we've experienced the last 6 months. Its hundreds of millions of dollars per year for the next decade from just a single customer - and that will be transformational.

Work from our other 6 customers is a bonus (albeit one required to de-risk this as an investment). Essar is already under-way and hopes of CNPC mobilisation soon.IRon

[johnwise] 11/12/2014 22:04

Old Giggleswickian 11 Dec'14 - 10:49 - 5245 of 5246 5 0 (Filtered)

Beazley 11 Dec'14 - 21:12 - 5246 of 5246 4 0 (Filtered)

[old giggleswickian] 11/12/2014 10:49

Johnwise,
Back in October you said "Remember, DERAMPERS NEVER DERAMP A BAD SHARE. Watch the board for shares with no potential. They never have any derampers. Derampers only go after shares that are going upwards or have excellent potential to go up. Derampers get left behind, so they want to bring the price down to be able to get in at a great price." I asked you if you could give an example of a bad share that would support this view but you did not and I offered Bioprogress (Meldex) as a counter but you chose not to respond.
Could it be that you simply have your head in the sand or could it be somewhere else?

Ian.

[johnwise] 11/12/2014 07:55

Beazley 11 Dec'14 - 07:44 - 5242 of 5243 4 0 (Filtered)

Beazley 11 Dec'14 - 07:48 - 5243 of 5243 4 0 (Filtered)

[beazley] 11/12/2014 07:44

Hey what do you guys think of the Altman Z measurement ?

[johnwise] 10/12/2014 16:40

Beazley 10 Dec'14 - 14:49 - 5239 of 5240 5 0 (Filtered)
Beazley 10 Dec'14 - 14:53 - 5240 of 5240 5 0 (Filtered)

[beazley] 10/12/2014 14:49

WOW no changes here then I see this absolute DISASTER has fallen of a cliff today.

WHEN IS SUSPENSION ?

ONE TO AVOID AT ALL COST.

[guru121] 07/12/2014 21:45

Well,gents our progress continues...,100MILLION .worth of equipment ready to drill:)
Edison Latest
Green Dragon Gas (GDG) recently issued an $88M. corporate bond, funding 50 wells of a 150-well LiFaBric drilling campaign at its GSS licence in China, due to be executed by Greka Drilling (GDL) out to 2105. This is a material announcement for GDL as GDG represents 72% of GDL’s total estimated drilling activity for 2015. Our 45p valuation for GDL assumes 100 GDG wells are drilled in 2015. If we assume just 50 wells are drilled (the level underwritten by GDG’s debt issuance), we still arrive at a value of 24p versus the current price of 15p.I.B.

[conc2] 27/11/2014 11:13

from eddison report

GDG has successfully issued an $88m corporate bond, enabling it to launch its 150-well LiFaBric programme at its commercial gas production block, Shizhuang South (GSS). The money raised should enable GDG to execute at least 50 of the 150-well programme in this block.
In terms of materiality, in our 45p/share valuation for GDL we assume it drills 10 LiFaBric wells on behalf of GDG in 2014, followed by 100 in 2015. This represents 72% of total wells drilled by GDL in that year.

[flying pig] 24/11/2014 12:46

Greka Drilling (GDL) Edison remain positive

Flash note - Client bond placement underwrites our valuation
24 November 2014 | Oil & Gas