Greka Drilling Share Discussion Threads

[johnwise] 10/6/2014 11:42

A previous post from readthismessagen0w before he went into De-Ramp mode
- 09 Sep 2013 - 10:01:42 - 3355 of 5033

He said.. reminder of some facts!

1. RG spoke for an hour about the business and future prospects. Seemed fluent and confident.

2. Explained how effective the lifabric drilling technique is. Extraction rates are around 80% compared with max 60% for other techniques. Also flow rates are more stable. Life of each well is at least 15 years, so the returns per well are exponential and increase over time

3. Aiming to reduce exposure to GDG contracts to below 30%

4. Petrochina are re-evaluating their recent drilling activity, which gives possible opportunity for GDL

5. India. No imminent contract news. RG explained how it is necessary to build a team locally, have extensive discussions with clients, and then secure contracts. They are not yet 'contract ready' but are very close. Time from contract to first rig deployment is typically 60 days. Would aim to start India with a 5 rig deployment, probably of existing rigs

6. Current focus is China, then India, then Indonesia

7. Possibility of UK drilling, especially as GDL use no chemicals in drilling and have a zero bio footprint and no pollutants.

8. Have options over 125 rigs. Size varies from 75 tons to 125 tons. Cost from $5m to $12m. Rigs drill both gas and oil. Indian CBM is shallower so the smaller rigs could go there

9. Costs of relocating the rigs is borne by client - 'we don't do anything unless we are paid'

10. Generally, aim is to secure a few test drills with a client, and then pursue a wider drilling programme with lifabric. GDL are looking for entire drilling programmes, and develop close participation with clients, rather than individual drill-by-drill contracts

11. RG not overly concerned about IP and patents because it requires skill and knowledge to apply the technology in the field. He believes there will be competition but it will take years to catch up with GDL, and the market is vast so he is relaxed about sharing it. USA currently has 70,000 wells drilled, compared with China's 5,000

12. The Anze contract will be done with GDL drills. Vertical wells produce $0.8m to $1.5m each. Selling opportunity is that lifabric is clean drilling, and GDL have 25 yr experience

13. SGX listing some time in 2013 (probably). No date fixed. They want to demonstrate less dependence on GDG contracts before listing.

14. No dilution proposed

15. RG frustrated by share price, but believes the market will respond when the figures show progress

16. 150 rigs is 'a big fleet' and RG thinks it could take 2-5 yrs to get to that size

17. All clients are happy with the drills. H1 has been a lot of evaluation and looking at test results. Expects more drilling in H2

[readthismessagen0w] 10/6/2014 11:39

back soon, got to slope off.

[goldfeverrush] 10/6/2014 10:56

OOOPPS THIS IS FXXXED.The WARNING WAS GIVEN LONG TIME AGO.

[guru121] 10/6/2014 10:47

Ticked up again
11.5 to buy

[guru121] 10/6/2014 10:45

ticking up v.fast.
Buys going @ 10.40

[jackabit] 10/6/2014 10:42

my unanswered question
PLEASE ANSWER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!JACKABITE(readthismessagen0w)!!!!!!!!!!!

readthismessagen0w.plz
Hi Jackabite just wanna ask you why do you post as readthismessagen0w, GOLDFEVERRUSH,Feng_Liang_Shanxi AND Jackabite.I am a newbie here & few days ago lookinn at the bbs i got confused so i read through many pages & everyone thinks you use multiple ids.thats me going back 100 pages.last years postings here.why do you do that?
you had 2bbs & now you Jackabite have opened another one as readthismessagen0w.
jackabite whats your purpose in using multiple ids?is it allowed?
Answer Jackabite.The biggest ramper was you jackabite under different aliases.
readthismessagen0w why u dont post as jackabite only.

you cant even post as yourself jackabite.whats your motive



jackabite why r u posting same messages on every bb under different ids?
your ids.
readthismessagen0w

GOLDFEVERRUSH

Feng_Liang_Shanxi

Jackabite

why jackabite.whats the desperation.



Jackabite,

your desperation is telling me u are fu cking in pain.are u in pain?
have they taken your shorts off.whats hapenning Jackabite.

Why so many ids

readthismessagen0w

GOLDFEVERRUSH

Feng_Liang_Shanxi

Jackabite

why jackabite.whats the desperation.



Gekko68 19 May'14 - 20:05 - 4970 of 4977 0 0

I think he uses many ids for one reason. He uses some too hype up a share & others too de-ramp,that's the only reason i can think.

[jackabit] 10/6/2014 10:39

readthismessagen0w u havent answered my question.jackabite why use different ids.

[guru121] 10/6/2014 10:32

Don't forget,currant trading range is between 10-20.
Only 18-20% free float so always v. difficult to accumulate at low prices.

[guru121] 10/6/2014 10:28

Morning gents.
Investors are taking full benefit.
Flurry of buys gone through @ 10.50

[johnwise] 10/6/2014 09:35

readthismessagen0w,
You are not going to get the shares any cheaper with your De-Ramping , someone has been buying any surplus shares for months

[jrjr99] 10/6/2014 09:29

why is the chart at the top of the page wrong? (showing mid price 12.5p)

[readthismessagen0w] 10/6/2014 09:21

Ready to fall right through 10p....I fancy 8p close tonight then 4p in the morning once the market sees the huge debt pile accumulated, not to mention the loss.

Love it !!!

You chumps were all told.

[readthismessagen0w] 10/6/2014 08:54

TANKING!"!

I hope this goes below 10p today in order to take it down to 5p in the morning. Then we will see a slow drift to 2p or 3p.

pmsl


GDG results shocking.
GEL results shocking
GDL we all know will be shocking and I predict 3-5p tomorrow or most likely by the end of the week and then complete capitulation going into the next again week.

[johnwise] 09/6/2014 12:33

BrainDead,
So why are you de-ramping it then ?

[readthismessagen0w] 09/6/2014 10:04

TANKING!!!!


Results on Wednesday and now the MM will take this down.

RG will spin a dose of HYPERBOLE on Wednesday but the MM will see right through it.


It' is about to TANK big time between now and Wednesday and once the results are out 3-5p is the magic number for the tin plated tickets lol

3-5p

I have been telling you all for so long now :)

[readthismessagen0w] 09/6/2014 10:03

TANKING!!!!


Results on Wednesday and now the MM will take this down.

RG will spin a dose of HYPERBOLE on Wednesday but the MM will see right through it.


It' is about to TANK big time between now and Wednesday and once the results are out 3-5p is the magic number for the tin plated tickets lol

3-5p

I have been telling you all for so long now :)

[superg1] 09/6/2014 07:52

John

Some details in GDG results.9 lib wells mentioned drilled and suspension of 150 wells, do those relate to GDL?

[johnwise] 08/6/2014 08:49

Probably another large new drilling contract accompanying the results ?

Results for the year ended 31 December 2013 on Wednesday 11 June 2014. The Company will be hosting a conference call for analysts/investors on that day at 10am UK time.

[superg1] 08/6/2014 08:31

Nice to see a rise here for you guys in recent days, but watch out for Mr market on results day.

The results as you should know by know will show revenues halved (going on metres drilled) and probably less than 2011. I did wonder re cash myself and don't trust the Chinese.

Hopefully GDL have something brewing to perk it up for you.

There is still that matter of previous rns figures not matching up on meters drilled (14% difference)