Greka Drilling Share Discussion Threads

[itsmyshares] 16/6/2017 15:32

I was lucky to catch your shout on the ZANGA thread at 2.75p.
Really happy to know that after the bid has sorted itself out the share price will then be a lot higher than it is now.

[jamesd888] 16/6/2017 14:22

my advice is top up as this is very cheap now

[jamesd888] 16/6/2017 14:21

there is a big buying going on today...so for new investors...MM's are just playing games and this is not the real sell price...they are trying to fear the weak in selling or trigger stop losses and watch by the end of the day and come next week this will rise massively

[loverat] 16/6/2017 14:15

Some masterly trading going on here I see. Looks like everyone who has tried to day trade so far has lost money.

[srpactive] 16/6/2017 13:45

j888

Lets hope so, we really do need to get and close
above 4p. When the deal was announced on the 6 April
we moved to 4.68p, then the delay sent gdl back down.
Now with the loa we should move higher and then
have something to build the company on, a dyor for certain.

[jamesd888] 16/6/2017 13:45

crossed over 4 milllion buys now looking very good for the afternoon

[jamesd888] 16/6/2017 13:42

Expect a rally once the americans open and a strong finish near to close

[srpactive] 16/6/2017 13:32

L

It tends to move to the bid or offer, then finish
at the mid, hope that helps, dyor.

[loverat] 16/6/2017 13:25

The share price is all over the place at the moment. Is it is always like this - e.g massive headline spreads.

[jamesd888] 16/6/2017 13:21

loverat agree...cheap price to buy now....then sit back and watch the ride up....as this is a multiple bagger in the making

[jamesd888] 16/6/2017 13:18

PetroChina is also expected to commence a 100 cluster wells drilling project in Anze Block in 2017, which we should get news on very soon too

[jamesd888] 16/6/2017 13:14

RNS...STATED the company was also in advanced talks with other oil and gas operators for drilling work in 2017.....more contracts to come.

[loverat] 16/6/2017 13:10

Looking at the trades today this looks like the cheapest time to buy. 2.62p it looks like. People were paying more than that first thing.

Might be a spike later and once the news has been absorbed more.

[jamesd888] 16/6/2017 13:06

MM's trying to shake people out...this is the perfect time to buy....as expect a massive rise later on this afternoon

[cautoussid] 16/6/2017 13:06

JAMESD
SEEN YOUR POST AT XTR SHARE BOARD
NOW TAKING A QUICK LOOK AS WITH SO MANY BUYING INTO XTR TODAY DONT
WAY TO BE AWAY TO LONG FROM XTR SHARE BOARD

[jamesd888] 16/6/2017 12:59

Getting press exposure now on proactive investors.

Greka Drilling Limited (LON:GDL) has received a letter of award (LOA) for a three year, 73-well drilling programme from India’s Oil & Natural Gas Corporation Limited (ONGC).

State-owned, ONGC is the largest oil and gas exploration and production company in India and will use Greka to explore the Bokaro coal bed methane (CBM) prospect.


Greka was earmarked for the work in April, but with the LOA should start to mobilise within 90 days though it is still subject to a full contract and performance bond.

The AIM-listed group specialises in drilling unconventional assets such as CBM and will use its purpose-built GD75 rig for the ONGC wells.

This drill has a proven track record of drilling in similar geological conditions, said Greka.

Along with the provision of ancillary service, the contract is expected to generate total revenues of US$15mln over the duration.

Randeep Grewal, Greka Drilling’s chief executive, said: “Being chosen as a desired partner with one of the world's largest E&P companies is a momentous occasion for Greka.

He added the company was also in advanced talks with other oil and gas operators for drilling work in 2017.

“This coincides with recently announced CBM gas pricing reform by the Indian government and we remain bullish about the prospect of increasing our provision of specialized drilling services within the niche CBM sector in India.”

[jamesd888] 16/6/2017 12:50

volume now 5.6 million.....majority buys

[jamesd888] 16/6/2017 12:49

buying pressure strong now

[jamesd888] 16/6/2017 12:48

up 20% percent now

[jamesd888] 16/6/2017 12:47

in auction

[jamesd888] 16/6/2017 12:31

cheap to buy on the shake

[jamesd888] 16/6/2017 12:31

moving up....in auction about to move upwards