Greka has released an operational update in advance of its AGM later today. This shows good progression of the 30 well Green Dragon contract and we continue to expect completion of this during 2015. The 100 well Essar contract continues to move slowly however and we have cut our expectations here for 2015 and 2016 meaning a reduction in our forecasts for Greka. Going forward there is potential for more work from Green Dragon in particular both the remaining planned 110 lifabric wells and a 22
24 Jul 2015
AGM statement
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AGM statement
Greka Drilling (GDL:LON) | 0 0 6.0% | Mkt Cap: 10.7m
- Published:
24 Jul 2015 -
Author:
Daniel Slater -
Pages:
3
Greka has released an operational update in advance of its AGM later today. This shows good progression of the 30 well Green Dragon contract and we continue to expect completion of this during 2015. The 100 well Essar contract continues to move slowly however and we have cut our expectations here for 2015 and 2016 meaning a reduction in our forecasts for Greka. Going forward there is potential for more work from Green Dragon in particular both the remaining planned 110 lifabric wells and a 22