23 Oct 2014

Drilling for value

Greka Drilling (GDL:LON) | 0 0 6.0% | Mkt Cap: 10.7m

- Daniel Slater
- 44 pages

Greka Drilling is an Asia-focused specialist coalbed methane (CBM) drilling company operating in China and India. The company operates 32 rigs mainly for key customer Green Dragon Gas, although also for Chinese NOCs and other third-party clients. There is considerable potential for growth in CBM drilling in China in the coming years and we initiate with an Add.

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Drilling for value

Greka Drilling (GDL:LON) | 0 0 6.0% | Mkt Cap: 10.7m

Published: 23 Oct 2014
Author: Daniel Slater
Pages: 44

Greka Drilling is an Asia-focused specialist coalbed methane (CBM) drilling company operating in China and India. The company operates 32 rigs mainly for key customer Green Dragon Gas, although also for Chinese NOCs and other third-party clients. There is considerable potential for growth in CBM drilling in China in the coming years and we initiate with an Add.