Greka has released an operational update. Drilling in China for 2014 has come in ahead of our expectations with more wells for third-party clients completed than we had forecast. This is balanced by activity in India where start-up of the contract for Essar has been slower than we had thought. The Essar wells are of greater value and we are downgrading our 2014 numbers. This year is shaping up to be better however with a further 93 wells to drill for Essar and the new 30 well contract for Gre

27 Jan 2015
Operational update

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Operational update
Greka Drilling (GDL:LON) | 0 0 6.0% | Mkt Cap: 10.7m
- Published:
27 Jan 2015 -
Author:
Daniel Slater -
Pages:
3 -
Greka has released an operational update. Drilling in China for 2014 has come in ahead of our expectations with more wells for third-party clients completed than we had forecast. This is balanced by activity in India where start-up of the contract for Essar has been slower than we had thought. The Essar wells are of greater value and we are downgrading our 2014 numbers. This year is shaping up to be better however with a further 93 wells to drill for Essar and the new 30 well contract for Gre