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Greka Drilling Ltd

Greka Drilling's Randeep Grewal hails new drill contract wins in China

Randeep Grewal, chairman of Greka Drilling Ltd (LON:GDL), talks Proactive through the company's two new drill contracts with PetroChina Huabei Oilfield Limited, for coal-bed methane blocks in Shanxi Province.

The China-focussed drilling and well services contractor estimates that the new contracts will be worth at least US$2mln.

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Market: AIM
Market Cap: £0.00
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'Drought in drilling service sector is over' - Greka Drilling's Randeep Grewal

Randeep Grewal, chief executive of Greka Drilling Limited (LON:GDL), discusses what's been described as a “well-balanced” trading performance in their half yearly results. The drill contractor reported a 38% increase in first half revenue, up to US$3.6mln in the six months to 30 June,...

on 27/9/17

2 min read