Oct 12th 2012 - Edison Investment Research today published a report on Greka Drilling (GDL.L, LSE:GDL, LON:GDL) entitled "Robust Demand Backdrop". In summary, the report says:
Following the expansion of its rig fleet over the past year we believe Greka Drilling (GDL) is now comfortably the largest drilling services contractor in China’s unconventional gas sector. The company has put in place an operational structure to take advantage of rising drill activity, initially driven by former parent Green Dragon Gas’ (GDG) CBM development programme. Meanwhile, Chinese government plans to develop shale gas and SE Asia business development potential could offer upside from as early as 2013.
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