Greka Drilling (GDL)
market vs.
industry GROWTH & VALUE
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| PE Ratio (f) | 4.66 |
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| Price to Book Value | 1.86 |
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market vs.
industry QUALITY
| Year End 31st Dec | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013E | 2014E | CAGR / Avg | |
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FINANCIAL BRIEF: For the six months ended 30 June 2012, Greka Drilling Ltd revenues increased 65% to $28.3M. Net income decreased 9% to $670K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Administrative Expenses increase from $2M to $4.1M (expense), Interest Expense on Loans from a Related decrease from $0K to $433K (expense). more »
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market vs.
industry RECENT HISTORY
| Latest interim period (ended 31st Dec '12) vs. prior year | ||||
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BROKER CONSENSUS & FORECAST TREND
| Recommendation: | Strong Sell | Sell | Hold | Buy | Strong Buy |
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| No. of Analysts: | 0 | 0 | 0 | 1 | 0 |
Greka Drilling Limited (Greka Drilling) is a holding company. The Company is an independent and specialized unconventional gas driller in China. Greka Drilling, through its subsidiaries, is principally engaged in the provision of unconventional gas, mainly coal bed methane (CBM) drilling services in China. Greka Drilling’s drilling business is operated through Greka Technical Services Limited (GTS) and Greka Mitchell (Zhengzhou) Drilling Co., Ltd. (GMD). GTS and GMD are capable of drilling horizontal and vertical CBM wells and provide drilling service to all of the Green Dragon’s CBM blocks. GMD is a 50% joint venture company established and held equally by Greka Drilling and Mitchell Drilling International PTY Ltd. On March 2011, Greka Drilling was demerged from Green Dragon Gas Ltd.
Directors: Randeep Grewal (Chmn.) 45, Dongju He (CFO) ,
No. of Employees: 520 No. of Shareholders: n/a
| Last Annual | December 31st, 2012 |
| Last Interim | June 30th, 2012 |
| Shares in Issue | 431,359,038 |
| Free Float | 147.2m (34.1%) |
| Sector | Energy |
| Industry | Oil & Gas Related Equipment and Services |
| Index | FTSE Aim All Share, |
| Exchange |
London Stock Exchange (AIM) |
| Eligible for | an ISA? a SIPP? |
| Address | 29th Floor Landmark Plaza,No. 1 Business Outer Ring Road Central, ZHENGZHOU, 450000, China |
| Web | http://www.grekadrilling.com/ |
| Phone | +86 371 60130088 |
| Contact | () |
| Auditors | BDO LLP |
| 9th May | Main Board Listing |
| 18th Apr | Well Completion |
| 16th Apr | Price Monitoring Extension |
| 12th Mar | Final Results |
| 7th Mar | Notice of Results |
| 5th Feb | Price Monitoring Extension |
