LONDON (Alliance News) - Greka Drilling Limited Wednesday said it has completed 13 vertical and horizontal wells, totalling 13,412 metres in the three months ended September 30.
The specialised, unconventional oil-and-gas driller focused on China said it is performing ahead of technical expectations and expects to be able to update the market on new contracts by the end of this quarter.
Greka also said that its drilling operations continue as planned on the Green Dragon Gas Shizhuang South licence and that, during the quarter, a number of wells were joined through lateral intersections.
The company also said that Green Dragon Gas is now reviewing its 2014 drilling programme but this will not significantly affect the planned level of activity in Greka's final quarter this year.
Greka shares were up 1.3% to 15.95 pence Wednesday.
By Tom McIvor; tommcivor@alliancenews.com; @TomMcIvor1
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