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Is available at the current massive spread of 3.5-4.5. Anything more than that the MMs want 4.39p so hopefully someone will clear the 35k before we can start to move upwards hopefully
This morning...just hope it continues
2 chunks of 50k this morning
Chunks!!
Stake building. 3 chucks of 50k buy this morning. Some the other day in 50k and 30k chucks....
For days all we can see on the trade it is showing as sells which is most likely bull as we would have dipped further from current SP if they were all sells. can imagine what is going on with our MC and where this is heading right this minute....proper test of patience!!
Anyone notice RG buying 47m units of GEL to take his holding up to 76% now. Wonder if he is looking to take that private...
Yes perhaps with all that's gone on its un-investable at the teens with where we are BUT at current sp level its a great shout for new investors. With the MC of only £15m and Essar now also back on the cards when most thought this client was done and dusted... We still haven't been diluted when many thought we will be....tell me which other AIM company hasn't diluted after 5 years. Will be interesting to see how many if any...
Good news that we are all but back to drilling for Essar shortly. on the flip side the not soo good news is that we still have 17 leefabs to drill for GDG from last year meaning so we only did 13!! at least were not looking to 'crash' anytime soon chaps...LOL
GDL tanking while GDG flying.... :s
Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional oil & gas driller in Asia, is pleased to provide an operations update to 31 December 2015. OPERATIONAL HIGHLIGHTS - 62 wells were drilled in 2015 (2014: 45 wells) a 38% increase YOY, of which: o 53 wells drilled in China (2014: 38 wells) o 9 wells drilled in India (2015: 7 wells) o 51 wells drilled for Green Dragon Gas Ltd. ("Green Dragon Gas") (2014: 18 wells) o 11 wells drilled for other clients (2014: 27 wells); Essar Oil Limited ("Essar") in India (9 wells) and PetroChina in China (2 wells). - A total of 76,690 metres were drilled in 2015, a 31% increase over 2014 (58,520 metres): o 66,770 metres were drilled in China o 9,920 metres were drilled in India o 62% of the metres involved the use of MWD directional tools (i.e. were lateral or directional wells using measurement-while-drilling). - The average drilling time for LiFaBriC lateral wells from spud to completion was 32.3 days in 2015 compared with 37.0 days in 2014. - Strategic conclusion that, outside of existing Greka Drilling markets, Europe and Australia have the highest potential for the Company's services in the near future. - Greka Drilling continues to emphasize training, with 27,624 man-hours of training conducted in 2015 for staff in China (2014: 20,266 man-hours) and Indian crews were brought to China for training in drilling LiFaBriC wells. - Strong HSE focus, no Lost Time Injuries occurred in 2015. 2016 OPERATIONS OUTLOOK - Focus on Green Dragon Gas contract for the continuation of their LiFaBriC Optimization programme. - Reduce fixed costs while retaining talent through the first half of 2016, which is expected to have limited activity. - Continue to focus on attaining third party contracts in China and India. - Continue the active discussions with Essar about further drilling in India at the Raniganj East block, West Bengal following the conclusion in 2015 of the Company's earlier Essar contract with a total of 16 wells being drilled. - Monitor the assessed opportunities to expand into new geographies and ensure stability and investment certainty prior to any expansion execution. Randeep S. Grewal, Chairman and Chief Executive of Greka Drilling, commented: "We are pleased to report that we drilled over 30% more metres and wells in 2015 than in 2014. In addition our drilling efficiency continues to improve as evidenced by the ongoing reduction in the drilling days per well. Our performance in December was demonstrative of the Company's capability and optionality, with 13,200 metres drilled in China utilizing only eight rigs. Although the CBM production business in China remains one of the most attractive gas production markets in the world, and we remain bullish on the medium to long prospects for CBM in India, Greka Drilling is not
Nothing has changed until its confirmed. Trying to stay positive and hoping an II has just sold out because they needed the dosh rather than they knew something we don't know yet. If GDG met their gas targets last year, it can mean good/decent enough news for us. I doubt we have completed all 30 GDG leefabs as we never hit targets however we might be little surprised once we get an update. Won't be as bad as the current sp suggests. Due to low free float here a large sale such as yesterday can really rock the boat like it did. Similarly we need someone else to also buy just as big and we will be flying in a blink. But for this we need to prove to people that we can drill holes!!
Nm
JH that's what exactly baffles me with the valuation on the AIM!!! makes no sense and when will we get a break here!!
got a few more at these levels...if there any truth in the 1.5m on the bid yesterday then a nice shake today to fill it sounds about right...gdl update end of the month so not long to go to see whether we have been drilling not much or loads...
Mr Chow - What's your reasoning behind that? I see it the other way...current market suits the trader. cant see why MS will be any different. One things for sure is they have bought at the bottom.
not sure if its a good thing or a bad thing they bought at current levels. only means they will probably sell into any rise so the sp might not go anywhere too far unless people all of a sudden go mad over this and the demand is high, but very unlikely from where were sitting right this minute...can be years before that happens but wtfdik!
Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, announces that it has been informed by its registrar of the following changes in significant shareholders: Morgan Stanley Wealth Management - 29,595,700 shares (representing 7.43% of the Company's issued ordinary shares); Richard Chandler Corporation - no longer has a notifiable interest in the Company's shares.
this morning....that's massive....no point guessing if its a buy or a sell with such MMs tbh. the spread means nothing when they have control of it all...
when you buying back mate...? surely we cant sit at rock bottom for-ever? we missing your ramps to keep us going :)