Member Info for Jamesiecakes

Really good news and like you say some bigger contracts to follow (just need GDG to sort there financing). It should be a good day for us! Cheers James

Hi Trion I can't argue to much with the overal message in your message, although I dot see the $42MM debt you state (didn't look to much though!). Also the two major contracts we have signed in the last 3-4 years came to very little as you mentioned. I agree people need to be careful when investing here, and shouldn't risk more than they can afford to lose however there are reasons to be optimistic. Evidence that the market is picking back up, new contracts in India and China (although small). GDG has recently cleared up some historic issues which needed sorting ahead of debt being issued, once risk of insolvency from the "mother ship" goes I believe this on its own will give GDL a boost. Government policy is still heavily in favour in China and becoming more so in India. Fixed costs becoming more and more under control, shown in H1 results. Just my thoughts and why I was prepared to buy more recently. Cheers James

Very Nice, guessing you are still going today as well :-) Let's hope you don't have long to wait until the new contracts start landing! Cheers James

I hope to be there as well. Was that you buying today MrChow69?

There is certainly a lot of work waiting for us, although that's pretty much the story of GDL over the last few years. Once this stops being a jam tomorrow share and the orders start to flow, along with mobilisation orders I think we could be in for a quite exciting time! My only concern is that the below work will be carried out by someone else, although I view this as quite unlikely on the blocks GDG are operators. I'm not able to make the AGM as I'm out of the country, does anyone plan to attend? Cheers James

Thanks for the response, I read that as the number of Lifabric and the number of vertical wells but hope you are right! Cheers James

Hi Roobans I where abouts are you seeing those numbers in the presentation? I had a quick look but couldn't see anything about future orders other than a lifabric drilling campaign will be launch in Q4. Cheers James

Interims are on the 27 of September and AGM on the 26th of October.

http://www.livemint.com/Industry/l12m5U6ofLLjV7C1pTyJXP/Essar-Oil-to-double-coal-bed-methane-output-from-Raniganj-bl.html Link from Greka Facebook page

http://www.proactiveinvestors.co.uk/companies/stocktube/7943/greka-drilling-s-randeep-grewal-hails-new-drill-contract-wins-in-china-7943.html

I believe 10p+ could happen before then, providing we get GDG contract to drill all wells announced by GDG in GSS & GCZ and there is evidence that GDG are able to finance this e.g. they get RBL sorted (or what ever path they chose down). I am also hoping for a multi year contract from Essar before year end which will certainly help the share price! the above is why I topped up 4-5 weeks back, assuming our ducks line up (which they havn't for some years!) it could be a good last 5 months of the year. Cheers James

I did dummy sell of my 250k shares and got offered 2p.

Just need GDG to sort out its financing and these contracts should be awarded to GDL!

I don't think that's the actual spread, if you do a dummy buy I am sure you could buy at 2p or a bit lower however still to high to encourage buying! I personally believe it's a waiting game until we get news on Essar and GDG contracts, which hopefully will be soon and material. Cheers James

Assuming I can get the day off work, I plan on attending.

Yes and certainly helped my average..... Although I'm not really a fan of trying to drop a falling knife, I think with the potential contracts to be announced and the fact that the directors signed of the annual reports as a going concern I was prepared to take the risk! Let's hope we get some multi year contracts with Essar and green dragon! Cheers James

I couldn't resist......

http://www.edisoninvestmentresearch.com/research/company/green-dragon-gas The video on the above link is worth a listen

Website updated..... results now on the 28th

Nope, just results. AGM is June/July from memory.