Slide Background

Investor Relations

Interim Results

27 September 2017

Greka Drilling Limited

("Greka Drilling" or the “Company")

Interim Results 2017

Greka Drilling Limited (AIM: GDL), the largest independent and specialised unconventional gas driller in Asia, is pleased to announce its unaudited results for the six months ended 30 June 2017.


lRevenue of US$3.6 million (H1 2016: US$2.6 million), an increase of 38%

lLoss of US$1.4 million (H1 2016: loss of US$5.5 million)

lUS$2.7 million of cash (restricted) as at 30 June 2017


l12 wells were drilled in the first 6 months this year compared to 10 wells in the same period last year, of which:

o5 wells drilled in China (PetroChina - 3; Green Dragon Gas –1; other – 1), compared with 3 wells drilled in H1 2016 (all for Green Dragon Gas)

o7 wells drilled in India for Essar (2016 H1: 7 wells, all for Essar)

lA total of 15,625 metres were drilled, compared to 12,458 metres in the same period last year, an increase of 25%, of which:

o7,964 metres were drilled in China (H1 2016: 4,128 metres)

o7,661 metres were drilled in India (H1 2016: 8,330 metres)

Randeep S. Grewal, Chairman and Chief Executive of Greka Drilling, commented:

“I am very pleased to report a well-balanced performance in China and India. Our well-executed dual country strategy has been successfully implemented. The contracted services from both countries’ state-owned enterprises CNPC and ONGC are recognition of the niche CBM drilling expertise and technology within Greka Drilling. The foundation is in place to expand from in years to come.”

For more information on Greka Drilling, please visit the Company’s website at www.grekadrilling.comor contact:

Greka Drilling

Sarah Lowther

Media Relations

+44 (0) 7931 838144

Smith & Williamson

Nominated Adviser and Broker

Azhic Basirov / David Jones / Ben Jeynes

+44 (0) 20 7131 4000