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Greka Drilling boss Grewal hoping to drill 250 wells

Randeep Grewal, the chief executive and chairman of Greka Drilling (LON:GDL), says he hopes the company will be able to drill close to 250 wells over the next 15-18 months. Grewal says it is difficult to predict the exact number of wells that will be drilled but is optimistic about the road ahead. The company said in its first-half report that mobilisation orders have been slower than expected.

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AIM:GDL
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'Drought in drilling service sector is over' - Greka Drilling's Randeep Grewal

Randeep Grewal, chief executive of Greka Drilling Limited (LON:GDL), discusses what's been described as a “well-balanced” trading performance in their half yearly results. The drill contractor reported a 38% increase in first half revenue, up to US$3.6mln in the six months to 30 June,...

on 27/9/17

2 min read