Big picture - Why invest in Greka Drilling Ltd
Greka Drilling Ltd Snapshot
Greka Drilling Limited is the largest independent and specialised provider of unconventional gas services in Asia. We have best-in-class rigs and crews. Our rigs are tailor-made for drilling coal bed methane and our crews are trained to uniform standards at the Greka Training School. Our rig fleets are based in Zhengzhou, China and West Bengal, India.
Greka Drilling has developed the LiFaBriC methodology for the under-saturated brittle and highly faulted coals typically found in China. The LiFaBriC lateral well design does not involve any fracking, it does not use chemicals and results in a long well life and easy workover.
Our mission is to ensure our clients extract unconventional gas in the most cost-efficient and environmentally sound manner, while operating to the highest standards.
Greka Drilling offers drilling solutions across a broad range of integrated services. We provide a single cost-effective solution for multiple well services combined with best quality management systems.
Our drilling fleet comprises purpose-built, hydraulic, top-drive rigs specifically designed for the application of drilling services within the unconventional gas industry.
- Custom Built Rigs - Built to Greka Drilling specifications and client requirements
- Standardised Fleet - The standardisation of the fleet allows for the management of one machine type, with the associated operating, maintenance and training consistent across the fleet
- Mobility - Modularised design for efficient and fast mobilisation of rigs and associated ancillary equipment resulting in faster rig-down and rig-up time
- Support - Maintenance and logistics support team protocols developed specifically to maximise operational efficiencies
- Scalable - Centrally controlled at the Operations Control Center (OCC) through real time data monitoring, data flow control and smart-fast data access
- Safer - Reduction of manpower to operate rig due to increased automation
Completion Drilling Services
Greka Drilling provides the following drilling and completion techniques:
- Conventional: Vertical Completions
- Directional: Slant, Horizontal, Multi-seam and Multi-lateral Completions
- LiFaBriC: Advanced Horizontal Geo-steered Completions
Greka Drilling has revolutionised coal bed methane production by introducing its self-developed drilling and completion technique for lateral wells called LiFaBriC. With a low overall cost per mcf gas and an increase in CBM field production, it has repeatedly proved to be the most effective production technology for CBM reservoirs.
Directional Drilling Services
In order to maximise the exposure in a target formation, Greka Drilling utilises industry best practice and fit-for-purpose technology to achieve superior results. Geophysical properties of the formation are transmitted in real time to the engineers on the rig, allowing for mapping and adjustment to the wellbore’s trajectory to ensure maximum exposure to a target formation and avoid, record or control subsurface anomalies. The combination of industry best practice, fit-for-purpose equipment and geo-steering in real time allows our engineers to conduct and record highly accurate positional, mechanical and geophysical properties. Our in-house Directional Drilling teams have a unique relationship with our Drilling Department which avoids interoperability issues between drilling crews and third party directional contractors in conventional operations.
Geological and Geophysical
The specialised well planning and engineering team of Greka Drilling plan and coordinate work directly with the client from the time the directional work is assigned. The well planning team interacts with drilling and geology personnel to ensure the latest information and procedures are communicated and applied to the programme. Our OCC system provides real time monitoring through fast and smart data flow in a controlled manner.
We can provide additional well services under the Greka Drilling management system, Quality Assurance and HSE umbrella. Such services may include:
- Mud Logging
- Drilling Fluids Services
- Wireline Logging
Chairman and CEO
Randeep Grewal is the Chairman and Chief Executive of Greka Drilling Limited. He has extensive experience in the oil and gas industry and is the founder of the Greka Group of companies. Randeep acts as Chairman and CEO of the Greka Group and Grewal Family Office. From April 1997 to September 1997 he served as Chairman and CEO of Horizontal Ventures Inc., an oil and gas horizontal drilling technology company that became a subsidiary of Greka in September 1997. Randeep was Corporate Vice President for the Rada Group with the principal responsibility for its global expansion and diversification from its defence roots and operations into a commercial organisation. Since 1986 he has been involved in various joint ventures, acquisitions, mergers and reorganisations in the United States, Europe and the Far East across a range of businesses.
Mr Grewal has a BSc in Mechanical Engineering from Northrop University.
Bryan Smart is a Chartered Accountant with over 40 years of experience in finance both in professional and commercial roles for organisations including Deloitte. He presently holds non-executive director roles in AB Dynamics plc, a company that designs and manufactures robotic test equipment for the automotive industry. He is also a non-executive director of NQ Minerals plc, an Australian exploration and mining company. From 1996 to 2014, he held non-executive directorships of the Supervisory Board of CarboTech AG, a company based in Salzburg which manufactured carbon fibre components for the automotive industry. Prior to that, he has worked for Daimler Chrysler (UK) Ltd rising from internal auditor to financial controller in 1985 and was appointed CFO in 1996. During this period, he completed the acquisition and assimilation of Chrysler Jeep in the UK, and also served on the board of Brunel University, and is currently a trustee of Brooklands Museum.
Mr Mulhearn has over 30 years experience in the financial industry in Australia, Asia, Europe, and the Americas. He commenced his career at Citibank where he worked for 20 years in Australia, London and New York in numerous positions including co-Head of Commodity Finance, Head of Commodity Sales, Head of Asian Commodities and Head of Australian Fixed Income and Derivatives. He worked for Merrill Lynch (New York) in the Structured Finance department before moving to Asia in 2006 where he worked for Standard Chartered Bank (Singapore), JPMorgan Asia (Singapore) and ANZ (Singapore) where he led the development of the commodity and structured commodity finance activities.
Sean is currently CEO and founder of Jacaranda Capital Partners, a boutique advisory and corporate training firm with offices in Sydney and Singapore.
Mr Mulhearn has a Bachelor of Economics from the University of Sydney and obtained formal financial accreditations in the US and Asia.
The number of securities in issue is 398,245,758 ordinary shares of US$0.00001.
The percentage of AIM securities not in public hands is 66.52%.
The significant shareholders are as follows:
Name of Shareholder Number of shares held Percentage of issued share capital
GDGH Ltd. 262,205,082 65.84%
Morgan Stanley Wealth Management 31,415,700 7.91%
PB Commerce 19,247,028 4.83%
* - Randeep Grewal is beneficially interested in GDGH Ltd. and in addition holds directly 2,714,151 shares (0.68% of issued share capital).
PO Box 472, 2nd Floor, Harbour Place, 103 South Church Street, George Town, Grand Cayman, KY1-1106, Cayman Islands
29th Floor, Landmark Plaza, No. 1 Business Outer Ring Road, Central Business District, Zhengzhou 450000, Henan Province, PRC
Tel: (86) 371 6013 3388
Email: [email protected]
A-401, 3F, Kamadhenu, Bengal Shristi, Commercial Complex, Citi Centre, Durgapur-713216, West Bengal, India.
Email: [email protected]
Vatika Business Centre, Mezzanine Floor, Konnectus Building, Bhavbhuti Marg, Connaught Place, New Delhi-110001, India.
Tel: (91) 1123660100
Email: [email protected]
PO Box 472
Harbour Place 2nd Floor
103 South Church Street
Grand Cayman KY 1 – 1106
Principal Corporate Office
29th Floor, Landmark Plaza,
No. 1 Business Outer Ring Road,
Zhengzhou 450000, PRC
Capita Asset Services
34 Beckenham Road
Kent BR3 4TU
England No 2729260.
Nominated Advisor and Broker
Smith & Williamson Corporate Finance Limited
London EC2R 6AY
8 Baker Street
London W1U 3LL
As to Chinese Law
Guantao Law Firm
17/F Tower 2, Yingtai Centre
No. 28 Finance Street,
Beijing China 100140
As to Cayman Islands Law
Travers Thorp and Alberga
2606 The Centrium
60 Wyndham Street
Central, Hong Kong
As to English Law
Pillsbury Winthrop Shaw Pittman LLP
Tower 42, Level 21
London EC2N 1HQ