Asia-focused unconventional gas driller Greka Drilling said it drilled more wells in 2017 in what nevertheless remained a challenging year.
A total of 48 wells were drilled last year, up from 33 a year earlier, the company said.
'Though 2017 was still a challenging year, we saw a significant increase in drilling activity during the latter half of the year in China,' chief executive Randeep S. Grewal said.
'We expect a stronger drilling mandate during 2018. With firm drilling contracts signed with state owned enterprises, we start 2018 with a materially stronger foundation than last year.'
At 2:31pm: (LON:GDL) Greka Drilling share price was -0.2p at 1.98p