History

  • 1997: Commenced operation in CBM industry in China
  • 1998: Fengcheng PSC signed
  • 1999: Government approval of Fengcheng PSC
  • 2003: Shizhuang South, Shizhuang North, Qinyuan and Panxie East PSCs signed Assumed operations from CUCBM at Shizhuang South Vertical co-mingled Coal Seams 3 and 15 in GSS
  • 2004: SRH horizontal drilling (short radius drilling technology) Hong Kong office opened
  • 2005: Multilateral horizontal drilling
  • 2006: Listed on AIM
  • 2007: Launched in-house drilling and technical services division Acquired 49% equity stake in Kesi Hengrun (Beijing) Technology Zhengzhou office (China Operations headquarters) opened US$95m capital raised (US$50m convertible bond in June, US$45m convertible bond in October) NDRC Preliminary ODP Approval for GSS
  • 2008: Acquired PACE, gaining a sixth CBM block Baotian-Qingshan, and entered into a 50% JV with Mitchell Drilling Acquired Giant Power International (two gas distribution centres off the West-East CNPC pipeline) Acquired CNG stations in Zhengzhou First LiFaBriC drilling Wells in the Shizhuang South block begin production
  • 2009: Sinoenergy investment
  • 2010: US$202.8m capital raised (US$50m convertible bond in June, US$50m convertible bond in September US$102.8m share placement in December)
  • 2011: Greka Drilling Limited dividend in specie Sinoenergy divestment PetroChina Huabei pipeline connection US$50m equity placing in March Shizhuang South Block infrastructure update
  • 2012: Pipeline gas sales begin with 20-year sales agreement between Zhengzhou Greka Gas Co Ltd and PetroChina Huabei Oilfield Company NED addition: Wayne Roberts Greka Engineering & Technology Limited formed