Greka Drilling : Share price movement

Greka Drilling Limited

('Greka Drilling' or the 'Company')

Greka Drilling Limited (AIM: GDL), the largest independent and specialized unconventional oil & gas driller in Asia, has noted the fall in the Company's share price; it is not aware of any reason for such movement and, consistent with previous years, intends to make an Operations Update in early February.

For further information on Greka Drilling, please refer to the Company's website at www.grekadrilling.com or contact:

James Henderson / Rollo Crichton-Stuart Investor Relations Bell Pottinger	[phone]
Dr Azhic Basirov / David Jones / Ben Jeynes Nominated Adviser Smith & Williamson	[phone]
James Felix Broker Arden Partners	[phone]