Greka Drilling Limited is pleased to provide an operations update for H1 2015.

Operational Highlights

• 28 wells drilled during H1 2015 (H1 2014: 19 wells), of which: •19 wells drilled in China ◦2 Laterals ◦17 Verticals and directionals

•9 wells drilled in India •18 wells drilled (64%) for Green Dragon Gas Ltd. ('Green Dragon Gas') •10 wells drilled (36%) for other clients

• Total of 26,367 metres drilled in H1 2015, a 25% increase over H1 2014 (21,159 metres) •16,447 metres drilled in China •9,920 metres drilled in India

• 20,721 man-hours of training were conducted for Company staff in China and India during H1 2015, a 137% increase over H1 2014 (8,752 man-hours)

• Vertical wells drilled in China averaged 11.2 days compared to 9.3 days in H1 2014

• Directional wells drilled in China averaged 11.8 days compared to 11.5 days in H1 2014

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