PRECISION DRILLING CORPORATION Message Board

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Gold/Mining/Energy : PRECISION DRILLING CORPORATION

PD 11.22

-5.1%

Jan 16 9:30 AM EST

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To: EL KABONG!!! who wrote (111)	6/29/1998 9:33:00 AM
From: Howard Shlom	Read Replies (1) of 163

Monday June 29, 8:58 am Eastern Time Company Press Release Precision Drilling Corporation Announces The Acquisition of Sixteen Well Service Rigs CALGARY, British Columbia, June 29 /PRNewswire/ -- Precision Drilling Corporation (NYSE: PDS - news; Toronto: PD. - news) is pleased to announce that Drive Well Servicing has acquired 16 service rigs from Brockham Oilwell Servicing (1986) Ltd. and B.O.S. Well Servicing Inc., who carried on business under the trade names Widney Well Servicing and Brockham Oilwell Servicing. The acquisition was completed on June 25, 1998. Drive Well Servicing is a well servicing business carried on by EnServ Well Services Limited Partnership which is wholly owned, directly and indirectly, by Precision Drilling Corporation. The acquisition of these service rigs results in Drive Well Servicing operating a total of 76 service rigs and 21 snubbing units. Precision Drilling Corporation is listed on The Toronto Stock Exchange under the ticker symbol PD and on the New York Stock Exchange under the ticker symbol PDS. SOURCE: Precision Drilling Corporation

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