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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (11718)7/14/1998 9:23:00 PM
From: Kerm Yerman  Read Replies (1) of 15196
 
SERVICE SECTOR / Underbalanced Drilling Systems Board Of Directors Change

UNDERBALANCED DRILLING SYSTEMS CORPORATION - CHANGES TO THE BOARD
OF DIRECTORS

CALGARY, July 14 /CNW/ -

UNDERBALANCED DRILLING SYSTEMS CORPORATION (''UDSC'') announces that:

Mr. Rick Ryan has been appointed to the Board of Directors for UDSC. Mr.
Ryan is President and Chief Executive Officer of Ryan Energy Technologies
Inc., a leading Canadian oilfield service company that provides a host of
directional drilling services.

Mr. Frank A. Benevento II was elected a Director at the annual
shareholders' meeting. Mr. Benevento is President of Benevento Financial
Group Inc., has served as a Board member of companies in Canada and the United
States, including Baroid Corporation, EnServ Corporation, Smith International
Inc., and is former Chairman and CEO of Sub Sea International Inc.

U.D.S.C.'s shares trade on the ASE under the symbol UDS.

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