Eurasia Drilling Company: Reviewing Offer to Take the Firm Private
Eurasia Drilling Company Limited announces that it has received an offer for a potential merger with the intention to take the Company private (the “Merger Proposal”). The Board of Directors received the Merger Proposal from certain management and core shareholders this morning which included an offer consideration of US$10.00 per …
Eurasia Drilling Company: Murat Sampiev, Alexander Bogachev and Taleh Aleskerov Appointed as Directors
Eurasia Drilling Company Limited announces that based on Article 73A of the Articles of the Company, the Board appointed Messrs Murat Sampiev, Alexander Bogachev and Taleh Aleskerov as Directors to fill current vacancies on the Board. Murat Sampiev will be a Class I Director, Alexander Bogachev will be a Class …
EDC: Confirms Cancellation of EDC and Schlumberger Merger and Transactions Plus Financial Update
EURASIA DRILLING COMPANY LIMITED UPDATE ON MERGER Further to our press release of 25 September 2015 when we announced that Schlumberger had advised us that it would not be extending the Long Stop Date after 30 September 2015, we can now confirm that the long stop date has expired and …
Eurasia Drilling Company: 5 Board Members Resign
Eurasia Drilling Company Limited announces that Messrs. Richard Anderson, Maurice Dijols, Jed DiPaolo, Martin Hanson and Anatoliy Kozyrev have resigned as directors of the Company effective October 1, 2015. The Company wishes to thank them for their assistance in directing the activities of the Company during their tenure.
RPI: Drilling Quality, Not Quantity
In the Russian Federation 2014 became very significant in respect of qualitative change in the situation in the local drilling market. Firstly, the forecasts, only recently predicting fast growth of the open drilling market, did not come true. On the contrary, starting from spring of 2014 Rosneft built up its …
Eurasia Drilling: H1 Results – Revenue Down 40%, Exchange Rates and Drilling Activity Hitting Numbers
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today releases its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2015. The reviewed 2015 Interim Consolidated Financial Statements for the six months ended June …
Eurasia Drilling Company: 2014 Results – Drilled Metres Down 9.5%, Margin Up to 14.1%
Eurasia Drilling Company Limited,the leading onshore & offshore drilling service provider in the CIS, today announced its consolidated financial results for the year ended December 31, 2014, prepared in accordance with US GAAP. The audited Consolidated Financial Statements for the twelve months ended December 31, 2014, and Management’s Report on …
Eurasia Drilling Company: Appoint Taleh Aleskerov as CFO
Eurasia Drilling Company Limited has appointed Taleh Aleskerov as Chief Financial Officer commencing April 1, 2015. Mr. Aleskerov has served as Senior Vice President – Finance of the Company’s chief Russian subsidiary since 2007. W. Richard Anderson is resigning as the Company’s Chief Financial Officer effective April 1, but remaining …
Eurasia Drilling and Schlumberger: Merger Update – Deal Extended to 30th April
Eurasia Drilling Company Limited announces that Schlumberger B.V. (“SLB”) and the Company are continuing to cooperate with the Russian Federal Anti-Monopoly Service (“FAS”) and the Commission on Foreign Investment in relation to the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB. …
Petroneft: SGK Drilling Awarded Tungolskoye Drilling Contract
PetroNeft an oil & gas exploration and production company operating in the Tomsk Oblast, Russian Federation, is pleased to provide an update on operations at Licence 61. Highlights Tungolskoye • Tungolskoye Development drilling contract awarded to Eurasia Drilling, one of the largest drilling companies in Russia – Development will consist …