Eurasia Drilling Company

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”) to respond to requests for information regarding the transaction described in the circular to Shareholders dated 20 January 2015.  The merger (the “Merger”) between the Company and …

Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …

Russia’s Eurasia Drilling said on Friday it was delaying a deal to sell a stake in the company to Schlumberger, pending approval from Russia’s Federal Anti-Monopoly Service (FAS). Last month, oil services giant Schlumberger said it planned to buy a 45.65 percent stake in Eurasia for about $1.7 billion, potentially …

Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, provides the following operational update. Drilling operations on VM Drilling operations are underway on the VM#3 well, which is being partially re-drilled after mechanical difficulties caused operations to be suspended late in …

Eurasia Drilling Company Limited announced that it had agreed with certain members of the Company’s management team and certain significant shareholders the terms of a merger between the Company and EDC Acquisition Company Limited, a company formed by one of the Participants solely for the purposes of the Merger, under the provisions …

Following this morning’s announcement of Eurasia Drilling’s take private and Schlumberger’s US$1.7 billion investment in the Company post transaction, Kirill Dmitriev, CEO of the Russian Direct Investment Fund, commented, “This is a real vote of confidence by a major global company in Russian growth opportunities and the fundamentals of the oil …

Update 25/9/15 Eurasia Drilling Company Limited announces that Schlumberger B.V. has advised the Company that SLB will not extend the long-stop date for completion of the proposed merger between the Company and EDC Acquisition Company Limited (“EACL”) and the related transaction with SLB (the “Transaction”) after 30 September 2015. The …

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, today announced its operational and financial update for the nine months ending September 30, 2014. The financial data is based on management assessment only and has not been reviewed by external auditors. NINE MONTHS 2014 …

Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that on September 23, 2014 the Board of Directors of EDC approved the extension of its Share Repurchase Program for an additional six month period starting October 2, 2014, once the current Share …

Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on September 19 and September 22, 2014 a subsidiary of the Company purchased 50,500 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 25.91 per GDR. One GDR …