EDC: 1H Results – Revenues Down, Income Down, Horizontal and Lukoil Drilling Metres Up
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, 2014. The reviewed 2014 Interim Consolidated Financial Statements for the six months ended June …
Eurasia Drilling Company Continues GDR Repurchase Program
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on July 8, 2014 a subsidiary of the Company purchased 85,000 of the Company’s Global Depositary Receipts at the price of USD 31.53 per GDR. One GDR represents one ordinary share in …
Eurasia Drilling Company: Buys Back GDR’s
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, announced today that on April 11 and April 18, 2014 a subsidiary of the Company purchased 70,000 of the Company’s Global Depositary Receipts (“GDRs”) at the average price of USD 23.81 per GDR. One GDR …
RPI: Horizontal Drilling in Russia
Horizontal drilling increased by 80% in both KMAD and East Siberia between 2007-2012. The contribution to incremental drilling was roughly the same in both regions. As a result, horizontal drilling is rising at a steady pace in Russia due to both the development of new fields in greenfield oil producing …
EDC Reports 2013 Full Year Results: NET Income up 13%
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, 2013, prepared in accordance with US GAAP. The audited Consolidated Financial Statements for the twelve months ended December 31, 2013, and Management’s Report on …
EDC Group: Announces Share Repurchase Program
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that the Board of Directors of EDC on February 18, 2014 authorized the Company’s Management to buy-back some of its Global Depositary Receipts commencing April 2, 2014 (post the announcement of FY 2013 …
EDC Announces Dividend of USD 0.92 per Share
Eurasia Drilling Company Limited, the leading onshore & offshore drilling service provider in the CIS, announced today that it will pay a dividend on January 17, 2014 of USD 0.92 per share (FY2012: USD 0.70) to shareholders of record as of December 31, 2013. The dividend was declared by the …
EDC Third Quarter 2013 Update
Eurasia Drilling Company Limited (“EDC” or the “Company” – LSE: EDCL), the leading onshore & offshore drilling service provider in the CIS, today announced its operational and financial update for the nine months ending September 30, 2013. The financial data is based on management assessment only and has not been …
EDC Announces New Senior Appointments
Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today announces two important appointments to its senior management team. Atle Løge, has been appointed Vice President, Business Development of EDC. Atle has 27 years experience of the oilfield services sector. He joins from Baker Hughes …
EDC Announces New LUKOIL Framework Agreement
Eurasia Drilling Company Limited announced today that it has signed a new long-term framework agreement for onshore drilling and completion operations with OAO LUKOIL. The new framework agreement, which concludes on December 31, 2015, defines pricing methodology and minimum work volumes (metres drilled) for exploration and production drilling in Russia. …