Cabo Drilling Recognized as One of the 2008 TSX VeCabo Drilling Recognized as One of the 2008 TSX Venture 50NORTH VANCOUVER, BRITISH COLUMBIA, Jun 19, 2008 (Marketwire via COMTEX News Network) --
CaboDrilling Corp. (TSX VENTURE:CBE)(FRANKFURT:DHL) ("Cabo Drilling" or the"Company") is pleased to announce its selection as one of the 2008 TSXVenture 50. The TSX Venture 50 are the top 10 companies in each of fivemajor industry sectors - mining, oil & gas, technology & lifesciences, diversified industries and cleantech - based on a rankingformula with equal weighting given to one-year revenue (last reported12 months), return on investment, market cap growth and trading volume.All data was as of December 31, 2007.
"With over 2,100companies listed on the TSX Venture Exchange we are extremely proud tobe included in the "2008 TSX Venture 50." To be recognized amongst ourpeers as one of the top 10 companies in our sector truly demonstratesthe accomplishment of our Company and the hard work and diligence ofthe entire Cabo Drilling team over the four short years that we havebeen a publicly traded drilling company" said John Versfelt, Presidentand CEO.
"We look forward to another year of hard work,corporate growth and success for our shareholders as we continue toexpand our markets and provide exceptional service to our clients. Onbehalf of the Company and our shareholders, we thank the TSX VentureExchange for its recognition of Cabo Drilling."
About Cabo Drilling Corp. (TSX VENTURE:CBE)
CaboDrilling Corp. is a drilling services company headquartered in NorthVancouver, British Columbia, Canada. The Company provides miningrelated and specialty drilling services through its Canadian divisionsin Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario;and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A.de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. ofPanama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla,Spain. The Company's common shares trade on the Frankfurt Exchangeunder the symbol: DHL, and on the TSX Venture Exchange under thesymbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt
Chairman, President and CEO