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FAST-MOVING, HIGH-PERFORMANCE DRILLING RIGS
Leading intermediate North American land drilling contractor



Bullboard - Investor Discussion Forum AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  AKTAF | T.AKT.B

AKITA Drilling Ltd. provides contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The Company is an oil and gas drilling contractor with a fleet of about 32 drilling rigs. Its United States fleet is supported out of its operations base in Midland, Texas and consists of 13 high specification AC triple rigs, one high specification AC double rig and... see more

TSX:AKT.A - Post Discussion

AKITA Drilling Ltd > Q4 results and 3 rigs drilling for Cenovus not 2
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Post by lifeisgood1010 on Mar 06, 2024 9:20am

Q4 results and 3 rigs drilling for Cenovus not 2

Every morning on Baystreet.ca web site there is a list of all TSX company
reporting for the day.

Akita is not on today's list so i cannot confirm the date of Q4 reporting
.I forgot to ask the date in my last email to IR.

Last year Akita reported after the close on March 20th.

With slow activity in Q4, i have low expectation for sales and EPS for this coming Q4

For me, it's all about 2024 and 2025.My investment in akita is all about a turn around situation.

Akita will be trending to the old Akita we used to know.It will be a gradual process.

They need to tackle the LT debt.But from the info. i am receiving,they seem very resolve and confidend in their futur sucess.

P.S. Yestersay, i wrote that they had 2 rigs drilling for Cenovus working.In fact, it's 3.There was one on the move and it is now drilling.

Nice day to all
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Akita Drilling Ltd. With CEO - Colin Dease & CFO Darcy Reynolds

Investment Opportunity

Leading Intermediate North American Land Drilling Contractor

14 high-spec drilling rigs
operating exclusively in the
US Permian Basin

17 Canadian drilling rigs primary tailored for oilsands development and a growing deep gas presence

Value of rigs almost 7x market cap

Free Cash Flow of $21 million generated in the first half of 2023



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Shareholders and security analyst inquiries should be directed to:
Darcy Reynolds
– Vice President, Finance and Chief Financial Officer

1000, 333 – 7th Ave SW
Calgary, Alberta T2P 2Z1
Phone: (403) 292-7537
Email: darcy.reynolds@akita-drilling.com