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

Energy Oil & Gas Drilling

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 > Permian

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Post by lifeisgood1010 on Mar 06, 2024 9:24am

Permian

I forgot to mentionned this.

Right now, 14 of the 15 riigs that Akita has are located in the Permian.The more infrastructure
in the Permian, the better it could be for oil company.The better for oil company= the better for drillers like Akita.

This news from enbrige can only be seen as a positive for the Permian sector.

CALGARY — Enbridge Inc. has announced about US$500 million in spending on new projects to grow its business in the U.S. including its export terminal in Texas and an expansion of its Gray Oak pipeline which carries oil from the Permian Basin to the U.S. Gulf Coast.

The company made the announcements as part of its investor day presentation in New York.

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CANADIAN RIGS U.S. RIGS PRESENTATION SENIOR EXECUTIVE TEAM INDIGENOUS PARTNERS ESG FINANCIALS

Investor Presentation

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

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