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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):  T.AKT.B | AKTAF

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 > Still only 9 rigs in Canada?
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Post by auburn2 on Aug 07, 2024 5:37pm

Still only 9 rigs in Canada?

9 rigs is what they had for Q2. 9 rigs isn't going to achieve an oustanding qtr. US activity is even weaker.
Comment by lifeisgood1010 on Aug 08, 2024 7:19am
Your 9 actual rigs in Canada are accurate (6-3) D.Reynolds said by the end of August Akita should have 11 to 12 rigs operating in Canada and in 11 to 12 in the US. It is August 8th, not August 31th.Let see at the end of the month if he was right or wrong. I have no reason to doubt him.Surely plan from their customers can change or be delayed. We will find out in the next 23 days. If they were ...more  
Comment by auburn2 on Aug 08, 2024 5:39pm
Where do you see the reference to 11 or 12 rigs in the US by the end of August? I only see US activity in general is way down from 2023.
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Investor Presentation

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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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Contact Us

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