TSXV:SDI - Post Discussion
Post by
Betteryear2 on Apr 21, 2022 10:23am
ACQUIRES THREE TELESCOPIC DOUBLE DRILLING RIGS TSXV: SDI
CALGARY, AB , April 21, 2022 /CNW/ - Stampede Drilling Inc. ("Stampede" or the "Corporation") (TSXV: SDI) is pleased to confirm the acquisition, from a third party, of three telescopic double drilling rigs, two top drives and ancillary equipment (collectively, the "Rigs"). The purchase price was approximately $5 million, paid in cash. Stampede anticipates an additional $3 million of incremental capital expenditures during the second quarter of 2022 for recertifications and to upgrade the three Rigs to be consistent with its fleet of modern drilling rigs. Stampede has committed the three Rigs to customers coming out of spring breakup.
Be the first to comment on this post