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Bullboard - Stock Discussion Forum Stampede Drilling Inc V.SDI

Alternate Symbol(s):  STPDF

Stampede Drilling Inc. is a Canada-based energy services company that provides contract drilling services in Western Canada. The Company operates a fleet of approximately 18 telescopic double drilling rigs and one high spec triple drilling rig suited for most formations within the Western Canadian Sedimentary Basin (WCSB). It offers oilfield services to the oil and natural gas industry in the... see more

TSXV:SDI - Post Discussion

Stampede Drilling Inc > ACQUIRES THREE TELESCOPIC DOUBLE DRILLING RIGS TSXV: SDI
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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.

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