CALGARY, Alberta, May 08, 2018 -- Trinidad Drilling Ltd. is pleased to announce the voting results from its Annual Meeting of Shareholders held on May 8, 2018 . 1. Shareholders elected the following directors: Director Votes For Votes Withheld Michael Heier 59.16% 40.84% Jim Brown 90.48% 9.52% Brian Burden 90.48% 9.52% David Halford 90.72% 9.28 [...]
Alberta, May 07, 2018 -- Trinidad Drilling Ltd. announced its first quarter 2018 results today. In the first quarter of 2018, underlying market conditions continued to improve and, excluding the impact of early termination and standby revenue, Adjusted EBITDA1 and dayrates in all operating segments increased compared to the same quarter last year [...]
CALGARY, Alberta, April 24, 2018 -- Trinidad Drilling Ltd. is pleased to announce that Institutional Shareholder Services Inc. and Glass Lewis & Co. , two leading independent proxy advisory firms, have recommended that their institutional clients vote in favour of all the resolutions being considered at Trinidad's Annual Meeting of Shareholders [...]
Alberta, April 12, 2018 -- Trinidad Drilling Ltd. announced that it has agreed to sell its three remaining rigs located in Saudi Arabia owned by its international joint venture, Trinidad Drilling International 1. The rigs and related equipment will be sold for approximately US$30 million each, or US$91 million in total gross proceeds [...]
Alberta, April 05, 2018 -- Trinidad Drilling Ltd. is pleased to announce that we will release our first quarter 2018 results after market close on Monday, May 7, 2018. The news release will provide consolidated operating and financial information. The full management’s discussion and analysis, as well as the consolidated financial statements [...]
Alberta, April 04, 2018 -- Trinidad Drilling Ltd. announced that Amended and Restated By-Law No. 1 included in the management information circular of Trinidad dated March 7, 2018, has been amended in order to further align it with corporate governance best practices. The By-law, as amended, will be submitted for approval at the upcoming meeting of [...]
CALGARY, Alberta, Feb. 26, 2018 -- Trinidad Drilling Ltd. announced its fourth quarter and year-end 2017 results today. In 2017, activity grew significantly over the levels recorded in the previous year. In the US and international operations, activity increased by 108.6%, and in the Canadian operations, activity grew by 46.5%. The increase in [...]
Alberta, Feb. 20, 2018 -- Trinidad Drilling Ltd. today announced that Trinidad's Board of Directors has commenced a formal process to initiate a strategic review in an effort to enhance shareholder value. Trinidad believes that the current trading price of its common shares does not reflect the value of the Company, despite improving industry [...]
Alberta, Feb. 13, 2018 -- Trinidad Drilling Ltd. is pleased to announce that we will release our fourth quarter and year-end 2017 results after market close on Monday, February 26, 2018. The news release will provide consolidated operating and financial information. The full management’s discussion and analysis as well as the consolidated [...]
Alberta, Jan. 29, 2018 -- Trinidad Drilling Ltd. announced that it is moving eight rigs to the Permian Basin, TX to meet increased customer demand. The rigs will be redeployed from the Company’s existing global operations, including Canada. Trinidad is prepared and well positioned to respond quickly to the improving market conditions with a [...]
Alberta, Jan. 08, 2018 -- Trinidad Drilling Ltd. provided an update on progress rolling out its RigMinder technology platform. In addition, the Company is lowering its guidance for 2018 general and administrative expenses to $43 million, following a thorough review of its cost structure. The new guidance represents a reduction of nearly 20% from [...]
Alberta, Dec. 14, 2017 -- Trinidad Drilling Ltd. announces its 2018 capital spending budget of approximately $40 million, comprised largely of maintenance capital to be spent on its North American fleet. In addition, Trinidad has been awarded a contract in Bahrain with operations expected to start in early 2018. “Our 2018 capital budget is [...]
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