Exploration Drilling International Inc.
OTC Bulletin Board : EXDL

Exploration Drilling International Inc.

November 05, 2007 03:00 ET

EDI Exploration Drilling International GmbH Increases Authorized Capital

BLAINE, WASHINGTON--(Marketwire - Nov. 5, 2007) - Exploration Drilling International Inc. (OTCBB:EXDL) (the "Company") announced today that its wholly owned operating subsidiary, EDI Exploration Drilling International GmbH ("EDI GmbH"), based in Haltern am See, Germany, has increased its authorized capital by 414,250 euros to a total of 450,000 euros.

This increase in EDI GmbH's authorized capital will allow EDI GmbH to restructure its finances with the hope of improving EDI GmbH's credit rating.

Innovative drilling technology: finding and efficiently utilizing the earth's resources.

EDI GmbH's principal focus is to provide services for locating and accessing underground natural resources in an economical and efficient manner and for the long-term efficient use of those resources. EDI GmbH specializes in innovative drilling and well building technologies, and has developed a drilling system that allows drinking water deposits to be explored and exploited at a cost of up to 40% less than conventional systems. This patent protected technology allows multiple water horizons to be sampled using a single borehole, greatly reducing the time and costs associated with exploratory well drilling. Currently, drilling projects are being prepared, or are already underway, in Namibia and Pakistan.

EDI Exploration Drilling International GmbH is the wholly owned German subsidiary of Exploration Drilling International Inc. with its head office in Blaine, Washington State. Exploration Drilling International Inc.'s shares are traded in Frankfurt (WKN: A0LCJB, ISIN: US30216C1009) and on the over the counter market in the United States (OTCBB:EXDL). EDI GmbH was founded in 2004 in Haltern am See, Germany where the firm is still based. EDI GmbH is led by the management team of Dipl.-Ing. Rainer Rotthauser, Dipl.-Kfm. Gunter Thiemann and Dipl.-Ok. Christian Runge. More information can be found at www.edipower.com.

This Press Release may contain, in addition, to historical information, forward-looking statements. These statements may involve known and unknown risks and uncertainties and other factors that may cause actual results to be materially different from the results implied herein. In particular, the market for well drilling services and equipment is highly competitive. There are a number of contractors and equipment providers who are better established and have more resources than the Company. In addition, these competitors use drilling and well construction techniques that are more established than the technologies developed and marketed by the Company. There are no assurances that the Company will be able to gain market acceptance for its technologies or that the Company will be able to effectively compete with its more well established competitors.


Guenter Thiemann, Chief Financial Officer and Treasurer

Contact Information