SOURCE: Predator Drilling Inc.

December 17, 2015 16:52 ET

Building for a Positive Future - Western Canadian Drilling Company Expands Drilling Rig Fleet

RED DEER, AB--(Marketwired - December 17, 2015) -  Predator Drilling Inc. is pleased to announce the acquisition of 12 modern drilling rigs and associated assets. The new rigs, combined with Predator's existing fleet, bring their total fleet to 27 rigs.

Shane Walper, President & CEO of Predator Drilling states; "We are very excited about what these additional rigs mean to Predator Drilling. We have significantly strengthened our existing capacity to serve our clients with coring, surface setting and shallow horizontal drilling services. In addition, we now have state of the art slant drilling rigs and are able to offer services in the slant drilling market. Overall, this acquisition is accretive to the value of the company and despite the current industry challenges, we are grateful for the opportunity we have been afforded to grow our company and are optimistic about our future."

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