Exploration Drilling International Inc.
OTC Bulletin Board : EXDL

Exploration Drilling International Inc.

August 13, 2007 03:00 ET

EDI Exploration Drilling International GmbH Appoints Christian Runge to Management Team

BLAINE, WASHINGTON--(Marketwire - Aug. 13, 2007) - Exploration Drilling International Inc. (OTCBB:EXDL) (the "Company"), announced today that, effective on August 1, 2007, its wholly owned subsidiary, EDI Exploration Drilling International GmbH ("EDI GmbH"), has appointed Christian Runge to the position of Managing Director - Chief Marketing Officer. Mr. Runge, a qualified economist and marketing expert, will be responsible for managing EDI GmbH's international sales and key accounts.

Christian Runge, 44, began his career with the GEA Group in Bochum before successfully founding a number of his own companies. Most recently, Mr. Runge was responsible for building up the European sales structure of a technology-oriented supplier to the automotive industry. In the course of his diverse activities, Mr. Runge has acquired a wide range of experience, including operational experience within Europe, Africa, Brazil and the United States.

As CEO and chairman of the management board, Rainer Rotthaeuser will continue to be responsible for the strategic direction of EDI GmbH, while Guenter Thiemann, as CFO, remains in charge of financial development for EDI GmbH.

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. At present, drilling projects are being prepared, or are already underway, in Namibia and the Persion Gulf region.

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).

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.

Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.

EXPLORATION DRILLING INTERNATIONAL INC.

Guenter Thiemann, Chief Financial Officer and Treasurer

Contact Information

  • EDI Exploration Drilling International GmbH
    Dipl.-Ing. Rainer Rotthauser
    Chairman of the Management Board and CEO
    +49-2364-60 44 28
    +49-2364-60 44 29 (FAX)
    Email: r.rotthaeuser@edipower.com