Logan International Inc.

Logan International Inc.

February 12, 2014 09:00 ET

Logan International Inc. Announces Executive Appointment

CALGARY, ALBERTA--(Marketwired - Feb. 12, 2014) - Logan International Inc. (TSX:LII) ("Logan" or the "Company") today announced that it has agreed to terms with David MacNeill. Mr. MacNeill will serve as the Company's Chief Operating Officer and is scheduled to join the Company in mid-March.

"We are delighted that Dave has decided to join us. He brings approximately twenty years of oilfield industry management experience as well as strong entrepreneurial vigor. We look forward to his contributions to the Company," stated Chief Executive Officer, Gerald Hage.

"I am pleased to join the Logan organization and am looking forward to begin working with the management team," Mr. MacNeill said.

Mr. MacNeill is currently the President and Chief Operating Officer of DoubleBarrel Downhole Technologies where he took a leadership position in moving the company to commercialization of its products. Prior to his current position, Mr. MacNeill held several positions with National Oilwell Varco, including Vice-President Eastern Hemisphere Operations, where he was responsible for managing drilling tools and fishing tools, among other products. During his career, he also worked with Schlumberger where he was focused primarily in drilling engineering in the Eastern European and the Far East markets.

Logan manufactures and sells a comprehensive line of quality fishing and intervention tools, including retrieving, surface, stroking and remedial tools for a variety of well workover, intervention, drilling, and completion activities (Logan Oil Tools, Inc.); manufactures and sells high-performance poly-crystalline diamond compact ("PDC") cutters and bearings (Logan SuperAbrasives); manufactures and sells packers, bridge plugs, and other completion products (Kline Oilfield Equipment, Inc.); provides proprietary multi-zonal completion technology and conventional completion production products and services (Logan Completion Systems Inc.); provides proprietary products, services and technologies to enhance production in sand-laden heavy oil wells (Scope Production Development Ltd.); rents a proprietary tool that improves horizontal drilling effectiveness by reducing well-bore friction (Xtend Energy Services Inc.); and rents drilling jars in North America (Logan Jar, LLC). The common shares of Logan are traded on the Toronto Stock Exchange (TSX) under the ticker symbol "LII".

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein in any jurisdiction. For more information about Logan International Inc., please visit our website at www.loganinternationalinc.com.

Contact Information

  • Logan International Inc.
    Gerald Hage
    Chief Executive Officer

    Logan International Inc.
    Larry Keister
    Chief Financial Officer