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Eurasia Drilling Co (EDCL)

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Wednesday 04 July, 2012

Eurasia Drilling Co

Management Share Dealing Notification

RNS Number : 9097G
Eurasia Drilling Company Limited
04 July 2012
 



News Release

 

Management Share Dealing Notification

 

MOSCOW, July 04, 2012 -Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) has been notified that The Earl of Clanwilliam, Chairman, sold 1,878 GDRs of the Company at the price of USD 25.07 per GDR on June 27, 2012. After this transaction, The Earl of Clanwilliam's total holdings in the Company amount to 7,350 GDRs (equivalent to 7,350 common shares), representing around 0.005% of the Issued and Outstanding Shares of the Company.

 

 

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EDC is the largest provider of onshore drilling services in Russia, as measured by the number of meters drilled, providing onshore integrated well construction services and workover services.  In addition, the Company provides offshore drilling services in the Caspian Sea.  The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea.    The Company is traded on the London Stock Exchange under the symbol "EDCL".

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For further information, please contact:

 

Kim L. Kruschwitz, VP Investor Relations

+44 (0) 207 717 9707

investors.relations@eurasiadrilling.com

 

Hudson Sandler

Andrew Hayes/ Maria Ignatova

+44 (0)20 7796 4133 

 

July 04, 2012

 

Some of the views expressed in this document may constitute "forward looking statements" that involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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