CALGARY, Jan. 22, 2018 /CNW/ - AKITA Drilling Ltd.
("AKITA" or the "Company") announces its expansion into the Permian
Basin.
The Company is pleased to announce that AKITA Drilling Inc.,
AKITA's wholly-owned USA
subsidiary, has contracted Rig 90, an ultra-high spec deep capacity
rig, with a major USA operator
that has a significant presence in the Permian Basin. Rig 90 was
redeployed from the Western Canadian natural gas basin, where it
faced limited opportunities to work, and is well equipped to drill
the deepest lateral wells of the Permian Basin. In addition to Rig
90, AKITA has other rigs that are well suited for USA redeployment.
AKITA is an Alberta corporation
engaged in the contract drilling business in Western Canada, the North, and now, the
Permian Basin. The Company is listed on the Toronto Stock
Exchange under the symbol AKT.
Forward-Looking Information: Certain statements contained in
this news release may constitute forward-looking information.
Forward-looking information is often, but not always, identified by
the use of words such as "anticipate", "plan", "estimate",
"expect", "may", "will", "intend", "should", and similar
expressions. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking information. The Company believes that the
expectations reflected in the forward-looking information are
reasonable, but no assurance can be given that these expectations
will prove to be correct and such forward-looking information
should not be unduly relied upon. In particular, there can be no
assurance that a transaction will be completed. Any forward-looking
information contained in this news release represents the Company's
expectations as of the date hereof, and is subject to change after
such date. The Company disclaims any intention or obligation to
update or revise any forward-looking information whether as a
result of new information, future events or otherwise, except as
required by applicable securities legislation.
SOURCE AKITA Drilling Ltd.