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Hughes Drilling Ltd (HDX.AX)

HDX.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hughes Drilling updates on operations and bank debt
Sunday, 24 Jul 2016 08:01pm EDT 

Hughes Drilling Ltd : Remains in discussions with its senior financier (bank) and that these discussions are advancing . Bank continues to maintain its lending facilities and is working with the company to restructure these facilities . Co is in ongoing communications and discussions with the ATO . Company has requested a continuation of its voluntary suspension from the asx for a further period of 14 days .  Full Article

Hughes Drilling says breached certain banking covenants in place with senior financier
Sunday, 3 Jul 2016 08:19pm EDT 

Hughes Drilling Ltd : Says has breached certain banking covenants in place with its senior financier . Says company is working with its senior financier to restructure the company's current lending facilities . A strategic review of the multiple accounting systems being used across the group is being undertaken . Says managing director Robert Hughes to step down from board and director/president of all subsidiary companies effective July 1 2016 .  Full Article

Hughes Drilling announces new contract and contract extension
Monday, 28 Mar 2016 07:09pm EDT 

Hughes Drilling:New contract and contract extension.Awarded 2 year contract extension by Ramelius Resources for on mine grade control drilling services at mt magnet gold operations.Awarded a new contract with South32 for a term of 18 months.  Full Article

Hughes Drilling Ltd says entered into a long term agreement with Downer EDI Limited
Thursday, 3 Sep 2015 06:26pm EDT 

Hughes Drilling Ltd:Says entered into a long term agreement with Downer EDI Limited.Says contract is to provide services over three year period with option by both parties to extend agreement by a further two years.Says contract will require six reichdrill production drill rigs which will be a mixture of new and existing fleet.  Full Article

Hughes Drilling signs agreement to provide overburden drilling services
Monday, 15 Jun 2015 01:00am EDT 

Hughes Drilling Ltd:New overburden production drilling contract.Signs a long term agreement to provide overburden drilling services to three mines owned and operated by the Yancoal Group.Says new contract commences on July 1st for a period of three years at yarrabee coal mine, cameby downs coal mine and duralie coal mine.Yancoal group's coal production is planned to grow over the next five years.  Full Article

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