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Xtreme Drilling Corp (XDC.TO)

XDC.TO on Toronto Stock Exchange

2.34CAD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Xtreme announces terms of CDN$25 mln substantial issuer bid
Wednesday, 19 Apr 2017 08:30am EDT 

April 19 (Reuters) - Xtreme Drilling Corp ::Xtreme announces terms of CDN$25,000,000 substantial issuer bid.Xtreme Drilling Corp - will offer to purchase for cancellation up to 10.4 million of common shares for aggregate purchase price not to exceed cdn$25 million.Xtreme Drilling - offer will be conducted through "modified dutch auction" within a price range of not less than C$2.40/share and not over C$2.80/share.Xtreme Drilling Corp- intend to fund offer with available cash on hand.  Full Article

Xtreme Drilling announces additional strategic initiatives
Monday, 3 Apr 2017 05:53pm EDT 

Xtreme Drilling Corp - : Announces additional strategic initiatives to deliver value to shareholders and increase competitiveness in us resource plays . Intention to explore strategic options with respect to eight shallower capacity AC electric XDR 200 and 300 drilling rigs . By end of 2017 xtreme will have 13 rigs that fit this category, ten XDR 500 and three 850XE rigs . Commencement of substantial issuer bid to purchase Xtreme common shares . Intends to undertake substantial issuer bid to purchase up to aggregate of $25 million in xtreme shares through a Dutch auction tender process . Board of directors has appointed an independent committee of directors to set price and details around proposed issuer bid . Company will continue to operate existing three rig XDR 200 operation in Canada while strategic options are evaluated . Xtreme Drilling Corp - "Company is reviewing international opportunities to deploy rigs alongside potential for an outright sale" .Xtreme anticipates an additional rig to be contracted in q2 for a q4 2017 delivery.  Full Article

Xtreme Drilling qtrly loss per basic share $0.13
Thursday, 9 Mar 2017 12:14am EST 

Xtreme Drilling Corp : Qtrly loss per basic share $0.13 . Xtreme Drilling Corp. Announces full year 2016 financial and operating results, 2017 outlook and a long term contract for the first 850XE rig .Qtrly revenue related to drilling services of $9.9 million, a decrease from three months ended dec 31, 2015, of $23.4 million.  Full Article

Xtreme Drilling Corp reports Q3 revenue C$8.5 million
Thursday, 3 Nov 2016 08:18pm EDT 

Xtreme Drilling Corp : Xtreme Drilling Corp announces third quarter 2016 financial and operating results . Q3 revenue C$8.5 million .Q3 revenue view C$10.8 million -- Thomson Reuters I/B/E/S.  Full Article

Xtreme Drilling Corp reports Q3 revenue C$8.5 million
Thursday, 3 Nov 2016 07:49pm EDT 

Xtreme Drilling Corp : Xtreme Drilling Corp announces third quarter 2016 financial and operating results . Q3 revenue C$8.5 million .Q3 revenue view C$10.8 million -- Thomson Reuters I/B/E/S.  Full Article

Xtreme Drilling and Coil Services Corp announces sale of XSR Coiled Tubing services segment to Schlumberger for C$205 Million
Wednesday, 27 Apr 2016 08:45am EDT 

Xtreme Drilling and Coil Services Corp:It and certain of its affiliated companies have entered into a definitive agreement with two affiliated companies of Schlumberger.Pursuant to agreement which purchasers have agreed to acquire all of assets, including 11 XSR coiled tubing units and associated intellectual property, of Xtreme's XSR Coiled tubing services segment for total proceeds of C$205 million.  Full Article

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