United States

Parker Drilling Co (PKD.N)

PKD.N on New York Stock Exchange

26 Sep 2016
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$-0.04 (-1.93%)
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Tue, Aug 2 2016

BRIEF-Parker drilling q2 loss per share $0.32 including items

* Contracted backlog increased from $228 million at end of q1 to $446 million as of june 30

BRIEF-Parker Drilling secures amendment to credit facility

* Credit facility maturity date of January 2020 was not changed

BRIEF-Parker Drilling says customer extended Sakhalin O&M contract

* Extension, inclusive of additional new rig, is expected to add in excess of $180 million in revenue backlog over course of contract

BRIEF-Parker Drilling says one Arctic-class drilling rig in Alaska placed on standby in Q1

* In form 10-Q filed on May 5, 2016, stated one of our two Arctic-class drilling rigs in Alaska was placed on standby in Q1

BRIEF-Parker Drilling says CEO Gary Rich's 2015 compensation was $2.8 mln vs $2.3 mln in 2014

* Ceo Gary Rich 2015 total compensation $2.8 million versus 2014 total compensation $2.3 million - sec filing

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