AKITA Approves Construction of New Pad Rig

News provided by

AKITA Drilling Ltd.

Mar 06, 2014, 10:35 ET

CALGARY, March 5, 2014 /CNW/ - AKITA Drilling Ltd. ("AKITA") announced today that it has approved construction of a new state of the art pad rig for Western Canada, scheduled to be available for use in early 2015.

AKITA is an Alberta corporation engaged in the contract drilling business in Western Canada and is listed on the Toronto Stock Exchange under the symbol AKT.

SOURCE: AKITA Drilling Ltd.

Murray Roth
Vice President, Finance and Chief Financial Officer
(403)292-7950

Organization Profile

AKITA Drilling Ltd.

AKITA is a premier oil and gas drilling contractor with a fleet of 37 drilling rigs. AKITA provides drilling services through two geographical segments: Canada and the United States (“US”). With a fleet of 20 drilling rigs, AKITA’s Canadian division operates in Alberta,...