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Oil & Gas Drilling

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Western Energy issues statement in regards to its agreement with Savanna Energy

Friday, 17 Mar 2017

Western Energy Services : Western Energy Services underlines offer premium and looks to "cut through noise" around its agreement with Savanna Energy Services Corp . determined that it was prepared to increase consideration payable in arrangement to create a larger margin of difference . looks forward to continuing to communicate its perspective on exceptional proposed business combination of Western and Savanna .continues to be willing to engage with Franklin Bissett, Invesco and Foyston in relation to the offer.

Parker Drilling posts Q4 adj. loss per share $0.33

Wednesday, 15 Feb 2017

Parker Drilling Co : Parker Drilling reports 2016 fourth quarter results . Q4 adjusted loss per share $0.33 excluding items . Q4 earnings per share view $-0.38 -- Thomson Reuters I/B/E/S . Q4 revenue $94 million versus I/B/E/S view $95.4 million . "our Q4 results were in line with our expectations in face of ongoing market challenges" . Parker drilling -"for 2017, we have identified a number of growth opportunities and estimate total capital expenditures of $40 to $50 million" . In quarter, co "also saw continued multi-well rig inquiries in U.S. barge business" . Contracted backlog for drilling services was $379 million at end of Q4 compared with $421 million as of September 30, 2016 .Qtrly loss per share $0.39.

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