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BRIEF-Trinidad Drilling says increased capital expenditure budget for 2017 by $80 mln
May 2, 2017 / 3:35 AM / 8 months ago

BRIEF-Trinidad Drilling says increased capital expenditure budget for 2017 by $80 mln

May 1 (Reuters) - Trinidad Drilling Ltd

* Announced that it has increased its capital expenditure budget for 2017 by $80 million

* In 2017, Trinidad expects to spend approximately $175 million in capital expenditures

* Trinidad Drilling - expects to recover upgrade capital invested in 2017 through incremental adjusted EBITDA on an annualized basis within 2.5 years Source text for Eikon: Further company coverage:

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