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BRIEF-Trinidad Drilling expects 2017 capital expenditures to be $40 mln
January 18, 2017 / 1:02 AM / 10 months ago

BRIEF-Trinidad Drilling expects 2017 capital expenditures to be $40 mln

Jan 17 (Reuters) - Trinidad Drilling Ltd :

* Trinidad Drilling Ltd - expects to spend approximately $40 million in capital expenditures in 2017

* Trinidad Drilling Ltd - co expects to utilize existing capital inventory items to upgrade and maintain its fleet in 2017

* Trinidad Drilling Ltd- “market conditions have improved over the past few months and we are seeing increased demand and growing activity levels”

* Trinidad Drilling-although co continues to evaluate opportunities in jv, at this time, there are no planned capital expenditures in 2017 for jv operations Source text for Eikon: Further company coverage:

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