Moscow, March 07, 2017

Announcement regarding Potential Investment

Email Page

 

7 MARCH 2017

EURASIA DRILLING COMPANY LIMITED

ANNOUNCEMENT REGARDING POTENTIAL INVESTMENT

 

Eurasia Drilling Company Limited (the "Company") notes the recent press speculation regarding a potential investment in the Company by a consortium of investors.

The Company, as a matter of course, considers raising finance for its working capital and other balance sheet requirements and confirms that it continues to be in active discussions with potential investors to raise such finance.

There is no certainty that any transaction will be progressed or as to the terms on which it may be made.  A further announcement will be made if and when appropriate.

 

Enquiries:

Eurasia Drilling Company Limited

Tom O'Gallagher, VP Investor Relations

+44 (0)20 7717 9707

investors.relations@eurasiadrilling.com

 

***

 

 

Next: 01 June 2017: Principal Terms for Investment Agreed