EDC Drilling Performance 29% Ahead of Last Year

Eurasia Drilling Company Limited (“EDC” or the “Company”) (LSE: EDCL) has recently begun posting the number of meters and wells drilled onshore each month, and year-to-date, on its website (www.eurasiadrilling.com).  The latest posting shows meters & wells drilled onshore in July and YTD 2008, plus a comparison to 2007 performance over the same periods.

In July 2008 EDC’s onshore operations drilled 383,828 metres and 129 wells, as compared to 305,126 metres and 96 wells in July 2007.   YTD 2008 EDC has drilled a total of 2,369,437 metres and 842 wells, which is 29% ahead of last year’s pace (1,838,456 metres and 644 wells drilled Jan-Jul 2007).

EDC continues to increase drilling volumes in response to growing customer demand, through better utilization of its existing resource base and through additions of new capacity.   EDC has also consistently improved the efficiency of its rigs and crews, with productivity increasing to 98.8 metres per drill crew per day for 1H 2008, as compared to 84.6 meters/drill crew/day achieved in 2007.

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EDC is the largest independent provider of onshore drilling services in Russia, as measured by the number of meters drilled, providing onshore integrated well construction services and workover services.  In addition, the Company provides offshore drilling services in the Caspian Sea.  The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea.    The Company is traded on the London Stock Exchange under the symbol “EDCL”.

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For further information, please contact:

Kim L. Kruschwitz, VP Investor Relations

+44 (0) 20 7717 9707

investors.relations@eurasiadrilling.com