HOUSTON, April 10, 2013 /PRNewswire/ --Sidewinder Drilling Inc. (the "Company") announced today it will hold a conference call with bond investors on Monday, April 15, 2013 at 3:00 PM (Eastern Time) to discuss Fiscal Year 2012 results. Call-in details will be provided via email to Sidewinder's existing bond holders. For those bond holders who are in need of the details and have not received them, please call the Company.
Sidewinder was formed in 2011 by the Company's management team and Avista Capital Holdings LP to build, own and operate premium land drilling rigs and to provide contract drilling services to exploration and production ("E&P") companies targeting unconventional resource plays in North America. Through acquisitions and construction of newbuild rigs, Sidewinder is building a contract land drilling company with a large scale, high quality asset base focused on delivering high performance drilling services required by large operators (including majors, international oil companies and large independent E&P companies) seeking to efficiently and safely develop unconventional oil and gas resources.
Sidewinder's strategy is to capitalize on the increasing activity in unconventional resource plays by expanding the Company's existing customer base of large, well-capitalized E&P companies and by operating in all phases of field development, from exploration and delineation drilling to full-scale commercial development. Sidewinder is dedicated to growth and stability and, therefore, intends to selectively expand its drilling fleet with premium rigs through new construction orders primarily backed by long-term contracts and execute strategic acquisitions while maintaining a strong balance sheet and access to capital.
Contacts:
Jon Cole, CEO
Anthony Gallegos, CFO
Telephone: (832) 320 7600
www.sidewinderdrilling.com
SOURCE Sidewinder Drilling Inc.
