Precision Drilling Trust and Grey Wolf, Inc. Announce Joint Presentation At The Lehman Brothers 2008 CEO Energy / Power Conferen
29 Agosto 2008 - 7:00PM
Business Wire
Precision Drilling Trust (�Precision�, TSX: PD.UN, NYSE: PDS) and
Grey Wolf, Inc. (�Grey Wolf�, AMEX: GW) announced today that Kevin
A. Neveu, Chief Executive Officer of Precision Drilling Corporation
and Mr. Thomas P. Richards, Chairman, President and Chief Executive
Officer of Grey Wolf are scheduled to provide a joint presentation
on September 2, 2008 at approximately 4:20 pm Eastern time (2:20 pm
Mountain time) at the Lehman Brothers CEO Energy / Power Conference
in New York, New York. The presentation will include information on
the proposed merger of Precision and Grey Wolf. A live webcast of
the presentation will be accessible on Precision�s website at
www.precisiondrilling.com by selecting �Investor Centre�, then
�Webcasts� and on Grey Wolf�s website at www.gwdrilling.com by
selecting investor relations. Shortly after the live webcast, an
archived version of the webcast will be available for approximately
30 days on both websites. About Precision Precision is a leading
provider of safe, high performance energy services to the North
American oil and gas industry. Precision provides customers with
access to an extensive fleet of contract drilling rigs, service
rigs, camps, snubbing units, wastewater treatment units and rental
equipment backed by a comprehensive mix of technical support
services and skilled, experienced personnel. Precision is
headquartered in Calgary, Alberta, Canada. Precision is listed on
the Toronto Stock Exchange under the trading symbol �PD.UN� and on
the New York Stock Exchange under the trading symbol �PDS�. For
more information about Precision, go to
http://www.precisiondrilling.com. About Grey Wolf Grey Wolf is a
leading provider of turnkey and contract oil and gas land drilling
services in the United States. Grey Wolf operates from divisions in
South Texas, Gulf Coast, Ark-La-Tex, Mississippi/Alabama,
Mid-Continent, Rocky Mountain regions, and Mexico. Grey Wolf is
headquartered in Houston, Texas, USA. Grey Wolf, Inc. is listed on
the American Stock Exchange under the trading symbol �GW�. For more
information about Grey Wolf, go to http://www.gwdrilling.com. For
further information please contact: � � Precision Drilling
Corporation Grey Wolf, Inc. � Kevin NeveuChief Executive Officer
David W. WehlmannExecutive Vice President and Chief Financial
Officer � Doug Strong Chief Financial Officer � Telephone:
403-716-4500 Telephone: 713-435-6100 Fax: 403-264-0251 Fax:
713-435-6171 � 4200, 150 - 6th Avenue S.W. Calgary, Alberta T2P 3Y7
10370 Richmond Ave, Suite 600 Houston, TX 77042 Additional
Information and Where to Find It In connection with the proposed
merger, Precision will file a registration statement, which will
include a proxy statement of Grey Wolf and other materials, with
the Securities and Exchange Commission. INVESTORS AND SECURITY
HOLDERS OF PRECISION AND GREY WOLF ARE URGED TO CAREFULLY READ IN
THEIR ENTIRETY THE REGISTRATION STATEMENT, THE PROXY
STATEMENT/PROSPECTUS AND THESE OTHER MATERIALS REGARDING THE
PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL
CONTAIN IMPORTANT INFORMATION ABOUT GREY WOLF, PRECISION, PRECISION
LOBOS CORPORATION, A WHOLLY-OWNED SUBSIDIARY OF PRECISION CREATED
AS A SPECIAL PURPOSE VEHICLE, AND THE PROPOSED TRANSACTION.
Prospective investors and security holders may obtain a free copy
of the registration statement and the proxy statement/prospectus
when they are available and other documents containing information
about Grey Wolf and Precision, without charge, at the SEC�s web
site at www.sec.gov, at Precision�s web site
www.precisiondrilling.com, and at Grey Wolf�s web site
www.gwdrilling.com. Copies of the registration statement and the
proxy statement/prospectus and the SEC filings that will be
incorporated by reference therein may also be obtained for free by
directing a request to either Investor Relations, Precision
Drilling Trust, (403) 716-4500 or to Investor Relations, Grey Wolf,
Inc., (713) 435-6100. Participants in the Solicitation Grey Wolf
and Precision and their respective directors, officers and other
persons may be deemed to be participants in the solicitation of
proxies from Grey Wolf�s shareholders in respect of the proposed
merger. Information about the directors and executive officers of
Grey Wolf and their ownership of Grey Wolf common stock can be
found in Grey Wolf�s proxy statement for its 2008 annual meeting of
shareholders as filed with the SEC on April 8, 2008. Information
concerning the directors and executive officers of Precision is
included in its Annual Report on Form 40-F filed with the SEC on
March 28, 2008. Additional information regarding the identity of
potential participants in the solicitation of proxies in respect of
the proposed merger and a description of their direct and indirect
interests, by security holdings or otherwise, will be included in
the registration statement and the proxy statement/prospectus and
other relevant materials to be filed with the SEC in connection
with the proposed merger.
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