Precision Drilling Trust and Grey Wolf, Inc. Announce Joint Presentation at the Lehman Brothers 2008 CEO Energy / Power Conferen
29 Agosto 2008 - 7:22PM
Marketwired
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the live webcast, an archived version of the webcast will be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.
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 AND 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 website www.sec.gov, at Precision's
website www.precisiondrilling.com, and at Grey Wolf's website
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.
Contacts: Precision Drilling Corporation Kevin Neveu Chief
Executive Officer (403) 716-4500 (403) 264-0251 (FAX) Precision
Drilling Corporation Doug Strong Chief Financial Officer (403)
716-4500 (403) 264-0251 (FAX) Precision Drilling Corporation 4200,
150 - 6th Avenue S.W. Calgary, Alberta T2P 3Y7 Website:
www.precisiondrilling.com Grey Wolf, Inc. David W. Wehlmann
Executive Vice President and Chief Financial Officer (713) 435-6100
(713) 435-6171 (FAX) Grey Wolf, Inc. 10370 Richmond Ave, Suite 600
Houston, TX 77042 Website: www.gwdrilling.com
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