Precision Drilling Corporation Announces Filing of Annual Disclosure Documents

Rhea-AI Summary

Precision Drilling Corporation announced the filing of its annual disclosure documents with Canadian and U.S. securities commissions. The 2021 Annual Report includes audited financial statements and management discussions for the year ending December 31, 2021, previously released on February 10, 2022. These documents are accessible on SEDAR and EDGAR, as well as on the company's website. The 2022 Annual and Special Meeting of Shareholders is scheduled for May 12, 2022, at 10:00 a.m. MDT. Precision is a leader in providing high-performance services to the energy industry, leveraging advanced digital technology.

Positive

• Successful filing of annual disclosure documents enhances transparency.
• The company reported audited financial statements for 2021, indicating compliance and governance.
• The upcoming shareholder meeting provides an opportunity for engagement with investors.

Negative

• None.

CALGARY, Alberta, March 07, 2022 (GLOBE NEWSWIRE) -- Precision Drilling Corporation (“Precision”) announced that it has filed its annual disclosure documents with the securities commissions in each of the provinces of Canada and the United States Securities and Exchange Commission (“SEC”).

Precision’s 2021 Annual Report contains the audited consolidated financial statements and management’s discussion and analysis for the year ended December 31, 2021. Precision’s financial results for the year ended December 31, 2021 were previously released on February 10, 2022.

Precision’s Annual Report and Annual Information Form have been filed on the Canadian System for Electronic Document Analysis and Retrieval (“SEDAR”) and on Form 40-F on the SEC’s Electronic Data Gathering, Analysis and Retrieval (“EDGAR”) system.

The documents described above are also available on Precision’s website at www.precisiondrilling.com or by emailing Precision at info@precisiondrilling.com.

Precision’s 2022 Annual and Special Meeting of Shareholders will be held in a virtual-only format at 10:00 a.m. MDT on Thursday, May 12, 2022.

About Precision

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as “Alpha™” that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Additionally, Precision offers well service rigs, camps and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS.”

For further information, please contact:

Carey Ford, Senior Vice President and Chief Financial Officer
713.435.6100

800, 525 - 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com

FAQ

When did Precision Drilling file its 2021 Annual Report?

Precision Drilling filed its 2021 Annual Report on March 7, 2022.

What date is the 2022 Annual and Special Meeting of Shareholders?

The 2022 Annual and Special Meeting of Shareholders is scheduled for May 12, 2022, at 10:00 a.m. MDT.

Where can I find Precision Drilling's annual financial statements?

Precision Drilling's annual financial statements are available on SEDAR, EDGAR, and their official website.

What is the trading symbol for Precision Drilling?

Precision Drilling trades under the symbol 'PDS' on the New York Stock Exchange and 'PD' on the Toronto Stock Exchange.