Precision Drilling to Work for Niko Resources in India

Precision Drilling has been awarded a drilling contract by Niko Resources Ltd. to conduct work on its onshore Surat Block in the Gujurat state of India. Niko will utilize a semi-automated, super single slant rig. The rig will be used to drill an estimated 15 wells on the Surat appraisal program and will be required to drill in both vertical and slant modes. The rig is particularly suited for drilling applications in environmentally sensitive and limited size locations, attributes that are essential for the Surat Block. Robert Ohlson, Niko's President stated "We look forward to bringing a modern rig to India. It will speed up drilling time and enable us to do multi-well pad drilling during development".

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