Parker Drilling Shareholders Approve Proposals at Annual Meeting

At Parker Drilling Company's (NYSE: PKD) annual meeting, shareholders elected two Class II directors, approved an amendment to the Company's Restated Certificate of Incorporation to increase the number of authorized shares of common stock from 140,000,000 to 280,000,000 and ratified the appointment of KPMG LLP as the Company's independent accountants for 2007.

Robert E. McKee III, retired executive vice president of ConocoPhillips Inc.; and George J. Donnelly, managing partner of Lilo Ventures, were elected to three-year terms on the Company's Board of Directors at the meeting.

Other Board members whose terms continue are Robert L. Parker Jr., chairman, president, and chief executive officer of Parker Drilling Company; Roger B. Plank, executive vice president and chief financial officer, Apache Corporation; R. Rudolph Reinfrank, managing general partner, Clarity Partners; John W. Gibson, executive chairman, Paradigm Geo; James W. Whalen, president - finance and administration, Targa Resources, Inc.; and Robert W. Goldman, vice president - finance, World Petroleum Council.

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