BPS Drilling International Plans Major Expansion as Stand-Alone Company

BPS Drilling International, until recently a division of ZPL Energy, has become a stand-alone company with its recent incorporation in the State of Texas. Additionally, the international operations division will be named BPS Drilling Middle East Ltd, with corporate offices in Geneva, Switzerland. The company plans to have additional operational field offices located in Milan, Italy, and Abu Dhabi during the 2nd quarter of 2009.

BPS Drilling's operations will be focused in the Middle East and North Africa regions and include newly built Hi-Performance Hydraulic Drilling Rigs equipped with Top Drive Drilling Systems.

The company will continue to utilize resources of ZPL Energy Group for access to casing, tubing, completion products, engineering and services required to support its operations.