BPS Drilling Becomes Stand-Alone Co Incorporated in Texas

BPS Drilling, until recently a division of ZPL Energy Inc., has become a stand-alone company with its recent incorporation in the State of Texas. Additionally, the international division will be operating as BPS Drilling Middle East Ltd, with corporate offices located in Europe. The company currently has its operations support office located in Abu Dhabi, UAE with additional offices to be opened in other Middle East countries during the 4th quarter of 2009 as needed.

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

The company will continue to utilize resources of ZPL Energy Group for financial, engineering, manufacturing and corporate oversight services during operations in remote, undeveloped and challenging environments.