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Trading Symbol:
"TESOF" on NASDAQ
"TEO" on TSX
CALGARY, Dec. 23 /PRNewswire-FirstCall/ - TESCO Corporation (TESCO) today
announced that it has received purchase orders for twenty-six (26) EMI 400HP
top drive units from drilling contractor Helmerich & Payne International
Drilling Co. (H&P) (NYSE:HP). The orders for the highly portable top drives
are made to complement the H&P fleet of Flex IV rigs and are in addition to
fifteen (15) previous orders received over the course of the year.
Julio M. Quintana, TESCO President and CEO said, "The orders demonstrate
continued customer satisfaction and demand for our innovative top drive
products. We look forward to providing our products to H&P as part of our
ongoing commitment to premium sales and service."
TESCO Corporation is a global leader in the design, manufacture and
service of technology based solutions for the upstream energy industry. The
Corporations mandate is to change the way people drill wells by delivering
safer and more efficient solutions that add real value by reducing the costs
of drilling for and producing oil and gas.
FORWARD-LOOKING STATEMENTS
This presentation contains statements that may constitute "forward-
looking statements" within the meaning of the US Private Securities Litigation
Reform Act of 1995. These statements include, among others, statements
regarding expectations of future revenues, activities, capital expenditures
and earnings and technical results. These statements are based on current
expectations that involve a number of risks and uncertainties, which could
cause actual results to differ from those anticipated. These risks include,
but are not limited to: the background risks of the drilling services industry
(e.g. operational risks; potential delays or changes in plans with respect to
customers exploration or development projects or capital expenditures; the
uncertainty of estimates and projections relating to levels of rental
activities; uncertainty of estimates and projections of costs and expenses;
risks in conducting foreign operations (e.g. political and fiscal instability)
and exchange rate fluctuations); uncertainty and risks in technical results
and performance of technology; and other uncertainties.
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