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Tuscany International Drilling Profile

Tuscany International Drilling Inc. http://tuscanydrilling.com/ provides drilling, workover and equipment rental services to exploration and production customers in South America and Africa. At November 31, 2011, the Company had forty-one drilling rigs of which five are Heli-portable drilling rigs, and six heavy duty workover rigs in its fleet for a total of 41 rigs. All rigs will be in country and on contract by the end of 2012. All of the original 19 rigs are brand new and were recently constructed to operate on narrow bridges and roads in South America. Most of the newly acquired rigs in Africa and Brazil, which were acquired through two recent takeovers are deployed on contract, and 6 rigs are currently being refurbished. Tuscany has operating centers in Bogota, Colombia, Quito, Ecuador and Manaus & Rio in Brazil; and has recently completed registering in Brazil and Trinidad. See Fleet Information http://tuscanydrilling.com/html/operations/fleet.html for more details on the Company’s equipment offerings. The company has approximately 1,000 employees most of whom are employed in South America and Africa.

In addition, Tuscany International Drilling owns 40% of Warrior Rig Ltd. of Calgary Alberta. Warrior Rig is a rig manufacturing company specializing in top drives and automated tubular tongs. http://www.warriorrig.com/

Tuscany International Drilling is interested in international drilling acquisition and consolidation opportunities, particularly in South America.

Last changed at 27-Nov-2011 10:22AM by Road_Warrior