Le Lézard
Classified in: Oil industry
Subjects: PER, SHM

STAMPEDE DRILLING INC. ANNOUNCES ELECTION OF DIRECTORS AND APPOINTMENT OF ELSON MCDOUGALD AS CHAIRMAN


CALGARY, AB, May 17, 2022 /CNW/ - Stampede Drilling Inc. ("Stampede" or the "Corporation") (TSXV: SDI) held its annual and special meeting of shareholders in Calgary today.

At the meeting, the shareholders elected the following directors: Thane Russell, Lyle Whitemarsh, Elson McDougald, Murray Hinz, Terrance Owen and Diane Brickner.

Following the meeting, the Board of Directors appointed Elson McDougald as Chairman of the Board. Mr. McDougald, who has been a director of Stampede since 2017, has an outstanding track record for creating shareholder value in numerous public companies over the past 40 plus years in the western Canadian drilling services industry, including Laredo Drilling, Tetonka Drilling, Western Lakota Energy Services and CanElson Drilling.

Mr. McDougald commented: "Lyle Whitemarsh, President & CEO of Stampede, has done an exceptional job in prudently managing and growing the business of Stampede over the past four plus years, during very challenging times for the drilling services industry. We have hit a significant inflection point in the demand for contract drilling services in both Canadian and international markets, and I look forward to supporting Lyle and his team as Stampede enters what should be a very exciting next phase of the Corporation's growth."   

Lyle Whitemarsh also commented: "Stampede has many opportunities ahead and we are very fortunate to have access to Elson's depth of experience with public companies in the drilling services area in his role as Board Chairman."

"We are very grateful for the many contributions of Thane over the last 6 years as Chairman of Stampede.  In his ongoing role as a Director of Stampede, Thane's extensive expertise on formation production and downhole equipment commercialization in both the Canadian and international markets will be invaluable in our entry into the Under Balanced Coil Tubing drilling business," said Mr. McDougald.

For a summary of certain risk factors relating to the business of the Corporation and its subsidiaries, and the ownership of the Corporation's shares, shareholders, prospective investors and readers should refer to the Corporation's publicly filed Annual Information Form dated March 24, 2022.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Stampede Drilling Inc.


These press releases may also interest you

at 05:00
Medford Cooperative announced today the purchase of the Clark C-Store located in Stetsonville and the Stetsonville Oil Bulk Fuel Operations located in Medford. The tire and auto business is not a part of the sale and will continue operations at a new...

at 04:56
During the second Sina Finance 2022 ESG Global Leaders' Summit, Cao Renxian, Sungrow's Chairman and Founder, delivered a keynote speech at "How Scientific Innovation Drives Net-Zero Carbon Transition", with the thesis "Enterprises Should be More...

at 01:16
Aker Horizons will publish its financial results for the first half of 2022 on Tuesday 12 July 2022, at 07:00 CEST. An online presentation of the results will be held on the same day at 08:30 CEST. Date time: Tuesday 12 July 2022Time: 08:30...

at 00:31
Electryon Power Inc. ("Electryon" or the "Company") is pleased to welcome the election of Gustavo Petro as the next President of Colombia. Electryon looks forward to the Petro Administration and its stated mission of advancing Colombia's commitment...

6 jui 2022
Advantage Energy Ltd. ("Advantage" or the "Corporation") is pleased to provide an operational update for the second quarter of 2022 and an outlook through 2023. Operational UpdateAs a result of continued outperformance at Glacier, Wembley and...

6 jui 2022
Pembina Pipeline Corporation ("Pembina" or the "Company") announced today that its Board of Directors has declared a common share cash dividend for July 2022 of $0.21 per share to be paid, subject to applicable law, on August 15, 2022 to...



News published on 17 may 2022 at 19:15 and distributed by: