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Stampede Drilling Inc(SDI-X)
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STAMPEDE DRILLING INC. ACQUIRES THREE TELESCOPIC DOUBLE DRILLING RIGS AND ENTERS INTO CREDIT FACILITY

Newswire.ca - Thu Apr 21, 2022

CALGARY, AB , April 21, 2022 /CNW/ - Stampede Drilling Inc. ("Stampede" or the "Corporation") (TSXV: SDI) is pleased to confirm the acquisition, from a third party, of three telescopic double drilling rigs, two top drives and ancillary equipment (collectively, the "Rigs"). The purchase price was approximately $5 million, paid in cash. Stampede anticipates an additional $3 million of incremental capital expenditures during the second quarter of 2022 for recertifications and to upgrade the three Rigs to be consistent with its fleet of modern drilling rigs. Stampede has committed the three Rigs to customers coming out of spring breakup.

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