Xtreme Drilling and Coil Services Operations Update and Q1 2013 Earnings Release Schedule
Xtreme Drilling and Coil Services (XDC.TO) provided a first quarter operations update along with an announcement of the date for the Q1 2013 earnings release and conference call. First Quarter Update: Xtreme had 1,949 total operating days during the first quarter of 2013. This resulted in a utilization rate of 76% for the fleet of 21 XDR drilling rigs and 7 XSR coiled tubing units. Debt and Liquidity Update: Xtreme began to generate free cash flow during the first quarter as the capital build program is complete.
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