Jan 29 (Reuters) - Precision Drilling Corp PD.TO :
* PRECISION DRILLING ANNOUNCES 2019 CAPITAL EXPENDITURE PLAN, DEBT REPAYMENT UPDATE, 2019 STRATEGIC PRIORITIES AND EXPECTED GOODWILL IMPAIRMENT
* PRECISION DRILLING CORP - PRECISION ANNOUNCED A 2019 CAPITAL EXPENDITURE PLAN OF $169 MILLION
* PRECISION DRILLING CORP - SET ITS 2019 DEBT REPAYMENT TARGET AT $100 MILLION TO $150 MILLION WHICH IS EXPECTED TO BE FUNDED FROM FREE CASH FLOW
* PRECISION DRILLING CORP - EXPECTS ITS YEAR-END CASH BALANCE TO BE $97 MILLION
* PRECISION DRILLING - INCREASED ITS LONGER-TERM DEBT REDUCTION TARGET RANGE BY $100 MILLION WITH A NEW TARGET RANGE OF $400 MILLION TO $600 MILLION BY END OF 2021
* PRECISION DRILLING - CASH BALANCE AND UNDRAWN CREDIT FACILITIES WILL PROVIDE PRECISION WITH APPROXIMATELY $810 MILLION OF LIQUIDITY GOING INTO 2019
* PRECISION DRILLING CORP - EXPECTED GOODWILL IMPAIRMENT AT YEAR-END 2018
* PRECISION DRILLING - AT SEPT 30, 2018 CO HAD $206 MILLION OF GOODWILL ON BALANCE SHEET PRIMARILY RELATED TO CANADIAN DRILLING CASH GENERATING UNIT