Feb 26 (Reuters) - Trinidad Drilling Ltd TDG.TO :
* TRINIDAD DRILLING REPORTS FOURTH QUARTER AND YEAR-END 2017 RESULTS; IMPROVING INDUSTRY CONDITIONS DRIVE HIGHER FOURTH QUARTER ADJUSTED EBITDA
* QTRLY REVENUE $137.902 MILLION VERSUS $93.06 MILLION
* QTRLY NET LOSS PER SHARE $0.06
* IN 2018, THE COMPANY EXPECTS TO SPEND APPROXIMATELY $94 MILLION IN CAPITAL EXPENDITURES
* TRINIDAD DRILLING- FOLLOWING A REVIEW TAKEN IN EARLY 2018, CO REDUCED HEADCOUNT, ROLLED BACK SALARIES AND IMPLEMENTED TIGHTER EXPENSE MANAGEMENT
* IN 2018, COMPANY EXPECTS TO SPEND APPROXIMATELY $94 MILLION IN CAPITAL EXPENDITURES
* TRINIDAD RECENTLY COMMENCED A FORMAL PROCESS TO INITIATE A STRATEGIC REVIEW IN AN EFFORT TO ENHANCE SHAREHOLDER VALUE
* TRINIDAD DRILLING- CO'S BOARD INTENDS TO CONSIDER A BROAD RANGE OF ALTERNATIVES, INCLUDING A SALE OF SELECTED ASSETS