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BRIEF-Trinidad Drilling Says Continues To Review Certain Non-Core Asset Sale Opportunities, Co To Conclude Formal Strategic Review Process

Published 2018-08-01, 07:45 a/m
© Reuters. BRIEF-Trinidad Drilling Says Continues To Review Certain Non-Core Asset Sale Opportunities, Co To Conclude Formal Strategic Review Process
TDG
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Aug 1 (Reuters) - Trinidad Drilling Ltd TDG.TO :

* TRINIDAD DRILLING LTD. CONCLUDES STRATEGIC REVIEW WITH CLEARLY DEFINED FUTURE PLAN; ANNOUNCES NEW DIRECTOR

* TRINIDAD DRILLING LTD - CONTINUES TO REVIEW CERTAIN NON-CORE ASSET SALE OPPORTUNITIES, BUT HAS DECIDED TO CONCLUDE FORMAL STRATEGIC REVIEW PROCESS

* TRINIDAD DRILLING LTD - BOARD DETERMINED TO PURSUE TRINIDAD'S REVISED FIVE-YEAR STRATEGIC PLAN

* TRINIDAD DRILLING - CO WILL CONTINUE TO EVALUATE FURTHER OPPORTUNITIES TO LEVERAGE ITS CURRENT ASSET BASE THROUGH STRATEGIC MERGERS OR ACQUISITIONS

* TRINIDAD DRILLING LTD - APPOINTS JOHN BLOCKER TO ITS BOARD, EXPANDING BOARD TO SIX INDEPENDENT DIRECTORS

* TRINIDAD DRILLING LTD - BOARD IS ACTIVELY CONSIDERING ADDITIONAL DIRECTORS

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