Sidewinder Drilling Inc. Announces Conference Call to Discuss Preliminary Fourth Quarter 2013 Results

HOUSTON, Feb. 26, 2014 /PRNewswire/ -- Sidewinder Drilling Inc. (the "Company") announced February 26, 2014 it will hold a conference call with bond investors on Monday, March 3 at 2:00 PM (Eastern Time) to discuss Preliminary Fourth Quarter 2013 EBITDA.  Even though the Company is not required to report fourth quarter 2013 results until March 31, 2014, management would like to provide an update sooner given the time which has passed since its last update to bond investors.  Also during the call, management will provide an operational update, a market outlook, and provide comments on fiscal year 2014 expectations.  Call-in details will be provided via email to Sidewinder's existing bond holders.  For those bond holders who are in need of the details and have not received them, please call the Company. 

Sidewinder was formed in 2011 by the Company's management team and Avista Capital Holdings LP to build, own and operate premium land drilling rigs and to provide contract drilling services to exploration and production ("E&P") companies targeting unconventional resource plays in North America. Through acquisitions and construction of newbuild rigs, Sidewinder is building a contract land drilling company with a large scale, high quality asset base focused on delivering high performance drilling services required by large operators (including majors, international oil companies and large independent E&P companies) seeking to efficiently and safely develop unconventional oil and gas resources. 

Sidewinder's strategy is to capitalize on the increasing activity in unconventional resource plays by expanding the Company's existing customer base of large, well-capitalized E&P companies and by operating in all phases of field development, from exploration and delineation drilling to full-scale commercial development. Sidewinder is dedicated to growth and stability and, therefore, intends to selectively expand its drilling fleet with premium rigs through new construction orders primarily backed by long-term contracts and execute strategic acquisitions while maintaining a strong balance sheet and access to capital.

Contacts:

Jon Cole, CEO
Anthony Gallegos, CFO

Telephone:  (832) 320 7600
www.sidewinderdrilling.com

SOURCE Sidewinder Drilling Inc.

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