, April 01, 2015

New Chief Financial Officer

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News Release

 

New Chief Financial Officer

MOSCOW, April 1, 2015 - Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) has appointed Taleh Aleskerov as Chief Financial Officer commencing April 1, 2015. Mr. Aleskerov has served as Senior Vice President - Finance of the Company's chief Russian subsidiary since 2007.

W. Richard Anderson is resigning as the Company's Chief Financial Officer effective April 1, but remaining a member of the Company's Board of Directors.

The Company's Chief Executive Officer, Alexander Djaparidze, said "We are delighted to welcome Taleh Aleskerov as our new Chief Financial Officer. His prior financial work with the Company makes him eminently qualified to undertake this position. We also look forward to continuing to work with Rich Anderson on the Board of Directors, and thank him for his valuable contributions to date as Chief Financial Officer."

 

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EDC is the largest provider of onshore drilling services in Russia, as measured by the number of metres drilled, providing onshore integrated well construction services and workover services.  The Company also provides offshore drilling services in the Caspian Sea and is the largest provider of such services in the sectors where it operates based on the number of jack-up drilling rigs. The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea. In addition, the Company provides onshore drilling services in Iraq. The Company is traded on the London Stock Exchange under the symbol "EDCL".

 

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Enquiries:

Eurasia Drilling Company Limited
Tom O'Gallagher, Marketing and Investor Relations
Evgeniya Bitsenko, Investor Relations
+44 (0) 207 717 9707
investors.relations@eurasiadrilling.com

Hudson Sander (media enquiries for the Company)
Andrew Hayes / Elena Garside
+44(0) 20 7796 4133

Next: 09 April 2015: EDC Reports 2014 Full year results