Moscow, September 25, 2015

Non-Extension of Long Stop Date

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25 September 2015

EURASIA DRILLING COMPANY LIMITED

UPDATE ON MERGER

Eurasia Drilling Company Limited (the "Company") announces that Schlumberger B.V. ("SLB") has advised the Company that SLB will not extend the long-stop date for completion of the proposed merger between the Company and EDC Acquisition Company Limited ("EACL") and the related transaction with SLB (the "Transaction") after 30 September 2015.

The Company has previously scheduled a conference call for September 30, 2015, at which the Company will update the market on the proposed Transaction.

 

Enquiries:

Eurasia Drilling Company Limited

Tom O'Gallagher, Marketing and 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

 

XENON Capital Partners LLC

Natasha Tsukanova, Managing Director

Andrey Bulanov, Vice President

+7 495 644 00 10

 

 

 

 

 

Next: 30 September 2015: Update on Proposed Merger