Xtreme Drilling Announces New Director
CALGARY, ALBERTA -- (Marketwired) -- 05/24/13 -- Xtreme Drilling and
Coil Services (TSX:XDC) announces that the Board of Directors of the
company have approved the appointment of Mr. David W. Wehlmann to
Xtreme's Board of Directors effective May 23, 2013.
Appointment of David Wehlmann to Board
The Board is pleased to announce the appointment of David Wehlmann as
an independent director of Xtreme. During the process of identifying
candidates the Board sought individuals with strong experience and
expertise in the Company's core operating markets. Currently the US
drilling segment represents over 70% of total revenue for Xtreme. As
such, Mr. Wehlmann's significant experience in the US land drilling
market along with his strong financial background will complement the
skills represented by the current Board.
Mr. Wehlmann is a Certified Public Accountant with over 30 years of
leadership experience in the oil and gas industry. He is currently a
director with Omega Protein Corporation. Previously Mr. Wehlmann was
Executive Vice President, Investor Relations, with Precision Drilling
Corporation. Prior to that, Mr. Wehlmann had 12-year tenure with Grey
Wolf, Inc., a US land based drilling contractor with a fleet of 122
drilling rigs. At Grey Wolf, Mr. Wehlmann held the position of
Executive Vice President and Chief Financial Officer. He holds a
Bachelor of Business Administration Degree from Texas A&M University
and received his CPA designation in 1982.
Xtreme Drilling and Coil Services Corp. ("XDC" on the Toronto Stock
Exchange) designs, builds, and operates a fleet of high specification
drilling rigs and coiled tubing well service units featuring
leading-edge proprietary technology including AC high capacity coil
injectors, deep re-entry drilling capability, modular transportation
systems and continuous integration of in-house advances in
Currently Xtreme operates two service lines: Drilling Services (XDR)
and Coil Services (XSR) under contracts with oil and natural gas
exploration and production companies and integrated oilfield service
providers in Canada, the United States and Saudi Arabia. For more
information about the Company, please visit www.xtremecoil.com.
Xtreme Drilling and Coil Services Corp.
Chief Financial Officer
+1 281 994 4604
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