Commander Drilling Technologies LLC Announces Company Formation

  Commander Drilling Technologies LLC Announces Company Formation

       Credentialed Team Brings Turnkey Services Back to Gulf of Mexico

Business Wire

HOUSTON -- September 16, 2013

Commander Drilling Technologies (CDT) is pleased to announce its formation as
the leading provider of turnkey drilling and completion services in the Gulf
of Mexico.

With a distinguished management team, the newly formed company fills a unique
industry niche, particularly for independent producers; no one else offers
turnkey drilling services in the Gulf of Mexico. A 30-year history in the
region helps support that expertise.

CDT management is led by Stephen Morrison, an experienced and respected
executive in the offshore turnkey industry. Mr. Morrison was previously
employed by Applied Drilling Technologies Inc. (ADTI), a subsidiary of
Transocean (NYSE:RIG), from 1996-2012; he led ADTI as President from
2007-2012. Mr. Morrison will be supported by a highly skilled team that has
years of experience in the offshore turnkey market.

According to Mr. Morrison, “I am excited to be part of this new company that
is bringing back turnkey drilling and completion services to the Gulf of
Mexico. Our entire team looks forward to once again drilling wells for our
supportive group of clients.”

Global Energy Capital LP (“GEC”), based in Houston, Texas, will invest
alongside CDT’s management team.

About Commander Drilling Technologies LLC

Commander Drilling Technologies is a Houston-based company that will perform
oil and gas drilling, testing and completion services on either a turnkey or
project management basis for exploration and production companies working
offshore in the U.S. Gulf of Mexico. Visit CDT’s website at
www.CommanderDrilling.com

About Global Energy Capital LP

Global Energy Capital is a private equity firm focused on investing growth
capital in energy service companies. GEC invests equity in companies providing
oil and gas drilling and production services, equipment manufacturing,
transportation, logistics and related services and technologies. Visit GEC’s
website at www.GlobalEnergyCapital.com

Contact:

Commander Drilling Technologies LLC
Stephen Morrison, (832) 239-8424
President and Chief Executive Officer
smorrison@cdtllc.com
 
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