Precision Drilling Corporation Announces Divestiture of Trucking Assets

Precision Drilling Corporation Announces Divestiture of Trucking Assets 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Precision Drilling Corporation 
TSX SYMBOL:  PD
NYSE SYMBOL:  PDS 
JUNE 16, 2014 
Precision Drilling Corporation Announces Divestiture of Trucking Assets 
CALGARY, ALBERTA--(Marketwired - June 16, 2014) - Precision Drilling
Corporation (TSX:PD)(NYSE:PDS) ("Precision") announced today that it
has signed an agreement to sell certain assets from its trucking operations to
Aveda Transportation and Energy Services Inc. ("Aveda"). The assets
included in the sale consist of trucks and other related assets all of which
are used to support drilling rig moving operations for Precision and third
parties in Texas and New Mexico. The asset sale is expected to close on July 1,
2014. 
Kevin Neveu, Precision's President and Chief Executive Officer, stated:
"The divestiture of these non-core assets will free up capital to invest
in the growth of Precision's core businesses in Canada, the U.S. and
international markets. Additionally, we believe the assets will be better
suited in an organization committed to growing the service capabilities of the
trucking platform these assets provide. We look forward to working with Aveda
in the future in supporting our drilling rig moving operations in the U.S. and
Canada." 
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION AND STATEMENTS 
Certain statements contained in this news release relating to matters that are
not historical facts constitute "forward-looking information" within
the meaning of applicable Canadian securities legislation and
"forward-looking statements" within the meaning of the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform Act of
1995 (collectively, "forward-looking information"). 
In particular, forward-looking information in this news release includes,
without limitation, information relating to the date of closing of the asset
sale and use of future capital. Forward-looking information and statements are
based on certain expectations and assumptions made by Precision, including the
assumption that the asset sale will occur in accordance with and on the timing
currently contemplated by Precision. Although Precision believes these
expectations and assumptions to be reasonable, undue reliance should not be
placed on such forward-looking information as Precision cannot give any
assurances that they will prove to be correct. Actual results could differ
materially from those currently anticipated due to a number of factors and
risks including, without limitation, the failure by either party to satisfy its
respective closing obligations under the asset purchase agreement and general
economic, market and business conditions. 
The forward-looking information contained in this press release are made as of
the date hereof and Precision does not undertake any obligation to update
publicly or revise any forward-looking information or statements, whether as a
result of new information, future events or otherwise, unless so required by
applicable securities laws. 
About Precision 
Precision is a leading provider of safe and High Performance, High Value
services to the oil and gas industry. Precision provides customers with access
to an extensive fleet of contract drilling rigs, directional drilling services,
well service and snubbing rigs, coil tubing services, camps, rental equipment,
and water treatment units backed by a comprehensive mix of technical support
services and skilled, experienced personnel. 
Precision is headquartered in Calgary, Alberta, Canada. Precision is listed on
the Toronto Stock Exchange under the trading symbol "PD" and on The
New York Stock Exchange under the trading symbol "PDS". 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Precision Drilling Corporation
Carey Ford
Vice President, Finance and Investor Relations
403.716.4575
403.716.4755 
INDUSTRY:  Energy and Utilities - Equipment, Energy and Utilities - Oil and Gas 
SUBJECT:  BFC 
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