News Releases

AKITA Drilling Ltd. (TSX: AKT.A) AKITA Drilling Ltd. (the "Company") weathered the impact of the severe economic slowdown, attributable to the COVID-19 global pandemic that curtailed drilling...

The Board of Directors of AKITA Drilling Ltd. announces that Linda Southern-Heathcott will become Executive Chair and CEO of AKITA Drilling Ltd. following the retirement of Karl A. Ruud as...

AKITA Drilling Ltd. (TSX: AKT.A) AKITA Drilling Ltd. (the "Company") announces results for the nine months ended September 30, 2020. The Company recorded a net loss of $8,203,000 and adjusted...

AKITA Drilling Ltd. (TSX: AKT.A) AKITA Drilling Ltd. (the "Company") announces results for the six months ended June 30, 2020. The Company's net loss of $5,221,000 in the second quarter of 2020...

AKITA Drilling Ltd. (the "Company") announces it has entered into an amending agreement to its December 19, 2018 credit facility agreement (the "Amended Facility") with a syndicate of lenders...

AKITA Drilling Ltd. announces director election results from its 2020 annual meeting of shareholders held May 12, 2020. The following nominees, listed in the information circular dated March 4,...

("AKITA" or "the Company", TSX: AKT.A, AKT.B) reminded shareowners today that it will be holding its upcoming annual meeting of shareholders (the "Meeting") online via live webcast on Tuesday, May...

AKITA Drilling Ltd. (TSX: AKT.A) AKITA Drilling Ltd. ("the Company") announces results for the first quarter ended March 31, 2020. Revenue of $53,572,000 in the first quarter of 2020, was...

AKITA Drilling Ltd. (TSX: AKT.A) AKITA Drilling Ltd. ("the Company") moved an AC pad heavy double drilling rig out of Canada to the Permian Basin in January of 2020, bringing the Company's total...

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES/ CALGARY, Dec. 23, 2019 /CNW/ - AKITA Drilling Ltd. (TSX:AKT.A; TSX:AKT.B) ("AKITA" or the...

AKITA Drilling Ltd. (TSX: AKT.A) AKITA Drilling Ltd. ("the Company") announces that its focus on consolidation of its US operations continues with four more drilling rigs moving to the Permian...

AKITA Drilling Ltd. (TSX: AKT.A; TSX: AKT.B) ("AKITA") is issuing this news release in light of unusual trading activity related to the Class A Non-Voting Shares of AKITA (the "Shares") on the...

AKITA's Board of Directors has elected to suspend the Company's dividends on its Class A Non-Voting and Class B Common Shares in light of the Company's desire to pay down its debt. The Company's...

AKITA Drilling Ltd.'s announces director election results from its 2019 annual meeting of shareholders held May 14, 2019. The following nominees, listed in the information circular dated March 5,...

AKITA's September 11, 2018 acquisition of US based Xtreme Drilling Corp. ("Xtreme") and the strategy to integrate the two companies into one premium pure play drilling company with operations in...

AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders. AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash dividend of eight and one...

AKITA Drilling Ltd.'s net loss for the year ended December 31, 2018 was $15,939,000 (net loss of $0.65 per share (basic and diluted)) on revenue of $118,361,000 compared to a net loss of...

AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders. AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash dividend of eight and one...

AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders. AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash dividend of eight and one...

AKITA Drilling Ltd.'s net loss for the three months ended September 30, 2018 was $5,459,000 (net loss of $0.24 per share basic and diluted) on revenue of $22,465,000 compared to a net loss of...

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Sept. 11, 2018 /CNW/ - AKITA Drilling Ltd. (TSX:AKT.A; TSX:AKT.B) and Xtreme Drilling...

AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders. AKITA Drilling Ltd.'s Board of Directors approved an ordinary cash dividend of eight and one...

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, Aug. 15, 2018 /CNW/ - AKITA Drilling Ltd. (TSX:AKT.A; TSX:AKT.B) and Xtreme Drilling...

AKITA Drilling Ltd.'s net loss for the three months ended June 30, 2018, was $2,959,000 (net loss of $0.16 per share basic & diluted) on revenue of $17,293,000 compared to a net loss of $4,491,000...

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/ CALGARY, June 5, 2018 /CNW/ - AKITA Drilling Ltd. (TSX:AKT.A; TSX:AKT.B) and Xtreme Drilling...