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Mar 15, 2021
AKITA announces the continuation of corporate debt reduction plan and annual results

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...

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Jan 27, 2021
Akita Drilling Ltd. Announces Appointment of Linda Southern-Heathcott as Executive Chair and CEO and Retirement of Karl Ruud as President and CEO

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...

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Oct 29, 2020
AKITA announces third quarter results and extension of covenant relief period

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...

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Aug 4, 2020
AKITA announces second quarter results

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...

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Jul 20, 2020
AKITA Announces Credit Facility Amendments

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...

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May 13, 2020
AKITA Drilling Ltd. Announces Director Election Results

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,...

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May 7, 2020
AKITA Drilling Ltd. confirms virtual delivery of Annual Meeting of Shareholders

("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...

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May 5, 2020
AKITA announces first quarter results

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...

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Mar 5, 2020
AKITA announces the continuation of its rig relocation plan to the US and annual results

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...

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Dec 23, 2019
AKITA Drilling Ltd. announces amendments to credit facility

/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...

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Oct 30, 2019
AKITA announces third quarter results and the continuation of its US division consolidation plan

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...

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Sep 26, 2019
AKITA Drilling Ltd. Comments on Unusual Market Activity

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...

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Jul 31, 2019
AKITA prioritizes debt reduction and announces second quarter results

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...

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May 16, 2019
AKITA Drilling Ltd. Announces Director Election Results

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,...

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May 1, 2019
AKITA's Acquisition of Xtreme Results in Improved Performance in the First Quarter of 2019

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...

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May 1, 2019
AKITA Declares Quarterly Dividend

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...

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Mar 5, 2019
AKITA Drilling Ltd. Releases Year-End Results

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...

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Mar 5, 2019
AKITA Declares Quarterly Dividend

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...

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Nov 9, 2018
AKITA Declares Quarterly Dividend

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...

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Nov 5, 2018
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow

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...

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Sep 11, 2018
AKITA Drilling Ltd. Xtreme Drilling Corp. Announce Completion of Plan of Arrangement

/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...

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Aug 23, 2018
AKITA Declares Quarterly Dividend

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...

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Aug 15, 2018
AKITA Drilling Ltd. and Xtreme Drilling Corp. Announce Shareholder and Court Approval of Plan of Arrangement

/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...

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Jul 27, 2018
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow

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...

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Jun 5, 2018
AKITA Drilling Ltd. and Xtreme Drilling Corp. Announce Strategic Business Combination

/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...

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