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Stampede Drilling Announces Sale of Equipment

Newswire.ca - Mon May 5, 2025

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CALGARY, AB, May 5, 2025 /CNW/ - STAMPEDE DRILLING INC. ("Stampede", or the "Corporation") (TSXV: SDI) is pleased to announce that it has entered into a drilling equipment purchase agreement (the "Agreement") with a private company (the "Purchaser") providing for the sale (the "Transaction") of certain drilling components (the "Equipment") from an A/C triple drilling rig (the "Triple") previously acquired by Stampede in August, 2022. Total consideration to be paid is $5 million in cash, plus the transfer to Stampede of certain drilling equipment valued at approximately $290,000 (collectively, the "Purchase Price").

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