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Akita Drilling Ltd. (T:AKT.A)

Business Focus: Oil & Gas Drilling (NEC)

Nov 04, 2021 04:38 pm ET
AKITA announces third quarter results and extension to credit facility
CALGARY, AB, Nov. 4, 2021 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Jul 29, 2021 05:32 pm ET
AKITA announces second quarter results
CALGARY, AB, July 29, 2021 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
May 11, 2021 08:06 pm ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, AB, May 11, 2021 /CNW/ - AKITA Drilling Ltd. announces director election results from its 2021 annual meeting of shareholders held May 11, 2021. The following nominees, listed in the information circular dated March 11, 2021 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
May 06, 2021 05:52 pm ET
AKITA announces first quarter results
CALGARY, AB, May 6, 2021 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Mar 15, 2021 06:49 pm ET
AKITA announces the continuation of corporate debt reduction plan and annual results
CALGARY, AB, March 15, 2021 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Jan 27, 2021 06:13 pm ET
Akita Drilling Ltd. Announces Appointment of Linda Southern-Heathcott as Executive Chair and CEO and Retirement of Karl Ruud as President and CEO
CALGARY, AB, Jan. 27, 2021 /CNW/ - 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 President and CEO on May 15, 2021, after a 45-year career with AKITA and predecessors.
Oct 29, 2020 05:30 pm ET
AKITA announces third quarter results and extension of covenant relief period
CALGARY, AB, Oct. 29, 2020 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Aug 04, 2020 06:54 pm ET
AKITA announces second quarter results
CALGARY, AB, Aug. 4, 2020 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Jul 20, 2020 06:26 pm ET
AKITA Announces Credit Facility Amendments
AKITA Drilling Ltd. (TSX: AKT.A)
May 13, 2020 08:05 pm ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 13, 2020 /CNW/ - 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, 2020 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
May 07, 2020 07:04 pm ET
AKITA Drilling Ltd. confirms virtual delivery of Annual Meeting of Shareholders
CALGARY, May 7, 2020 /CNW/ - ("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 12, 2020 at 10:00am Mountain Daylight Time, as set out in its Management Information Circular dated March 4, 2020, which can be found on www.sedar.ca.
May 05, 2020 05:00 pm ET
AKITA announces first quarter results
CALGARY, May 5, 2020 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Mar 05, 2020 05:43 pm ET
AKITA announces the continuation of its rig relocation plan to the US and annual results
CALGARY, March 5, 2020 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Dec 23, 2019 03:51 pm ET
AKITA Drilling Ltd. announces amendments to credit facility
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISTRIBUTION IN THE UNITED STATES/
Oct 30, 2019 06:07 pm ET
AKITA announces third quarter results and the continuation of its US division consolidation plan
CALGARY, Oct. 30, 2019 /CNW/ - AKITA Drilling Ltd. (TSX: AKT.A)
Sep 26, 2019 04:55 pm ET
AKITA Drilling Ltd. Comments on Unusual Market Activity
CALGARY, Sept. 26, 2019 /CNW/ - 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 Toronto Stock Exchange. While AKITA does not normally comment on market activity, AKITA confirms that it is not aware of any undisclosed material change in the business, operations or affairs of AKITA that would account for the recent increase in trading activity, and related decrease in trading price, of the Shares on the Toronto Stock Exchange.
Jul 31, 2019 08:00 pm ET
Jul 16, 2019 03:36 pm ET
Western Potash Start of Production Drilling
Western Resources Corp. (TSX: WRX) (FSE: WR0) (“Western” or “the Company”) is pleased to announce that its wholly owned subsidiary Western Potash Corp. has commenced its drilling program with Artisan Consulting and AKITA Drilling on July 14, 2019...
May 16, 2019 12:34 pm ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 16, 2019 /CNW/ - 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, 2019 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
May 01, 2019 08:23 pm ET
May 01, 2019 06:38 pm ET
AKITA Declares Quarterly Dividend
CALGARY, May 1, 2019 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Mar 05, 2019 08:06 pm ET
AKITA Drilling Ltd. Releases Year-End Results
CALGARY, March 5, 2019 /CNW/ - 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 $39,177,000 or $2.18 loss per share (basic and diluted) on revenue of $71,198,000 in 2017.  Included in the 2017 net loss is an asset decommissioning and impairment expense of $29,123,000 (after tax effect of $15,320,000 or $0.85 per share). Funds flow from operations for the current year was $14,306,000 compared to $6,607,000 in 2017, while net cash from operating activities f
Mar 05, 2019 05:08 pm ET
AKITA Declares Quarterly Dividend
CALGARY, March 5, 2019 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Nov 09, 2018 04:15 pm ET
AKITA Declares Quarterly Dividend
CALGARY, Nov. 9, 2018 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Nov 05, 2018 08:02 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, Nov. 5, 2018 /CNW/ - 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 $3,811,000 (net loss of $0.21 per share basic and diluted) on revenue of $14,908,000 for the corresponding period of 2017. Funds flow from operations decreased to a loss of $638,000 in the third quarter of 2018 from $1,472,000 in the corresponding period of 2017.
Sep 11, 2018 05:50 pm ET
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/
Aug 23, 2018 07:48 pm ET
AKITA Declares Quarterly Dividend
CALGARY, Aug. 23, 2018 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Aug 15, 2018 07:00 pm ET
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/
Jul 27, 2018 05:46 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, July 27, 2018 /CNW/ - 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 (net loss of $0.25 per share basic & diluted) on revenue of $17,986,000 for the corresponding period of 2017. Funds flow from operations decreased to $1,638,000 in the second quarter of 2018 from $3,254,000 in the corresponding period of 2017.
Jun 05, 2018 09:02 am ET
IIROC Trade Resumption - AKT.A; AKT.B and XDC
TORONTO, June 5, 2018 /CNW/ - Trading resumes in:
Jun 05, 2018 08:30 am ET
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/
Jun 05, 2018 08:30 am ET
AKITA Drilling Ltd. and Xtreme Drilling Corp. Announce Strategic Business Combination
AKITA Drilling Ltd. (TSX:AKT.A) (TSX:AKT.B) and Xtreme Drilling Corp. (TSX:XDC) are pleased to announce their entry into a definitive arrangement agreement to combine the two companies to create a leading intermediate North American land drilling...
Jun 05, 2018 08:19 am ET
IIROC Trading Halt - AKT.A; AKT.B; XDC
TORONTO, June 5, 2018 /CNW/ - The following issues have been halted by IIROC:
May 10, 2018 04:49 pm ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 10, 2018 /CNW/ - AKITA Drilling Ltd.'s announces director election results from its 2018 annual meeting of shareholders held May 8, 2018. The following nominees, listed in the information circular dated March 7, 2018 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
May 09, 2018 11:33 am ET
AKITA Declares Quarterly Dividend
CALGARY, May 8, 2018 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Apr 27, 2018 05:17 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, April 27, 2018 /CNW/ - AKITA Drilling Ltd.'s net loss for the three months ended March 31, 2018 was $1,912,000 (net loss of $0.11 per share basic and diluted) on revenue of $27,089,000, compared to a net loss of $4,975,000 (net loss of $0.28 per share basic and diluted) on revenue of $19,193,000  for the corresponding period in 2017.  Funds flow from operations for the quarter ended March 31, 2018 was $4,519,000 compared to $1,824,000 in the corresponding quarter of 2017.
Mar 07, 2018 05:40 pm ET
AKITA Drilling Ltd. releases year-end results
CALGARY, March 7, 2018 /CNW/ - AKITA Drilling Ltd.'s net loss for the year ended December 31, 2017 was $39,177,000 (net loss of $2.18 per share (basic and diluted)) on revenue of $71,198,000 compared to net income of $5,329,000 or $0.30 earnings per share (basic and diluted) on revenue of $61,061,000 in 2016.  Included in the 2017 net loss is an asset decommissioning and impairment expense of $29,123,000 (after tax effect of $15,320,000 or $0.85 per share). 2016 results included significant contract cancellation revenue of $28,250,000 ($20,609,000 after tax). Net loss from routine operations
Mar 07, 2018 03:32 pm ET
AKITA Declares Quarterly Dividend
CALGARY, March 7, 2018 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Jan 22, 2018 03:23 pm ET
AKITA Announces Permian Basin Expansion
CALGARY, Jan. 22, 2018 /CNW/ - AKITA Drilling Ltd. ("AKITA" or the "Company") announces its expansion into the Permian Basin.
Nov 10, 2017 03:08 pm ET
AKITA Declares Quarterly Dividend
CALGARY, Nov. 10, 2017 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Oct 31, 2017 09:20 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, Oct. 31, 2017 /CNW/ - AKITA Drilling Ltd.'s net loss for the three months ended September 30, 2017 was $3,811,000 (net loss of $0.21 per share basic & diluted) on revenue of $14,908,000 compared to a net loss of $4,668,000 (net loss of $0.26 per share basic & diluted) on revenue of $6,616,000 for the corresponding period of 2016. Funds flow from operations decreased to $1,472,000 in the third quarter of 2017 from $2,197,000 in the corresponding period of 2016.
Aug 24, 2017 05:19 pm ET
AKITA Declares Quarterly Dividend for the Period Ending September 30, 2017
CALGARY, Aug. 24, 2017 /CNW/ - (TSX:AKT) AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Jul 28, 2017 08:39 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, July 28, 2017 /CNW/ - AKITA Drilling's net loss for the three months ended June 30, 2017 was $4,491,000 (net loss of $0.25 per share basic & diluted) on revenue of $17,986,000 compared to a net loss of $4,062,000 (net loss of $0.23 per share basic & diluted) on revenue of $3,646,000 for the corresponding period of 2016. Funds flow from operations increased to $3,254,000 in the second quarter of 2017 from $2,688,000 in the corresponding period of 2016.
May 10, 2017 01:13 pm ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 10, 2017 /CNW/ - AKITA Drilling Ltd.'s announces director election results from its 2017 annual meeting of shareholders held May 9, 2017. The following nominees, listed in the information circular dated March 3, 2017 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
May 09, 2017 07:43 pm ET
AKITA Declares Quarterly Dividend May 9, 2017
CALGARY, May 9, 2017 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Apr 27, 2017 09:11 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, April 27, 2017 /CNW/ - AKITA Drilling Ltd.'s net loss for the three months ended March 31, 2017 was $4,975,000 (net loss of $0.28 per share basic and diluted) on revenue of $19,193,000, compared to net income of $18,173,000 (net income of $1.01 per share basic and diluted) on revenue of $41,991,000 ($13,741,000 from direct operations and $28,250,000 from contract cancelation fee) for the corresponding period in 2016. Funds flow from operations for the quarter ended March 31, 2017 was $1,824,000 compared to $25,368,000 in the corresponding quarter in 2016.
Mar 03, 2017 07:11 pm ET
AKITA Declares Quarterly Dividend
CALGARY, March 3, 2017 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Mar 03, 2017 07:05 pm ET
AKITA Drilling Ltd. releases year-end results
CALGARY, March 3, 2017 /CNW/ - AKITA Drilling Ltd.'s net income for the year ended December 31, 2016 was $5,329,000 (net income of $0.30 per share (basic and diluted)) on revenue of $61,061,000 compared to a net loss of $33,965,000 or a $1.89 loss per share (basic and diluted) on revenue of $112,488,000 in 2015.  Results in 2016 included significant contract cancelation revenue of $28,250,000 ($20,609,000 after tax) while 2015 included an asset impairment expense of $41,968,000 (after tax effect of $30,748,000). The Company had a net loss from routine operations of $15,280,000 (net loss of $
Nov 11, 2016 02:53 pm ET
AKITA Declares Quarterly Dividend
CALGARY, Nov. 11, 2016 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Oct 27, 2016 06:32 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, Oct. 27, 2016 /CNW/ - AKITA Drilling Ltd.'s net loss for the three months ended September 30, 2016 was $4,668,000 (net loss of $0.26 per share basic and diluted) on revenue of $6,616,000, compared to a net loss of $7,581,000 (net loss of $0.42 per share basic and diluted) on revenue of $22,021,000 for the corresponding period in 2015.  The third quarter of 2015 included an asset impairment expense of $8,200,000.  Funds flow from operations for the quarter ended September 30, 2016 was $2,197,000 compared to $8,225,000 in the corresponding quarter in 2015.
Aug 30, 2016 02:46 pm ET
AKITA Declares Quarterly Dividend
CALGARY, Aug. 30, 2016 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Jul 25, 2016 10:13 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, July 25, 2016 /CNW/ - AKITA Drilling Ltd.'s net loss for the three months ended June 30, 2016 was $4,062,000 (net loss of $0.23 per share basic and diluted) on revenue of $3,646,000, compared to net loss of $1,620,000 (net loss of $0.09 per share basic and diluted) on revenue of $22,536,000 for the corresponding period in 2015. Funds flow from operations for the quarter ended June 30, 2016 was $2,688,000 compared to $9,072,000 in the corresponding quarter in 2015.
May 30, 2016 01:52 pm ET
AKITA Drilling Ltd. Announces Director Election Results
CALGARY, May 30, 2016 /CNW/ - AKITA Drilling Ltd.'s announces director election results from its 2016 annual meeting of shareholders held May 10, 2016. The following nominees, listed in the information circular dated March 3, 2016 were elected as directors of AKITA according to the proxies received and the ballots cast at the meeting.
May 10, 2016 05:24 pm ET
AKITA Declares Quarterly Dividend
CALGARY, May 10, 2016 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Apr 27, 2016 08:13 pm ET
AKITA Drilling Ltd. Announces Year-to-Date Earnings and Cash Flow
CALGARY, April 27, 2016 /CNW/ - AKITA Drilling Ltd.'s net income for the three months ended March 31, 2016 was $18,173,000 ($1.01 per share basic & diluted) on revenue of $41,991,000 compared to net income of $4,218,000 ($0.24 per share basic; $0.23 per share diluted) on revenue of $46,715,000 for the corresponding period in 2015. Funds flow from operations for the quarter ended March 31, 2016 was $25,368,000 compared to $14,059,000 in the corresponding quarter in 2015. The current year to date results included significant contract cancellation revenue relating to an early termination of
Mar 03, 2016 06:26 pm ET
AKITA Declares Quarterly Dividend
CALGARY, March 3, 2016 /CNW/ - AKITA Drilling Ltd.'s Board of Directors approved the payment of a quarterly dividend to shareholders.
Mar 03, 2016 06:25 pm ET
AKITA Drilling Ltd. releases year-end results
CALGARY, March 3, 2016 /CNW/ - AKITA Drilling Ltd.'s net loss for the year ended December 31, 2015 was $33,965,000 (net loss of $1.89 per share (basic and diluted)) on revenue of $112,488,000 compared to net income of $21,079,000 or $1.17 per share (basic and diluted) on revenue of $165,274,000 in 2014.  The 2015 results include an asset impairment expense of $41,968,000 (after tax effect of $30,748,000 or $1.71 per share) with respect to certain of its rigs in addition to a net loss of $3,217,000 (net loss of $0.18 per share) as a result of routine operations.  Funds flow from operations fo