Trinidad Drilling Ltd. Initiates Strategic Review Process
(WorldNews Canada)

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. CALGARY, Alberta, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Trinidad Drilling Ltd. (TSX:TDG) (`Trinidad` or `the Company`) today announced that Trinidad`s Board of Directors (the `Board`) has commenced a formal process to initiate a strategic review in an effort to enhance shareholder value. Trinidad believes that the current trading price of its common shares does not reflect the value of the Company, despite improving industry fundamentals and recent steps taken by Trinidad to improve shareholder value. In connection with this process, the Board intends to undertake a comprehensive review to identify...