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Trinidad Drilling Reports Fourth Quarter and Year-End 2016 Results; Year-Over-Year Results Lower but Industry Conditions Improving

Mar 01, 2017 - Marketwired

Trinidad Drilling Ltd. (TSX:TDG) (Trinidad) announced its fourth quarter and year-end 2016 results today. The impact of improving industry conditions began to be seen in the fourth quarter of 2016; however, year-over-year results were largely lower in 2016 compared to 2015.

Trinidad carefully managed its operations in 2016, responding to weak industry conditions in the first half of the year with lower operating costs and reduced general and administrative expenses. As industry conditions ...