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Ability Drilling ASA
Trollhaugmyra 15
P.O. Box 242
Phone: (56) 324-343p:56 324-343 Straume, 5342  Norway Ticker: ADRLADRL
This company is no longer actively traded on any major stock exchange.
Business Summary
Ability Drilling ASA is a Norway-based onshore drilling contractor. The Company’s business strategy is to adapt offshore drilling technology to the onshore drilling market, utilizing fourth generation (4G) drilling technology. Its drilling concept consists of a compact designed drilling package based on the rack and pinion (R and P) principle. Ability Drilling targets onshore oil operations in the Middle East North Africa (MENA) market, the geothermal market in Europe and the market for drilling of gas storage caverns. Ability Drilling has subsidiaries in Malta, through which it owns all the rig building contracts and options for additional rigs. The Company’s R and P rigs are designed for drilling, under balanced drilling, slim hole drilling, work over, well intervention, snubbing operations and re-entry.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
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Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/200812/31/2008Yes----

Industries
SIC Code Description
1381 Drilling oil and gas wells
1389 Oil and gas field services, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board GeirNordahl-Pedersen 4/1/2006 4/1/2006
Chief Executive Officer, President Hans P.Eikeland 8/1/2006 8/1/2006
Chief Financial Officer KennethTunes 1/1/2007 9/1/2006
10 additional Officers and Directors records available in full report.

General Information
Number of Employees: 86 (As of 12/31/2008)
Outstanding Shares: 50,070,000 (As of 12/31/2008)
Stock Exchange: OSL
Fax Number: (56) 324-344


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Saturday, July 22, 2023