CanElson Drilling Provides Update on Mexico Operations and Grants Stock Options

- July 22nd, 2010

CanElson Drilling Inc.(TSX VENTURE:CDI) announced that its Mexican joint venture company, Diavaz CanElson de Mexico, S.A. de C.V., has signed a one year contract and commenced operation of the second service rig for DS Servicios Petroleros, S.A. de C.V. in the Ebano-Panuco-Cacalilao fields of the Misantla-Tampico basin of Mexico.

CanElson Drilling Inc.(TSX VENTURE:CDI) announced that its Mexican joint venture company, Diavaz CanElson de Mexico, S.A. de C.V., has signed a one year contract and commenced operation of the second service rig for DS Servicios Petroleros, S.A. de C.V. in the Ebano-Panuco-Cacalilao fields of the Misantla-Tampico basin of Mexico.

The press release is quoted as saying:

CanElson is an Alberta, Canada corporation that is currently engaged in the manufacture, acquisition and operation of drilling rigs for the oil and natural gas industry. CanElson currently operates in the Western Canadian Sedimentary Basin, the Permian Basin of west Texas and the Ebano-Panuco-Cacalilao fields of Mexico.

Click here to access the entire press release

Click here to access CanElson Corporate Site

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