Stampede Drilling Announces Sale of Equipment

About this update from Stampede Drilling Inc.

[{"type":"text","content":"\n\n\nStampede Drilling Announces Sale of Equipment\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR DISSEMINATION IN THE UNITED STATES/\nCALGARY, AB, Nov. 3, 2025 /CNW/ - STAMPEDE DRILLING INC. (TSXV: SDI) (\"Stampede\" or the \"Corporation\") is pleased to announce that it has successfully completed the sale of certain drilling components (the \"Equipment\") from its A/C triple drilling rig (the \"A/C Triple\") previously acquired by Stampede in August, 2022 to a private company (the \"Purchaser\"), as initially announced on May 5, 2025.\nThe total purchase price was approximately $5.29 million, which included $5 million in cash and the transfer of certain drilling equipment of the Purchaser to Stampede, valued at $290,000. Stampede has retained nearly half of the key components from its A/C Triple, which are expected to be sold or integrated into the existing fleet.\nStampede's August 2022 acquisition was comprised of one A/C triple, five tele-doubles and other related assets. This sale of the Equipment represents approximately 25% of the total value of the August 2022 acquisition total purchase price. \nThe proceeds from the sale will be allocated to reduce the existing operating line, enabling us to pursue future strategic initiatives based on market conditions, such as potentially renewing our normal course issuer bid, funding capital expenditures to enhance rig marketability, and growth opportunities as market conditions improve.\nLyle Whitmarsh, President and CEO of Stampede, commented: \"The completion of this transaction marks a significant milestone for Stampede, strengthening our debt position and enhancing our financial flexibility. We are pleased to have recaptured 25% of the total purchase price of our August 2022 acquisition, while retaining the majority of the assets. Since that purchase, market conditions have shifted notably, with declining oil prices, operator consolidation and reduced customer interest in committed long-term contracts for the A/C Tr...

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