Trinidad Drilling Ltd. announced the commencement of a cash tender offer to purchase any and all outstanding aggregate principal amount of its 7% Senior Notes due 2019. As of January 24, 2017, USD 450,000,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to purchase and related letter of transmittal, each dated as of January 25, 2017, and a notice of guaranteed delivery. The tender offer will expire on February 8, 2017, unless extended. Holders of 2019 notes that are validly tendered and accepted at or prior to the expiration time will receive total cash consideration of $1,005 per $1,000 principal amount of 2019 Notes, plus any accrued and unpaid interest to, but not including, the settlement date, which is currently expected to be as soon as reasonably practicable following the expiration time. Tendered notes may be withdrawn at any time prior to the Expiration Time.