Xtreme Coil Update-Mexico Operations
CALGARY, ALBERTA–(Marketwire – March 18, 2010) – Xtreme Coil Drilling Corp. (“Xtreme Coil”, the “Company”) (TSX:XDC) received notification on March 17, 2010 from the Company’s customer, a global integrated oilfield services company (“Services Company”), with respect to their operations in the Chicontepec development project in the United Mexican States (“Mexico”). The Services Company advised it has received operator notification that there is no remaining budget for expenditures relating to contracted work in ATG I & II and, therefore, the operator does not expect to drill the total number of wells initially planned for these projects.
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