News Details

Pacific Drilling Provides Update on Share Migrations from the Norwegian OTC List to the New York Stock Exchange

01/11/2012

LUXEMBOURG--(BUSINESS WIRE)-- Pacific Drilling S.A. (NYSE: PACD) (NOTC: PDSA) announced today that approximately 46 million common shares have migrated from the Norwegian OTC List (“NOTC”) to the New York Stock Exchange (“NYSE”). Approximately 9 million shares are still eligible for trading via the NOTC, while approximately 5 million shares are in the process of migrating to the NYSE.

Including 6.9 million shares issued in the recently completed initial public offering, a total of approximately 53 million shares are currently listed and eligible for trading on the NYSE.

With its best-in-class drillships and highly experienced team, Pacific Drilling is a fast growing company that is committed to becoming the industry’s preferred ultra-deepwater drilling contractor. Pacific Drilling’s fleet of six ultra-deepwater drillships will represent one of the youngest and most technologically advanced fleets in the world. The company currently operates four recently delivered drillships and has two additional drillships on order at Samsung to be delivered in 2013. For more information about Pacific Drilling, including our current Fleet Status, please visit our website at www.pacificdrilling.com.

Statements regarding the anticipated migration of shares and other statements that are not historical facts in this press release are forward-looking statements and are subject to certain risks, uncertainties and assumptions and consequently actual results may differ materially from those indicated or implied by such forward-looking statements. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to publicly update or revise any of them in light of new information, future events or otherwise.

Source: Pacific Drilling S.A.

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