Our business plan was conceived on the strength of early client relationships. Our focus is on creating value by responding effectively to client needs, maintaining efficiency and providing excellent customer service. Our actions are guided by a corporate culture that values safety, integrity, quality, performance, and innovation.

2008

• Announced strategic move into the United States
• Deployed Rigs 11, 17, and 18 to the Anadarko Basin in Oklahoma
• Completed new operations centre in Leduc

2007

• Deployed Rigs 12, 15, 16, and 19 
• Completed rig construction program  

2006

• Deployed Rigs 11 and 14
• Advanced construction of Rig 12 and Rigs 15-18 for deployment in 2007
• Announced planned construction of Rigs 19 and 20 for deployment in late 2007

2005

• Completed initial public offering
• Began trading on the TSX under the symbol SDG.UN
• Commenced monthly distributions of $0.125 per trust unit
• Deployed Rigs 7 and 8, first telescopic triples in Canada
• Completed two equity financings to facilitate construction program
  for Rigs 9-12 and Rigs 14-18
• Deployed Rigs 9 and 10

2004

• Deployed Octi Pad, an evolution of the Quad Pad
• Developed telescopic triple technology
• Began construction of Rigs 7 and 8
• Prepared for initial public offering

2003

• Deployed Quad Pad technology
• Converted to private income trust
• Rebranded company as Stoneham Drilling Inc.

2002

• Maintained focus on operational excellence
• Further developed trust business model and prepared for growth
• Created Quad Pad, proprietary rig moving system

2001

• Deployed Rig 2 in January and Rig 3 in February
• Developed operational systems and processes
• Entered into long-term contracts to supply three additional drilling rigs
• Constructed and deployed Rigs 4, 5 and 6

2000

• Company formed as Seamans Drilling Inc., to meet identified client demand
• Developed business plan
• Assembled management team
• Raised financing, began construction of Rigs 1, 2 and 3
• Deployed Rig 1 in December