Geodrill Ltd. , a leading West African based drilling company, announced the voting results of its Annual and Special Meeting of Shareholders held on May 12, 2025. The nominees listed in the management information circular dated April 2, 2025 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below: Director Outcome of Vote Yes No Abstain Dave Harper as Director Carried [...]
-Strong Commodity Prices and Robust Demand Drives Record Revenue and EBITDA- Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three months ended March 31, 2025. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Financial Overview Q1-2025 [...]
Geodrill announces that the Company's Annual and Special Meeting of Shareholders will be held at the Company's office at Ragnall House, 18 Peel Road, Douglas, Isle of Man, IM1 4LZ on Monday May 12, 2025, at 10:00am ET. The Company will only conduct the formal legal business at the Meeting and provide access via a teleconference. The Company requests that shareholders vote in advance by voting on-line as noted on their [...]
Geodrill reported its financial results for the three and twelve months ended December 31, 2024. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards. Highlights for Fiscal 2024: Achieved record revenue of $143.1M, a 10% increase compared to $130.5M for Fiscal 2023; Increased gross profit margin to 24% from 23% in Fiscal 2023 despite operating in a highly inflationary [...]
Geodrill announces that the Company will release its financial results for the three and twelve months ended December 31, 2024, prior to the market open on Monday March 3, 2025. Following the release, management of the Company will host a conference call at 10:00 am ET to discuss the financial results. Q4 2023 Conference Call Information Date & Time: Monday, March 3, 2025 at 10:00 a.m. ET Telephone: Toll Free [...]
Geodrill Ltd. , has entered into an agreement whereby Geodrill has accepted publicly listed shares of one of its clients in exchange for outstanding receivables due to Geodrill of approximately USD$7.7M . The Share Acquisition will result in a reversal of the expected lifetime credit losses of approximately USD$2.7M. The publicly listed shares are subject to a four-month hold and will be included in financial assets at [...]
- Long-Term, Multi- Rig Contracts Drive Profitability - Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three month and nine month period ended September 30, 2024. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Financial Highlights [...]
Geodrill Ltd. , a leading West African based drilling company, announces that the Company will release its financial results for the three and nine months ended September 30, 2024, prior to the market open on Monday November 11, 2024. Following the release, management of the Company will host a conference call to discuss the financial results. Q3 2024 Conference Call Information Date & Time: Monday, November 11, 2024 at [...]
-Generated Record Revenue Driven by Long-Term Contracts- Geodrill Ltd. , a leading West African based drilling company, reported its financial results for the three month and six month period ended June 30, 2024. All figures are reported in U.S. dollars , unless otherwise indicated. Geodrill's financial statements are prepared in accordance with International Financial Reporting Standards . Financial Highlights Q2-2024 [...]
Geodrill Ltd. , a leading West African based drilling company, announces that the Company will release its financial results for the three and six months ended June 30, 2024, prior to the market open on Monday August 12, 2024. Following the release, management of the Company will host a conference call to discuss the financial results. Q2 2024 Conference Call Information Date & Time: Monday, August 12, 2024 at 10:00 a.m [...]
Geodrill Ltd. , a leading West African based drilling company, announced today that the Toronto Stock Exchange has accepted its notice of intention to renew its normal course issuer bid to purchase outstanding ordinary shares of the Company on the open market in accordance with the rules of the TSX. Any such purchases will occur from time to time and in aggregate will be up to 2,346,070 Ordinary Shares over a 12-month [...]
Geodrill Ltd. , a leading West African based drilling company, announced the voting results of its Annual and Special Meeting of Shareholders held on May 13, 2024. The nominees listed in the management information circular dated April 4, 2024 were elected as directors of the Company at the Meeting. Detailed results of the vote are set out below: Director Outcome of Vote Yes No Abstain Dave Harper as Director Carried [...]
