e425
Form 425
Filed by Bronco Drilling Company, Inc.
pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
of the Securities Exchange Act of 1934
Subject Company: Allis-Chalmers Energy, Inc.
Commission File No.: 001-02199
Bronco Drilling Company, Inc. Announces
Fourth Quarter and Fiscal Year 2007 Results
OKLAHOMA CITY(BUSINESS WIRE)March 11, 2008Bronco Drilling
Company, Inc., (Nasdaq/GM:BRNC), announced today financial and
operational results for the three months and year ended December 31,
2007.
Revenues for the fourth quarter of 2007 were $69.0 million
compared to $76.3 million for the third quarter of 2007 and $82.5
million for the fourth quarter of 2006. Average operating rigs for the
fourth quarter of 2007 were 48 compared to 53 for the previous quarter
and 50 for the fourth quarter of 2006. Revenue days for the quarter
decreased to 3,250 from 3,739 for the previous quarter and from 4,176
for the fourth quarter of 2006. Utilization for the fourth quarter of
2007 was 73% compared to 76% for the previous quarter and 91% for the
fourth quarter of 2006.
Average daily cash margins for our land drilling fleet for the
quarter ended December 31, 2007, were $8,747 compared to $8,373 for
the previous quarter and $10,142 for the fourth quarter of 2006. Net
income for the fourth quarter of 2007 was $6.4 million (see note below
regarding non-recurring charge) compared to $11.1 million for the
previous quarter and $16.4 million for the fourth quarter of 2006. The
Company generated EBITDA of $24.6 million for the fourth quarter of
2007 compared to $28.3 million for the previous quarter and $38.5
million for the fourth quarter of 2006. Results for the fourth quarter
of 2007 were impacted by the movement of the rigs to be contributed or
sold to Challenger Limited to our various yards in preparation for
mobilization to Libya.
The Companys fully diluted earnings per share for the quarter
ended December 31, 2007, were $0.25. This number includes a
non-recurring charge related to the recognition of sales and use tax
on historical capital asset expenditures. This resulted in a
cumulative adjustment to depreciation and interest expense. Excluding
the non-recurring charge, fully diluted earnings per share would be
$0.28. This compares to fully diluted earnings per share of $0.42 for
the previous quarter and $0.66 for the fourth quarter of 2006.
Revenues for the year ended December 31, 2007 were $299.0 million
compared to $285.8 million for the year ended 2006. Average operating
rigs for 2007 grew to 51 from 45 for the previous year. Revenue days
for the year decreased to 14,245 from 15,202 for the previous year.
Utilization for the year ended December 31, 2007 was 76% compared to
93% for 2006. Average daily cash margins for 2007 were $8,585 compared
to $9,618 for the previous year. Net income for 2007 was $37.6 million
compared to $59.8 million for 2006. The Company generated EBITDA of
$109.7 million in 2007 compared to $130.0 million for the previous
year. The Companys fully diluted earnings per share for the year
ended December 31, 2007, was $1.44 compared to $2.43 for 2006.
On January 4, 2008, we completed our previously announced
acquisition of a 25% equity interest in Challenger Limited in exchange
for six drilling rigs and $5.0 million in cash. Challenger is an
international provider of contract land drilling and workover services
to oil and natural gas companies with its principal operations in
Libya. Five of the contributed drilling rigs were from our existing
marketed fleet and one was a newly constructed rig. In a separate
transaction, we sold to Challenger four additional drilling rigs and
ancillary equipment for $12.0 million.
Three of the ten rigs arrived in Libya in late February. We
anticipate all three rigs will be operating by early April. The
remaining rigs are scheduled to ship periodically in April and May,
and we anticipate that all of the rigs will be operating by the
beginning of July.
About Bronco Drilling
Bronco Drilling Company, Inc., a publicly held company
headquartered in Edmond, Oklahoma, is a provider of contract land
drilling services and workover services to oil and natural gas
exploration and production companies. Broncos common stock is quoted
on The Nasdaq Global Market under the symbol BRNC. For more
information about Bronco Drilling Company, Inc., visit
http://www.broncodrill.com.
Bronco Drilling Company, Inc. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(Amounts in thousands, except share par value)
|
|
|
|
|
|
|
|
|
|
|
December 31, |
|
|
|
2007 |
|
|
2006 |
|
ASSETS |
|
|
|
|
|
|
|
|
|
CURRENT ASSETS |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
5,721 |
|
|
$ |
10,608 |
|
Receivables |
|
|
|
|
|
|
|
|
Trade and other, net of allowance for doubtful
accounts of $1,834 and $400 in 2007 and 2006,
respectively |
|
|
61,499 |
|
|
|
60,282 |
|
Contract drilling in progress |
|
|
2,128 |
|
|
|
1,989 |
|
Income tax receivable |
|
|
1,191 |
|
|
|
|
|
Current deferred income taxes |
|
|
775 |
|
|
|
155 |
|
Prepaid expenses |
|
|
705 |
|
|
|
338 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current assets |
|
|
72,019 |
|
|
|
73,372 |
|
|
|
|
|
|
|
|
|
|
PROPERTY AND EQUIPMENT AT COST |
|
|
|
|
|
|
|
|
Drilling rigs and related equipment |
|
|
510,962 |
|
|
|
396,499 |
|
Transportation, office and other equipment |
|
|
41,942 |
|
|
|
29,928 |
|
|
|
|
|
|
|
|
|
|
|
552,904 |
|
|
|
426,427 |
|
Less accumulated depreciation |
|
|
86,274 |
|
|
|
44,505 |
|
|
|
|
|
|
|
|
|
|
|
466,630 |
|
|
|
381,922 |
|
|
|
|
|
|
|
|
|
|
OTHER ASSETS |
|
|
|
|
|
|
|
|
Goodwill |
|
|
23,908 |
|
|
|
21,280 |
|
Restricted cash and deposit |
|
|
2,745 |
|
|
|
2,600 |
|
Intangibles, net, and other |
|
|
3,303 |
|
|
|
3,314 |
|
|
|
|
|
|
|
|
|
|
|
29,956 |
|
|
|
27,194 |
|
|
|
|
|
|
|
|
|
|
|
|
$ |
568,605 |
|
|
$ |
482,488 |
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS EQUITY |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
16,715 |
|
|
$ |
19,677 |
|
Accrued liabilities |
|
|
19,280 |
|
|
|
11,767 |
|
Income tax payable |
|
|
|
|
|
|
3,724 |
|
Current maturities of long-term debt |
|
|
1,256 |
|
|
|
636 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total current liabilities |
|
|
37,251 |
|
|
|
35,804 |
|
|
|
|
|
|
|
|
|
|
LONG-TERM DEBT, less current maturities |
|
|
66,862 |
|
|
|
64,091 |
|
|
|
|
|
|
|
|
|
|
DEFERRED INCOME TAXES |
|
|
68,063 |
|
|
|
42,608 |
|
|
|
|
|
|
|
|
|
|
COMMITMENTS AND CONTINGENCIES (Note 9) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STOCKHOLDERS EQUITY |
|
|
|
|
|
|
|
|
Common stock, $.01 par value, 100,000 shares
authorized; 26,031 and 24,938 shares issued and
outstanding at December 31, 2007 and 2006 |
|
|
262 |
|
|
|
250 |
|
|
|
|
|
|
|
|
|
|
Additional paid-in capital |
|
|
298,195 |
|
|
|
279,355 |
|
|
|
|
|
|
|
|
|
|
Retained earnings |
|
|
97,972 |
|
|
|
60,380 |
|
|
|
|
|
|
|
|
Total stockholders equity |
|
|
396,429 |
|
|
|
339,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
568,605 |
|
|
$ |
482,488 |
|
|
|
|
|
|
|
|
Bronco Drilling Company, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF OPERATIONS
(Amounts in thousands, except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years Ended December 31, |
|
|
|
2007 |
|
|
2006 |
|
|
2005 |
|
REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
Contract drilling revenues, including 1%,
4% and 3% to related parties |
|
|
276,088 |
|
|
$ |
285,828 |
|
|
$ |
77,885 |
|
Well service |
|
|
22,864 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
298,952 |
|
|
|
285,828 |
|
|
|
77,885 |
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
Contract drilling |
|
|
153,797 |
|
|
|
139,607 |
|
|
|
44,695 |
|
Well service |
|
|
14,299 |
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
44,241 |
|
|
|
30,335 |
|
|
|
9,143 |
|
General and administrative |
|
|
22,690 |
|
|
|
15,709 |
|
|
|
9,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
235,027 |
|
|
|
185,651 |
|
|
|
63,233 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from operations |
|
|
63,925 |
|
|
|
100,177 |
|
|
|
14,652 |
|
|
OTHER INCOME (EXPENSE) |
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
(4,762 |
) |
|
|
(1,736 |
) |
|
|
(1,415 |
) |
Loss from early extinguishment of debt |
|
|
|
|
|
|
(1,000 |
) |
|
|
(2,062 |
) |
Interest income |
|
|
1,239 |
|
|
|
164 |
|
|
|
432 |
|
Other |
|
|
294 |
|
|
|
284 |
|
|
|
53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3,229 |
) |
|
|
(2,288 |
) |
|
|
(2,992 |
) |
|
|
|
|
|
|
|
|
|
|
Income before income taxes |
|
|
60,696 |
|
|
|
97,889 |
|
|
|
11,660 |
|
Income tax expense |
|
|
23,104 |
|
|
|
38,056 |
|
|
|
6,529 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME |
|
$ |
37,592 |
|
|
$ |
59,833 |
|
|
$ |
5,131 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income per common share-Basic |
|
$ |
1.45 |
|
|
$ |
2.43 |
|
|
$ |
0.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income per common share-Diluted |
|
$ |
1.44 |
|
|
$ |
2.43 |
|
|
$ |
0.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
outstanding-Basic |
|
|
25,996 |
|
|
|
24,585 |
|
|
|
16,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
outstanding-Diluted |
|
|
26,101 |
|
|
|
24,623 |
|
|
|
16,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
PRO FORMA INFORMATION (unaudited): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Historical income before income taxes |
|
|
|
|
|
|
|
|
|
$ |
11,660 |
|
Pro forma provision for income taxes |
|
|
|
|
|
|
|
|
|
|
4,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro forma income |
|
|
|
|
|
|
|
|
|
$ |
7,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pro forma income per common share-Basic
and Diluted |
|
|
|
|
|
|
|
|
|
$ |
0.45 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
outstanding-Basic |
|
|
|
|
|
|
|
|
|
|
16,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
outstanding-Diluted |
|
|
|
|
|
|
|
|
|
|
16,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Bronco Drilling Company Inc.
Quarterly Results
Year Ended December 31, 2007
(Amounts in thousands except per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
First |
|
|
Second |
|
|
Third |
|
|
Fourth |
|
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
2007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenues |
|
$ |
78,981 |
|
|
$ |
74,720 |
|
|
$ |
76,286 |
|
|
$ |
68,965 |
|
Income from operations |
|
|
19,643 |
|
|
|
14,633 |
|
|
|
18,648 |
|
|
|
11,001 |
|
Income tax expense |
|
|
7,101 |
|
|
|
5,428 |
|
|
|
7,009 |
|
|
|
3,566 |
|
Net income |
|
|
11,386 |
|
|
|
8,714 |
|
|
|
11,068 |
|
|
|
6,424 |
|
Income per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
0.44 |
|
|
|
0.33 |
|
|
|
0.43 |
|
|
|
0.25 |
|
Diluted |
|
|
0.44 |
|
|
|
0.33 |
|
|
|
0.42 |
|
|
|
0.25 |
|
Non-GAAP Financial Measures
This press release includes a presentation of average daily cash
margin and EBITDA which are not financial measures recognized under
generally accepted accounting principles, or GAAP. Average daily cash
margin is a non-GAAP financial measure equal to net income, the most
directly comparable GAAP financial measure, minus well service
revenue, plus well service expense, income tax expense, other expense,
general and administrative expense and depreciation and amortization,
and divided by revenue days for the period. EBITDA is a non-GAAP
financial measure equal to net income, the most directly comparable
GAAP financial measure, plus interest expense, income tax expense and
depreciation and amortization. We have presented average daily cash
margin and EBITDA because we use these metrics as an integral part of
our internal reporting to measure our performance and to evaluate the
performance of our senior management. We consider these metrics to be
important indicators of the operational strength of our business. A
limitation of these metrics, however, is that they do not reflect the
periodic costs of certain capitalized tangible and intangible assets
used in generating revenues in our business. Management evaluates the
costs of such tangible and intangible assets and the impact of related
impairments through other financial measures, such as capital
expenditures, investment spending and return on capital. Therefore, we
believe that average daily cash margin and EBITDA provide useful
information to our investors regarding our performance and overall
results of operations. Neither average daily cash margin nor EBITDA is
intended to be a performance measure that should be regarded as an
alternative to, or more meaningful than, either net income as an
indicator of operating performance or to cash flows from operating
activities as a measure of liquidity. In addition, neither of these
metrics is intended to represent funds available for dividends,
reinvestment or other discretionary uses, and should not be considered
in isolation or as a substitute for measures of performance prepared
in accordance with GAAP. These non-GAAP financial measures may not be
comparable to similarly titled measures presented by other companies,
and may not be identical to corresponding measures used in our various
agreements.
The following presents a reconciliation of average daily cash
margin and EBITDA to net income, the most directly comparable GAAP
financial measure (in thousands, except revenue days and average daily
cash margin):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended |
|
|
Three Months Ended |
|
|
|
December 31, |
|
|
September 30, |
|
|
|
2007 |
|
|
2006 |
|
|
2007 |
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
Reconciliation of average daily
cash margin to net income: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
6,424 |
|
|
$ |
16,352 |
|
|
$ |
11,068 |
|
Well service revenue |
|
|
(7,189 |
) |
|
|
|
|
|
|
(5,845 |
) |
Well service expense |
|
|
4,447 |
|
|
|
|
|
|
|
3,931 |
|
Income tax expense |
|
|
3,566 |
|
|
|
11,867 |
|
|
|
7,009 |
|
Other expense |
|
|
1,011 |
|
|
|
705 |
|
|
|
571 |
|
General and administrative |
|
|
7,247 |
|
|
|
3,968 |
|
|
|
5,353 |
|
Depreciation and amortization |
|
|
12,923 |
|
|
|
9,459 |
|
|
|
9,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Drilling margin |
|
|
28,429 |
|
|
|
42,351 |
|
|
|
31,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue days |
|
|
3,250 |
|
|
|
4,176 |
|
|
|
3,739 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average daily cash margin |
|
$ |
8,747 |
|
|
$ |
10,142 |
|
|
$ |
8,373 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
December 31, |
|
|
|
2007 |
|
|
2006 |
|
Reconciliation of average daily
cash margin to net income: |
|
|
|
|
|
|
|
|
Net income |
|
$ |
37,592 |
|
|
$ |
59,833 |
|
Well service revenue |
|
|
(22,864 |
) |
|
|
|
|
Well service expense |
|
|
14,299 |
|
|
|
|
|
Income tax expense |
|
|
23,104 |
|
|
|
38,056 |
|
Other expense |
|
|
3,229 |
|
|
|
2,288 |
|
General and administrative |
|
|
22,690 |
|
|
|
15,709 |
|
Depreciation and amortization |
|
|
44,241 |
|
|
|
30,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Drilling margin |
|
|
122,291 |
|
|
|
146,221 |
|
|
|
|
|
|
|
|
|
|
Revenue days |
|
|
14,245 |
|
|
|
15,202 |
|
|
|
|
|
|
|
|
|
|
Average daily cash margin |
|
$ |
8,585 |
|
|
$ |
9,618 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months |
|
|
Three Months |
|
|
|
Ended |
|
|
Ended |
|
|
|
December 31, |
|
|
September 30, |
|
|
|
2007 |
|
|
2006 |
|
|
2007 |
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
Calculation of EBITDA: |
|
|
|
|
|
|
|
|
|
|
|
|
Net income |
|
$ |
6,424 |
|
|
$ |
16,352 |
|
|
$ |
11,068 |
|
Interest expense |
|
|
1,690 |
|
|
|
844 |
|
|
|
1,009 |
|
Income tax expense |
|
|
3,566 |
|
|
|
11,867 |
|
|
|
7,009 |
|
Depreciation and amortization |
|
|
12,923 |
|
|
|
9,459 |
|
|
|
9,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
$ |
24,603 |
|
|
$ |
38,522 |
|
|
$ |
28,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
December 31, |
|
|
|
2007 |
|
|
2006 |
|
Calculation of EBITDA: |
|
|
|
|
|
|
|
|
Net income |
|
$ |
37,592 |
|
|
$ |
59,833 |
|
Interest expense |
|
|
4,762 |
|
|
|
1,736 |
|
Income tax expense |
|
|
23,104 |
|
|
|
38,056 |
|
Depreciation and amortization |
|
|
44,241 |
|
|
|
30,335 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA |
|
$ |
109,699 |
|
|
$ |
129,960 |
|
|
|
|
|
|
|
|
Important Information
On January 23, 2008, Bronco Drilling Company, Inc. (Bronco
Drilling) entered into a merger agreement with Allis-Chalmers Energy
Inc. (Allis-Chalmers), providing for the acquisition of Bronco
Drilling by Allis-Chalmers. In connection with the proposed merger,
Allis-Chalmers filed a registration statement on Form S-4
(Registration No. 333-149326) with the Securities and Exchange
Commission (the SEC) on February 20, 2008, which registration
statement contains a joint proxy statement/prospectus of both
companies. Allis-Chalmers and Bronco Drilling may file other relevant
documents concerning the proposed merger, including any amendments to
such registration statement. INVESTORS ARE URGED TO READ THE JOINT
PROXY STATEMENT/PROSPECTUS AND ANY OTHER RELEVANT DOCUMENTS FILED WITH
THE SEC, BECAUSE THEY CONTAIN IMPORTANT INFORMATION REGARDING THE
MERGER. Investors and security holders may obtain a free copy of the
joint proxy statement/prospectus and the other documents free of
charge at the website maintained by the SEC at www.sec.gov.
The documents filed with the SEC by Allis-Chalmers may be obtained
free of charge from Allis-Chalmers website at www.alchenergy.com or
by calling Allis-Chalmers Investor Relations department at (713)
369-0550.
The documents filed with the SEC by Bronco Drilling may be
obtained free of charge from Bronco Drillings website at
www.broncodrill.com or by calling Bronco Drillings Investor Relations
department at (405) 242-4444.
Investors and security holders are urged to read the joint proxy
statement/prospectus and the other relevant materials before making
any voting or investment decision with respect to the proposed merger.
Allis-Chalmers and Bronco Drilling and their respective directors
and executive officers may be deemed to be participants in the
solicitation of proxies from the respective stockholders of each
company in connection with the merger. Information about the directors
and executive officers of Allis-Chalmers and their ownership of
Allis-Chalmers common stock is set forth in its proxy statement filed
with the SEC on April 30, 2007. Information about the directors and
executive officers of Bronco Drilling and their ownership of Bronco
Drilling common stock is set forth in its proxy statement filed with
the SEC on April 30, 2007. Investors may obtain additional information
regarding the interests of such participants by reading the joint
proxy statement/prospectus for the merger.
THIS PRESS RELEASE IS NOT AN OFFER TO SELL THE SECURITIES OF
ALLIS-CHALMERS AND IT IS NOT SOLICITING AN OFFER TO BUY THESE
SECURITIES.
Cautionary Note Regarding Forward-Looking Statements
The information in this press release contains forward-looking
statements within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. These forward-looking statements include, but are
not limited to, comments pertaining to estimated contract duration.
Such statements are subject to risks, uncertainties and assumptions,
including, but not limited to, early termination by the customer
pursuant to the contract or otherwise, cancellation or completion of
certain contracts or projects earlier than expected, operating hazards
and other factors described in Bronco Drilling Company, Incs. Annual
Report on Form 10-K filed with the SEC on March 8, 2007 and other
filings with the SEC, which are available free of charge on the SECs
website at www.sec.gov. Bronco cautions you that forward-looking
statements are not guarantees of future performance and that actual
results or developments may differ materially from those projected or
implied in these statements.
|
|
|
|
|
|
|
CONTACT:
|
|
Bob Jarvis |
|
|
|
|
Investor Relations |
|
|
|
|
Bronco Drilling Company |
|
|
|
|
(405) 242-4444 Ext: 102 |
|
|
|
|
bjarvis@broncodrill.com |