: January 6, 2008 Norwood Commences Mobilization of Drilling Equipment from Oklahoma to Nicaragua The mobilization was delayed by severe weather conditions prior to Christmas, which slowed the progress of modifying and refitting of the new rigs to meet the upcoming program specifications and ship scheduling issues. Read the full news realease here.

PDC Bits Foothills manufactures a full range of PDC (Poly Diamond Crystalline) bits. These are designed as Low Invasion Bits, constructed to deflect fluids away from the core ensuring it is preserved in its natural state. The PDC bit range also includes Radial Flow Bits designed to maintain higher circulation rates. Foothills can recommend the best bit to use, based on the hardness, recovery characteristics and the formation you are exploring. Low Invasion PDC bits are best when you are entering soft to medium formations, need to preserve the core in its natural state and still achieve the highest rates of penetration possible. Foothills was a pioneer, recognized as one of the first companies to use PDC cutters in building core bits. We now offer a full range of PDC bits using different cutters and body designs to achieve optimal coring results in a wide range of formations. Foothills standard PDC Coring Bits range in size from 4 ½ to 12 1/4 inches (114 - 311 mm). They are designed for use on standard Christensen Series 250P Core Barrels. Custom Bits are built on request.