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Driller reports new contracts

Energold Drilling Corp. says it has recently been awarded several long-term service contracts worth a total of $45 million per year. The contracts with Energold's energy drilling division, Bertram Drilling Corp.

Energold Drilling Corp. says it has recently been awarded several long-term service contracts worth a total of $45 million per year. The contracts with Energold's energy drilling division, Bertram Drilling Corp., are with major oil and gas companies active in Western Canada. Vancouverbased Energold expects Bertram to reach $45 million to $55 million in revenues in 2012. It aims to grow the division by 25 to 50 per cent in 2013 over 2012 revenues. The company says Bertram has enough equipment to fulfil its contracts, but it's looking at ways to grow organically and through acquisitions. -