OREANDA-NEWS. June 27, 2012. Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL) has been notified that S. Douglas Stinemetz, General Counsel of EDC, bought 904 GDRs of the Company at a price of USD 23.32 per GDR on June 13, 2012.

After this transaction, Mr. Stinemetz's total holdings in the Company amount to 22,571 GDRs (equivalent to 22,571 common shares), representing around 0.02% of the Issued and Outstanding Shares of the Company.

EDC is the largest provider of onshore drilling services in Russia, as measured by the number of meters drilled, providing onshore integrated well construction services and workover services.  In addition, the Company provides offshore drilling services in the Caspian Sea. The Company offers its onshore integrated well construction services and workover services to local and international oil and gas companies primarily in Russia and its offshore drilling services to Russian and international oil and gas companies in the Russian, Kazakh and Turkmen sectors of the Caspian Sea. The Company is traded on the London Stock Exchange under the symbol “EDCL”.