OREANDA-NEWS. December 3, 2012. Eurasia Drilling Company Limited (“EDC” or the “Company” - LSE: EDCL), the leading onshore & offshore drilling service provider in the CIS, is today hosting a Capital Markets Day in London for investors and analysts to set out in detail its development strategy to deliver shareholder value and also to discuss the broader dynamics of the Russian oil field services market. EDC will also be hosting a Capital Markets Day addressing the same themes in New York on 15 November.

Presentations will be given by the senior management team led by Dr. Alexander Djaparidze, Chief Executive Officer, W. Richard Anderson, Chief Financial Officer, Murat Sampiev, Chief Operating Officer and Kim Kruschwitz, Vice President, Marketing & Investor Relations.

Dr. Alexander Djaparidze, EDC’s Chief Executive Officer, commented,

“The oil services market in Russia and the CIS is developing rapidly and we will be outlining our plans to build on EDC’s leadership position. The focus on innovation and investment to further enhance our capabilities and efficiency will allow us to continue to outperform rapidly growing market. We will complement the development of core CIS operations with careful international expansion where opportunities meet our strict returns criteria.”

The key themes that will be addressed in today’s presentations are EDC’s:

Multiple growth opportunities with on-shore drilling volumes expected to increase between 7% and 10% per year and high day rates in offshore markets;

Focus on the most attractive opportunities in our core CIS markets with a disciplined approach to international expansion;

Customer oriented approach to offer higher value services, including more complex drilling to provide access to reserves beyond the reach of traditional techniques;

Continuous development of the most modern and technologically advanced rig fleet in Russia and the Caspian Sea; and

Commitment to a prudent financial policy with a flexible capital expenditures programme.