OREANDA-NEWS. Eurasia Drilling Company Limited ("EDC" or the "Company" - LSE: EDCL), the leading onshore and offshore drilling service provider in the CIS, announced today that on April 24 and April 29, 2014 a subsidiary of the Company purchased 374,831 of the Company's Global Depositary Receipts ("GDRs") at the average price of USD 24.0 per GDR. One GDR represents one ordinary share in EDC. The number of repurchased GDRs constitutes approximately 0.26% of the Company's issued and outstanding shares.

The GDRs were repurchased under the Company's Share Repurchase Program previously announced on February 20, 2014. In total 647,773 GDRs were repurchased since the start of the Program, which constitutes approximately 0.44% of the Company's issued and outstanding shares.

EDC is the largest provider of onshore drilling services in Russia, as measured by the number of metres drilled, providing onshore integrated well construction services and workover services. The Company also provides offshore drilling services in the Caspian Sea and is the largest provider of such services in the sectors where it operates based on the number of jack-up drilling rigs. 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. In addition, the Company provides onshore drilling services in Iraq. The Company is traded on the London Stock Exchange under the symbol "EDCL".