Profile

Xtreme Coil develops and applies leading-edge patented and patent-related technology and designs to build, transport, and operate new COTD® drilling rigs. In addition to contracts in the United States of America (“United States”), the United Mexican States (“México”) and the Kingdom of Saudi Arabia (“Saudi Arabia”), Xtreme Coil markets proprietary, dual-purpose drilling rigs to existing customers and to other international operating regions. Xtreme Coil drills with larger coil and conventional drill pipe to reach hydrocarbons in deeper horizons. Including the most recent re-entry rig design, the XTC 200DTR^PLUS, Xtreme Coil’s fit-for-purpose rigs feature high capacity injectors as well as innovative handling of conventional pipe and coiled tubing, modular transportation systems and operating methods for achieving deeper, faster and safer drilling. Xtreme Coil’s common shares trade on the TSX under the symbol “XDC”.

Xtreme Coil has designed seven different models of COTD® drilling rigs to reach deeper crude oil and natural gas horizons, as well as for specific programs requiring “S” curve, directional and re-entry drilling. Five designs are completed and deployed and one is ready to commence field operations. The newest design, the XTC 200DTR^PLUS, was developed for the re-entry drilling projects that typically occur in the Middle East.

At June 9, 2010, Xtreme Coil held 18 patents related to technologies for drilling with coiled tubing and conventional drill pipe as well as for certain rig transportation methods. The patents have been issued by: the United States Patent and Trademark Office (nine), the Canadian Intellectual Property Office (seven), the Eurasian Patent Organization (one) and Indonesia (one). In March 2010, the jurisdiction for Indonesia approved one further Xtreme Coil patent application and advised it will provide the related patent registration number in due course. Xtreme Coil has more than 60 patent‐related applications in progress in the United States, Canada and other worldwide jurisdictions. The Company's issued and applied‐for patents collectively cover coiled tubing drilling and transportation technology including equipment and methods for coiled tubing drilling to depths of approximately 3,000 meters (10,000 feet) or more with large diameter coiled tubing and up to approximately 9,000 meters (30,000 feet) for re‐entry applications with smaller diameter tubing.

At June 30, 2010, there are 16 rigs in Xtreme Coil’s fleet.

• 6 rigs in Mexico
• 4 rigs in the Rocky Mountain region of Colorado
• 1 rig in Wyoming
• 2 rigs in Texas to prepare for deployment to Rocky Mountain region
• 1 rig preparing to move to Texas from Mexico
• 2 rigs for re-entry operations in Saudi Arabia.

Xtreme Coil's common shares trade on the Toronto Stock Exchange (“TSX”) under the symbol “XDC”.

Xtreme's Coil Over Top Drive® Rig 1