DI Industries Inc. announces new percentage of ownership in subsidiary company.HOUSTON--(BUSINESS WIRE)--Oct. 13, 1995--DI Industries, Inc. (AMEX AMEX See: American Stock Exchange Symbol: DRL DRL Bureau of Democracy, Human Rights and Labor (US State Department) DRL Daytime Running Lights DRL Department of Regulation and Licensing (real estate) DRL Dr Reddy's Laboratories ) [the "Company"] announced today that it has purchased from Thermal Drilling Inc. an additional 10 percent of the stock of its previously 80 percent owned subsidiary, DI/Perfensa, Inc. The transaction was valued at $342,000 cash plus certain other adjustments upon completion of a current geothermal ge·o·ther·mal also ge·o·ther·mic adj. Of or relating to the internal heat of the earth. ge contract in Mexico, due to finish this month. Max M. Dillard, president, commented that this was a good opportunity in light of a Sept. 29, 1995 announced C.F.E. (the Electric Company of Mexico) award of contract for $5 million in Baja, Calif. and other bids outstanding. DI/Perfensa Inc. is a drilling company which drills geothermal wells, principally in Central American countries Noun 1. Central American country - any one of the countries occupying Central America; these countries (except for Belize and Costa Rica) are characterized by low per capita income and unstable governments Central American nation . DI Industries, Inc., headquartered in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , is a holding company whose subsidiaries are primarily engaged in the business of providing both contract oil and gas and geothermal drilling, well workover services and large shaft drilling. CONTACT: DI Industries Inc., Houston Max Dillard, 713/874-0202 |
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