Company Information for Cabo Drilling Corp

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TSX.V; CBE View full financial data

Company Statement

Cabo Drilling Corp. is a mineral and specialty drilling services provider headquartered in North Vancouver, British Columbia. With operations across Canada, Cabo’s growth within the mineral and specialty drilling services sector means improved services, technical capability and geo-graphical reach for its customers.

Cabo’s mission statement is:

To be the first choice for mineral exploration, mining, geoenvironmental/geotechnical & geothermal customers by offering the best value in the drilling services industry.

To be first choice among employees by offering the most stable, safe and rewarding workplace in the drilling services industry.

To be the first choice for investors by consistently generating superior value and providing excellent corporate governance to shareholders and stakeholders.

Current Operations

Cabo Drilling Corp. is a mineral and speciality drilling services company headquartered in North Vancouver, British Columbia.

Cabo provides drilling services through its divisions:

• Cabo Drilling (Atlantic) Corp. of Springdale, Newfoundland
• Cabo Drilling (Ontario) Corp. of Kirkland Lake, Ontario
• Cabo Drilling (Pacific) Corp. of Surrey, British Columbia
• Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Mexico
• Cabo Drilling (Panama) Corp. of Panama City, Republic of Panama
• Cabo Drilling Spain, SL of Seville, Spain
• Forages Cabo Inc. of Montreal, Quebec

The acquisition of Cabo's divisions has contributed directly to the Company's ability to reach one of its major goals: to become Canada's third largest mineral drilling company.

As a drilling services company, Cabo offers a unique investment opportunity by providing exposure to the mineral exploration and mining sectors without the commensurate risks associated with investing in mineral exploration companies. Additionally, drilling companies are not tied to a single commodity or project but have the ability to capitalize on the market's constant drive to locate new mineral resources.

Additionally, Cabo has expanded its operations into opportune alternative drilling sectors such as geoenvironmental/geotechnical and geothermal drilling. By consolidating through acquisition Cabo has achieved a competitive edge with additional customer services, improved productivity and greater economies of scale. Cabo will continue to align its subsidiaries over the next year to realize the following benefits:

• A reduction in drilling company operating costs; and
• Improved revenue as a result of offering increased services and greater customer awareness.

Services Provided

• Mineral and Specialty Drilling Service Provider
• Diamond Core Drilling
• Directional Drilling
• Surface diamond & reverse circulation drilling
• Overland and fly jobs
• Underground diamond drilling, Electric, hydraulic and air
• Soil sampling
• Dam site investigation drilling
• Slimhole Core Drilling for Oil and Gas Exploration
• Geotechnical
• Geothermal
• Geoenvironmental
• Restricted Access Investigations

Geographical Spread

Canada, United States, Mexico, Panama, Liberia and Spain

Board of Directors and Key Management

Directors:
John A. Versfelt	Chairman of the Board
J. Terry Aimone
Frank J. Nolan
Tom Oliver
Robin Preston
Greg Gerrie
Robert Schellenberg
Peter Walton
Officers:
John A. Versfelt	President & CEO
Calvin B. Lucyshyn	Controller/CFO

Company Address 3rd Floor 120 Lonsdale Avenue North Vancouver, V7M 2E8 Telephone: 604-984-8894 Facsimile: 604-983-8056 Email: info[at]cabo.ca Website: http://www.cabo.ca

Capital Issued and Outstanding: 47,742,013 Total Options: 2,747,502 Fully Diluted: 50,489,515

Annual General Meeting December, Vancouver

Year End June 30

Broker/Analyst Reports

10/04/07 - Loeb Aron

Major Shareholders

Management of the Company	21.3%
US Newsletter Writer	4.4%
UK Micro Cap Fund	4.0%

Related News

04/11/08 - Cabo Drilling Shows Resilience, Thanks To The Long-Term Planning Of Its Founder
19/03/08 - Blue Skies Over Cabo Drilling

Most Recent Statement

17/09/08 - Cabo awarded contract to drill a minimum 35,000 feet for Rio Grande Silver Inc.
26/08/08 - Cabo to Drill up to 10,000 meters for New Millennium Capital Corp.
18/08/08 - Cabo to Drill 30,000 Meters on Labrador Iron Mines's Schefferville Project and Grant Employee Stock Options
10/07/08 - Cabo to Drill 5,000 Meters for Richmont in Colorado
24/06/08 - Cabo to Drill 3,000 Meters for Seafield at Elora Gold Project
19/06/08 - Cabo Drilling Recognized As One of the 2008 Tsx Venture 50