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QUALITY

We are committed to being the "Supplier of Choice" by providing the highest
level of performance through the implementation of safe, professional and
innovative products and services.

Air Drilling Associates - one of the largest providers of managed pressure,
underbalanced and air/foam/aerated fluids drilling services to the petroleum and
geothermal energy industries.

The company was founded in 2002 by Chaman Malhotra, Tom Ramsay and Don Wells,
the former owners of Air Drilling Services, (ADS).  It quickly became a leader
in the markets where it operates, i.e. SE Asia, the Middle East, Asia-Pacific
region and in North and South America

The company is led by an experienced management team while the equipment
inventory is on average less than five years old.

All this is backed up by our strong commitment to quality, safety, health and
the environment through adherence to the strictest regulatory requirements.

The equipment service packages provided by Air Drilling Associates operate as
stand-alone, self-sustaining operations that are stocked with abundant spare
parts and redundancy in mind.  We operate in some of the most environmentally
diverse and remote areas of the world such as in the freezing Canadian winters,
the scorching deserts of Algeria and northern Iraq and the humid jungle
highlands of Papua New Guinea.


HISTORY

An overview of some of the milestones achieved…

2002


AIR DRILLING ASSOCIATES, INC FOUNDED

The company was incorporated in 2002 by the former management of Air Drilling
Services, Inc; Chaman Malhotra (former CEO), Tom Ramsay (former CEO of Canadian
division) and Don Wells (former operations manager).

2003


FIRST DOMESTIC US CUSTOMER

Air Drilling Associates's first customer was Pure Energy in the San Juan Basin
in New Mexico.

2004


FIRST INTERNATIONAL FORAY

Diederik Zwager established the international division and the first
international contract was obtained for foam drilling operations in the jungle
highlands of Papua New Guinea. This contract is still ongoing. The first air
package had to be air freighted in from the US to meet the spud date of the
first well.

Air Drilling Associates, Inc moved into its new global headquarters building in
Farmington, NM.

2005


FIRST GEOTHERMAL PROJECT

Won an initial 8 month contract for aerated fluids services in New Zealand. This
was extended numerous times and eventually ran for nine years.

Established our wholly owned subsidiary in Singapore, Air Drilling Associates,
Pte Ltd.

2006


ICELAND AND SE ASIA

Started up aerated drilling services projects for clients in Iceland, Indonesia
and the Philippines. With four geothermal clients we had obtained most of the
market share at that time.

Established our Indonesian subsidiary, PT Air Drilling which was housed in the
PetroSea building on jalan Taman Kemang in Jakarta.

2008


INDONESIAN EXPANSION

Awarded a significant contract for up to seven air packages in several
geothermal fields on the islands of Java, Sumatra and Sulawesi.

PT Air Drilling moved to the current premises on the 10th floor of The Energy
building in Jakarta. A yard was also set up in Sentul.

2009


STEADY DESPITE THE CRISIS

The financial crisis in the United States resulted in a sharp reduction in the
US gas price and thus the drilling activities there. The international business
however remained unaffected and even experienced a small increase.

PT Air Drilling opened its new yard in Sentul, South of Jakarta.

2010


MIDDLE EAST

Obtained several contracts for providing air/foam/aerated fluids and
underbalanced drilling services in the Kurdistan region of Iraq.

Established the local subsidiary, Air Drilling Associates, LLC and opened a
local office and yard.


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