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Technicoil Corporation - Company Profile Snapshot

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Company Profile: Technicoil Corporation
Ticker: TEC
Exchanges: TOR
2008 Sales: 62,279,000
Major Industry: Oil, Gas, Coal & Related Services
Sub Industry: Miscellaneous Oil, Gas & Coal
Country: CANADA
Employees: 254

Business Description
Technicoil Corporation. The Company's Principal activity is to provide drilling and well servicing services to the oil and gas industry. It operates in two segments: well servicing and drilling. The Well Servicing Division provides coiled tubing and conventional service rigs to the Western Canadian Sedimentary Basin. The Drilling segment utilizes the Corporation's hybrid coiled tubing drilling technology that was introduced in 2002. As of 31-Dec-2008, it had a modern rig fleet comprised of 18 coiled tubing service units and eight conventional service units.

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