PV Drilling would like to release the Separate FS and Consolidated FS for Quarter 3/2016 as well as analyze our business

Compared to the same period last year, Holding Company and Consolidated NPAT of Quarter 3/2016 showed a decline of 98,0% and 98,2% respectively, primarily due to the following reasons:

- Rigs' operating efficiency achieved only 62%; rigs' day rate reduced significantly 55%-60%.

- There were no hired rigs working in Q3/2016 compared to 3,5 rigs of the same period last year.

- The workload and price of drilling-related services dropped about 40%-60%

Sincerely,

The Consolidated Financial Statement: Link
The Seperate Financial Statement: Link

Petrovietnam Drilling and Well Services JSC published this content on 28 October 2016 and is solely responsible for the information contained herein.
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Original documenthttp://www.pvdrilling.com.vn/en-US/Investor-Relations/Publication/Announcement/Announcement/The-Separate-Financial-Statement-and-Consolidated-Financial-Statement-for-Quarter-32016.htm

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