Apr 24, 2019

Merger adds reverse benefits

Merger adds reverse benefits

There’s been significant movements in the Australian drilling industry.

Ranger Drilling has joined the DDH1 group of companies, effectively immediately. The group now includes three drilling businesses, namely DDH1 Drilling, Strike Drilling and Ranger Drilling.

Ranger was established in 2005 by Matt and Julie Izett and specializes in providing Reverse Circulation drilling services to customers operating in the West Australian iron ore market.

Ranger would continue operating as a separate company, under the same management from the same premises, said DDH1 Chief Executive Officer, Sy van Dyk.

“DDH1’s intention is to continue to grow the Ranger brand, while preserving their culture of leadership, productivity, innovation and safety,” Mr van Dyk said.

“These are the qualities that attracted our investment in Ranger and we want to ensure it is protected and fostered going forward.”

DDH1 was a natural partner for Ranger to further our growth ambitions by providing additional capital to the business in a cost effective and disciplined manner, Ranger’s Managing Director, Matt Izett said.

“I look forward to continue leading and growing the business Julie and I founded in 2005 and to deliver superior drilling solutions to our loyal customer base, whilst contributing at a senior level to the wider group’s operations,” he said.

“DDH1 Drilling, Strike Drilling and Ranger’s capabilities are complementary and the combination of the businesses provides the opportunity to offer clients the full suite of drilling services required across the resource life cycle, from discovering new deposits to extending existing mine lives.

“The group’s drill rig fleet is modern, standardized and highly productive.”

DDH1 and Ranger had worked together on a shared contract basis, during which time they observed Ranger’s premium customer service offering, the productivity gains delivered by their modern fleet and quality management team led by Matt Izett., said DDH1 Managing Director, Murray Pollock.

“Together, we are committed to being the drilling contractor and employer of choice in the Australian drilling industry,” Mr Pollock said.

“The group now has 84 Tier 1 drill rigs and employs over 700 staff to provide our customers with end-to-end drilling solutions.

“I am also pleased that as part of the transaction Matt and Julie Izett will become significant shareholders in DDH1 Holdings Pty Ltd and we look forward to working with them”.

About DDH1

DDH1 is the leading deep directional drilling services provider for Australia’s mining and exploration industry. Founded with one diamond core drilling rig in 2006, today the company operates a fleet of over 55 diamond coring rigs with operations spread across Western Australia, Northern Territory and Australia’s east coast. DDH1 provides custom designed drilling programs which deliver mineral core samples through a standardized rig fleet run by highly skilled rig operators. The company has pioneered deep directional drilling techniques in Australia and has a leading market position by capability, fleet size and reputation. For additional information, please visit DDH1’s website at www.ddh1.com.au.

About Ranger

Ranger is a leading iron ore focused reverse circulation drilling contractor supporting clients with their West Australian exploration and resource definition requirements. Ranger has grown organically since inception in 2005 to now operate 18 drill rigs. The management team led by Matt Izett has a long history of building and successfully operating a diverse drilling business. For additional information, please visit Ranger’s website at www.rangerdrilling.com.au.

About Strike

Strike formed in 2013 and operating 11 rigs, is a premium air core and reverse circulation drilling contractor supporting exploration clients with the unique capabilities of their crossover Aircore/RC rig designs. Strike’s management team led by Richard Bennett are known for attentive client service and drilling innovation that has resulted in a major industry environmental award. For additional information, please visit Strike’s website at www.strikedrilling.com.au.