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Parker Drilling's Management Presents At Barclays Bank High Yield Bond And Syndicated Loan Conference (Transcript)

Parker Drilling (PKD)

Barclays Bank High Yield Bond and Syndicated Loan Conference Call

March 26, 2012 7:05 PM ET

Executives

David Tucker – Treasurer

Presentation

Unidentified Participant

Okay. Why don’t we get started with our next presenting company, we have Parker Drilling in the service space. And from Parker, we have David Tucker, Treasurer. David?

David Tucke r

Yes, thank you Gary (ph). And thank you all for attending this conference. First of all, I’d like to address apologies from Kirk Brassfield, our CFO, who is unable to attend today because of some family health issues that arose late Friday. And so, this is actually one of his favorite conferences, so he’s disappointed, he’s not available. And you effectively have the beating today. So, I’m filling in.

First of all, please pay attention to the cautionary statement presented here and realize the uncertainties that are associated with our business. The agenda today, I’ll review our business strategies, look over our operations, and then, review some of the financial performance that we’ve had.

Before I step into the actual presentation though, I’d like to make a brief comment regarding the recent departure of our CEO and President Dave Mann, as some of you are probably aware earlier this month the board and Dave agreed to separate based on timing and execution issues regarding our strategic plan. The board is engaged in finding a successor, in the interim Bobby Parker Jr. has stepped in to the CEO and President’s role and will fulfill that role until such time as new CEO and President is appointed.

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