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Independence Contract Drilling Announces Successful Private Placement

Houston, March 19, 2012 – Independence Contract Drilling, a newly formed Houston-based drilling contractor, today announces the closing of the second tranche of its formation financing. In total, Independence has raised $153 million in equity capital from a group of leading global energy investors, including Sprott Resource Corp., 4D Global Energy Advisors, and Lime Rock Partners.



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Independence Contract Drilling was founded in 2011 as a provider of premium integrated onshore drilling services.