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Pioneer Drilling investor Pebbleton increases ownership interest to 11.73%
By Lisa Kerner
Charlotte, N.C., March 2 - Pebbleton Corp. NV bought 990,300 shares of Pioneer Drilling Co. on Feb. 26 and Feb. 27.
The shares were priced at $3.84 and $3.80 each, according to a schedule 13D/A filed with the Securities and Exchange Commission on Monday.
Between Feb. 17 and Feb. 24, Pebbleton bought 700,000 shares of Pioneer Drilling priced from $3.94 to $4.33 each for a 9.76% stake, a prior SEC filing said.
Pebbleton beneficially owns 5,867,000 shares, or 11.73%, of the company's outstanding stock.
Pioneer Drilling is a San Antonio-based provider of contract land drilling services to oil and gas exploration and production companies.
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