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Pebbleton ups stake in Precision Drilling to 8.36%
By Lisa Kerner
Charlotte, N.C., Feb. 11 - Pebbleton Corp. NV reported the purchase of 1,074,400 shares of Precision Drilling Co. in a schedule 13D/A filed with the Securities and Exchange Commission on Wednesday.
The shares were acquired between Feb. 2 and Feb. 10 at a weighted average price per share of between $4.85 and $5.00, the filing said.
Pebbleton and its affiliates beneficially own 4,176,700 shares, or approximately 8.36%, of the company's outstanding stock.
Pioneer Drilling is a San Antonio-based provider of contract land drilling services to oil and natural gas exploration and production companies.
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