PARTICLE DRILLING TECHNOLOGIES PROVIDES UPDATE
ON TIMING FOR NEXT FIELD TRIAL
Houston - July 14, 2008 – Particle Drilling Technologies, Inc. (NASDAQ: PDRT) (the
“Company”) announced today that it is currently waiting for the selected rig to move to the target
well in order to conduct the next field trial in the Travis Peak formation. The selected rig is
behind schedule and has not yet completed drilling on its current well. Jim B. Terry, the
Company’s President and Chief Executive Officer stated, “At this time we cannot say exactly
when the rig will move onto the target well, but we are next in line after the current well is
completed. We are eager to mobilize the PID equipment and begin the next field trial but as we
have stated in all previous communications we are completely subject to our customers’ drilling
schedule at this stage of our development, and, therefore, must wait until they are ready for us.
We should be able to provide a further update on the status of the commercial trial on our
quarterly conference call in early August.”
About Particle Drilling Technologies, Inc.
Particle Drilling Technologies, Inc. (NASDAQ: PDRT) is a development-stage oilfield service
and technology company commercializing its patented and patent-pending Particle Impact
Drilling system. The company’s technology is designed to enhance the rate-of-penetration
function in the drilling process, particularly in hard-rock environments. It is headquartered in
Houston, Texas. For more information, visit: www.particledrilling.com.
Contacts:
J. Chris
Boswell, SVP & CFO Particle Drilling Technologies,
Inc. 713-223-3031
Jack Lascar / Sheila Stuewe
DRG&E / 713-529-6600
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