PARTICLE DRILLING TECHNOLOGIES FIELD TRIAL UPDATE
Houston – August 19, 2008 – Particle Drilling Technologies, Inc. (NASDAQ: PDRT) (the
"Company") today announced that it has moved its equipment and is in the process of rigging up
on the drilling location for its next field trial operation. The field trial will be conducted with the
Company’s existing customer at a location in the Deep Bossier trend of East Texas. As before,
the target interval for applying Particle Impact Drilling will be the Travis Peak formation which
overlays the Deep Bossier.
The Company is unable to predict the duration of the trial or provide a defined time-frame for
disclosing results from the trial. Further, the Company does not expect to release any information
regarding the results of the field trial until after the Company and its customer have fully
evaluated the operation.
Particle Drilling Technologies, Inc., headquartered in Houston, Texas, is a development-stage
oilfield service and technology company owning several patents and pending patents related to
its Particle Impact Drilling technology. The Company’s technology is designed to enhance the
rate-of-penetration function in the drilling process, particularly in hard rock drilling
environments.
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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