Appetizing Target – SD Standard Drilling Goes from Almost One Rig to Seven

What do you do to keep busy if you are a one rig company and that rig is under construction? If you have aggressive financial sponsors, including Ferncliff AS, you naturally look to expand and that’s exactly what S.D. Standard Drilling Plc did. In this instance, Ferncliff, the company’s main shareholder, found a ready partner in Clearwater Capital Partners (“CCP”), an investment firm that has $2 billion in assets under management, mainly focused in special situations and distressed or otherwise undervalued assets and securities located in Asia excluding Japan.

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