ex99_2.htm

Exhibit 99.2

CAUTIONARY STATEMENT REGARDING

FORWARD-LOOKING INFORMATION AND STATEMENTS

Certain statements contained in this report, including statements that contain words such as "could", "should", "can", "anticipate", "estimate", "propose", "plan", "expect", "believe", "will", "may", "continue", "project", "appears", "potential" and similar expressions and statements relating to matters that are not historical facts constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking information and statements").

In particular, forward-looking information and statements include, but are not limited to, the following: demand remains solid for existing Tier 1 Super Series rigs for both Canada and the United States and customers continue to show interest in contracting new build Super Series rigs; Precision believes it will have opportunities to contract additional new build and upgraded rigs in the second half of 2012; Precision's expected capital expenditures for 2012 and the anticipated uses of capital and the timing of such expenditures; and Precision expects to remain in compliance with the covenants under the Secured Facility and to have complete access to credit lines during the remainder of 2012.

These forward-looking information and statements are based on certain assumptions and analysis made by the Corporation in light of its experience and its perception of historical trends, current conditions and expected future developments as well as other factors it believes are appropriate in the circumstances. However, whether actual results, performance or achievements will conform to the Corporation's expectations and predictions is subject to a number of known and unknown risks and uncertainties which could cause actual results to differ materially from the Corporation's expectations. Such risks and uncertainties include, but are not limited to: fluctuations in the price and demand for oil and natural gas; fluctuations in the level of oil and natural gas exploration and development activities; fluctuations in the demand for contract drilling, well servicing and ancillary oilfield services; capital market liquidity available to fund customer drilling programs; availability of cash flow, debt and/or equity sources to fund the Corporation's capital and operating requirements, as needed; the effects of seasonal and weather conditions on operations and facilities; the existence of competitive operating risks inherent in contract drilling, well servicing and ancillary oilfield services; general economic, market or business conditions; changes in laws or regulations; interpretation of tax filing position for prior period transactions; the availability of qualified personnel, management or other key inputs; currency exchange fluctuations; and other unforeseen conditions which could impact the use of services supplied by Precision.

Consequently, all of the forward-looking information and statements made in this report are qualified by these cautionary statements and there can be no assurance that the actual results or developments anticipated by the Corporation will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Corporation or its business or operations. Readers are therefore cautioned not to place undue reliance on such forward-looking information and statements. Except as may be required by law, the Corporation assumes no obligation to update publicly any such forward-looking information and statements, whether as a result of new information, future events or otherwise.

Precision Drilling Corporation 11

Interim Consolidated Statements of Financial Position (Unaudited)

	June 30,			December 31,
(Stated in thousands of Canadian dollars)	2012			2011
Assets
Current assets:
Cash	$	398,344		$	467,476
Accounts receivable		394,956			576,243
Inventory		13,135			7,163
Total current assets		806,435			1,050,882
Non-current assets:
Income tax recoverable		64,579			64,579
Property, plant and equipment		3,241,526			2,942,296
Intangibles		4,872			6,471
Goodwill		363,727			363,646
Total non-current assets		3,674,704			3,376,992
Total assets	$	4,481,139		$	4,427,874
Liabilities and Equity
Current liabilities:
Accounts payable and accrued liabilities	$	329,312		$	436,667
Income tax payable		30,303			3,786
Total current liabilities		359,615			440,453
Non-current liabilities:
Share based compensation (Note 7)		5,149			11,303
Provisions and other		18,949			16,121
Long-term debt (Note 3)		1,242,993			1,239,616
Deferred tax liabilities		585,083			587,790
Total non-current liabilities		1,852,174			1,854,830
Shareholders' equity:
Shareholders' capital (Note 5)		2,250,440			2,248,217
Contributed surplus		21,847			18,396
Retained earnings (deficit)		46,182			(83,160	)
Accumulated other comprehensive loss (Note 6)		(49,119	)		(50,862	)
Total shareholders' equity		2,269,350			2,132,591
Total liabilities and shareholders' equity	$	4,481,139		$	4,427,874

See accompanying notes to interim consolidated financial statements.

Interim Consolidated Financial Statements 12

Interim Consolidated Statements of Earnings (Unaudited)

	Three months ended June 30,						Six months ended June 30,
(Stated in thousands of Canadian dollars,
except per share amounts)	2012			2011			2012			2011
Revenue	$	381,966		$	345,325		$	1,022,032		$	870,675
Expenses:
Operating		259,513			222,574			616,099			526,899
General and administrative		25,261			30,185			63,167			64,799
Earnings before income taxes, other items and
depreciation and amortization		97,192			92,566			342,766			278,977
Depreciation and amortization		66,669			52,593			141,493			115,912
Operating earnings		30,523			39,973			201,273			163,065
Other items:
Foreign exchange		(5,034	)		(527	)		333			2,805
Finance charges (Note 8)		21,819			16,180			43,739			58,708
Other		(758	)		-			(758	)		-
Earnings before income taxes		14,496			24,320			157,959			101,552
Income taxes: (Note 4)
Current		9,186			1,012			32,025			2,152
Deferred		(12,951	)		6,905			(3,408	)		17,437
		(3,765	)		7,917			28,617			19,589
Net earnings	$	18,261		$	16,403		$	129,342		$	81,963
Net earnings per share: (Note 9)
Basic	$	0.07		$	0.06		$	0.47		$	0.30
Diluted	$	0.06		$	0.06		$	0.45		$	0.28

See accompanying notes to interim consolidated financial statements.

Interim Consolidated Statements of Comprehensive Income (Unaudited)

	Three months ended June 30,						Six months ended June 30,
(Stated in thousands of Canadian dollars)	2012			2011			2012			2011
Net earnings	$	18,261		$	16,403		$	129,342		$	81,963
Unrealized gain (loss) on translation of assets
and liabilities of operations denominated in
foreign currency		28,972			(10,044	)		3,948			(36,852	)
Foreign exchange gain (loss) on net investment
hedge with U.S. denominated debt, net of tax		(21,000	)		4,255			(2,205	)		17,199
Comprehensive income	$	26,233		$	10,614		$	131,085		$	62,310

See accompanying notes to interim consolidated financial statements.

Precision Drilling Corporation 13

Interim Consolidated Statements of Cash Flow (Unaudited)

	Three months ended June 30,						Six months ended June 30,
(Stated in thousands of Canadian dollars)	2012			2011			2012			2011
Cash provided by (used in):
Operations:
Net earnings	$	18,261		$	16,403		$	129,342		$	81,963
Adjustments for:
Long-term compensation plans		1,776			5,167			11,227			14,012
Depreciation and amortization		66,669			52,593			141,493			115,912
Foreign exchange		(5,346	)		(836	)		206			2,508
Finance charges		21,819			16,180			43,739			58,708
Income taxes		(3,765	)		7,917			28,617			19,589
Other		1,428			(2,619	)		1,599			(2,420	)
Income taxes paid		(3,764	)		(1,946	)		(4,574	)		(2,511	)
Income taxes recovered		306			-			342			246
Interest paid		(35,523	)		(22,287	)		(42,783	)		(25,339	)
Interest received		512			194			904			435
Funds provided by operations		62,373			70,766			310,112			263,103
Changes in non-cash working capital balances		212,973			105,546			127,674			30,531
		275,346			176,312			437,786			293,634
Investments:
Business acquisitions, net of cash acquired		(25	)		(34	)		(25	)		(33,177	)
Purchase of property, plant and equipment		(221,074	)		(113,894	)		(442,757	)		(178,694	)
Proceeds on sale of property, plant and equipment		3,730			3,349			8,809			4,084
Changes in income tax recoverable		-			-			-			(108,176	)
Changes in non-cash working capital balances		(35,594	)		12,550			(73,705	)		(16,790	)
		(252,963	)		(98,029	)		(507,678	)		(332,753	)
Financing:
Repayment of long-term debt		-			-			-			(175,000	)
Premium paid on settlement of
unsecured senior notes		-			-			-			(26,688	)
Debt issue costs		-			(519	)		-			(4,358	)
Debt facility amendment costs		-			(1,134	)		-			(1,134	)
Increase in long-term debt		-			-			-			200,000
Issuance of common shares on the
exercise of options		133			703			1,305			1,139
Changes in non-cash working capital balances		-			-			-			(746	)
		133			(950	)		1,305			(6,787	)
Effect of exchange rate changes on cash
and cash equivalents		6,184			205			(545	)		(3,699	)
Increase (decrease) in cash and cash equivalents		28,700			77,538			(69,132	)		(49,605	)
Cash and cash equivalents, beginning of period		369,644			129,688			467,476			256,831
Cash and cash equivalents, end of period	$	398,344		$	207,226		$	398,344		$	207,226

See accompanying notes to interim consolidated financial statements.

Interim Consolidated Financial Statements 14

Interim Consolidated Statements of Changes in Equity (Unaudited)

							Accumulated
							other
						comprehensive				Retained
(Stated in thousands of	Shareholders'		Contributed				loss			earnings			Total
Canadian dollars)	capital		surplus				(Note 6)			(deficit)			equity
Balance at January 1, 2012	$	2,248,217	$	18,396			$	(50,862	)	$	(83,160	)	$	2,132,591
Net earnings for the period		-		-				-			129,342			129,342
Other comprehensive income for
the period		-		-				1,743			-			1,743
Share options exercised (Note 5)		1,993		(688	)			-			-			1,305
Issued on redemption of
non-management directors
DSUs		221		(221	)			-			-			-
Issued on waiver of right to
dissent by dissenting unitholder		9		(3	)			-			-			6
Share based compensation
expense (Note 7)		-		4,363				-			-			4,363
Balance at June 30, 2012	$	2,250,440	$	21,847			$	(49,119	)	$	46,182		$	2,269,350


							Accumulated
							other
(Stated in thousands of	Shareholders'		Contributed			comprehensive							Total
Canadian dollars)	capital		surplus				loss			Deficit			equity
Balance at January 1, 2011	$	2,244,417	$	11,266			$	(46,220	)	$	(276,637	)	$	1,932,826
Net earnings for the period		-		-				-			81,963			81,963
Other comprehensive loss for
the period		-		-				(19,653	)		-			(19,653	)
Share options exercised		1,736		(597	)			-			-			1,139
Share based compensation
expense		-		4,394				-			-			4,394
Balance at June 30, 2011	$	2,246,153	$	15,063			$	(65,873	)	$	(194,674	)	$	2,000,669

See accompanying notes to interim consolidated financial statements.

Precision Drilling Corporation 15

Notes to Interim Consolidated Financial Statements (Unaudited)

(Tabular amounts are stated in thousands of Canadian dollars except share numbers and per share amounts)

NOTE 1. DESCRIPTION OF BUSINESS

Precision Drilling Corporation ("Precision" or the "Corporation") is incorporated under the laws of the Province of Alberta, Canada and is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States. The address of the registered office is 800, 525 - 8th Avenue S.W., Calgary, Alberta, Canada, T2P 1G1.

NOTE 2. BASIS OF PRESENTATION

(a) Statement of compliance

These condensed consolidated interim financial statements have been prepared in accordance with International Accounting Standard 34, Interim Financial Reporting using accounting policies consistent with International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board and interpretations of the International Financial Reporting Interpretations Committee. These condensed consolidated interim financial statements were prepared using accounting policies and methods of their application consistent with those used in the preparation of the Corporation's consolidated audited annual financial statements for the year ended December 31, 2011. The condensed consolidated interim financial statements do not include all of the information required for full annual financial statements and should be read in conjunction with the consolidated financial statements of the Corporation as at and for the year ended December 31, 2011.

These condensed consolidated interim financial statements were approved by the Board of Directors on July 24, 2012.

(b) Seasonality

Precision has operations that are carried on in Canada which represent approximately 48% (2011 - 47%) of consolidated total assets as at June 30, 2012 and 52% (2011 - 53%) of consolidated revenue for the six months ended June 30, 2012. The ability to move heavy equipment in Canadian oil and natural gas fields is dependent on weather conditions. As warm weather returns in the spring, the winter's frost comes out of the ground rendering many secondary roads incapable of supporting the weight of heavy equipment until they have thoroughly dried out. The duration of this "spring break-up" has a direct impact on Precision's activity levels. In addition, many exploration and production areas in northern Canada are accessible only in winter months when the ground is frozen hard enough to support equipment. The timing of freeze up and spring break-up affects the ability to move equipment in and out of these areas. As a result, late March through May is traditionally Precision's slowest time in this region.

NOTE 3. LONG-TERM DEBT

	June 30,			December 31,
	2012			2011
Secured revolving credit facility	$	-		$	-
Unsecured senior notes:
6.625% senior notes due 2020 (US$650.0 million)		662,415			661,050
6.5% senior notes due 2021 (US$400.0 million)		407,640			406,800
6.5% senior notes due 2019		200,000			200,000
		1,270,055			1,267,850
Less net unamortized debt issue costs		(27,062	)		(28,234	)
	$	1,242,993		$	1,239,616

At June 30, 2012 no mandatory principal repayments are required in the next five years.

Notes to Interim Consolidated Financial Statements 16

NOTE 4. INCOME TAXES

The provision for income taxes differs from that which would be expected by applying statutory Canadian income tax rates. A reconciliation of the difference is as follows:

	Three months ended June 30,						Six months ended June 30,
	2012			2011			2012			2011
Earnings before income taxes	$	14,496		$	24,320		$	157,959		$	101,552
Federal and provincial statutory rates		25	%		27	%		25	%		27	%
Tax at statutory rates	$	3,624		$	6,566		$	39,490		$	27,419
Adjusted for the effect of:
Non-deductible expenses		29			36			1,127			1,360
Non-taxable capital gains		37			5			(133	)		(11	)
Income taxed at lower rates		(3,952	)		(1,231	)		(12,839	)		(12,174	)
Taxes related to prior years		(2,449	)		-			(550	)		-
Other		(1,054	)		2,541			1,522			2,995
Income tax expense (recovery)	$	(3,765	)	$	7,917		$	28,617		$	19,589

NOTE 5. SHAREHOLDERS' CAPITAL

Issued
Common shares							Number				Amount
Balance, December 31, 2011								276,081,797			$	2,248,217
Options exercised - cash consideration								199,671				1,305
- reclassification from contributed surplus								-				688
Issued on redemption of non-management directors DSU's								26,337				221
Issued on waiver of right to dissent by dissenting unitholder								840				9
Balance, June 30, 2012								276,308,645			$	2,250,440

NOTE 6. ACCUMULATED OTHER COMPREHENSIVE LOSS

											Accumulated
			Unrealized			Foreign exchange					other
		foreign currency					loss on net			comprehensive
	translation losses					investment hedge					loss
Balance, December 31, 2011			$	(27,987	)		$	(22,875	)		$	(50,862	)
Other comprehensive income (loss)				3,948				(2,205	)			1,743
Balance, June 30, 2012			$	(24,039	)		$	(25,080	)		$	(49,119	)

Precision Drilling Corporation 17

NOTE 7. Share based compensation plans

Liability classified plans

													Non-
				Restricted						Share			Management
	Deferred			Share			Performance			Appreciation			Director's
	Share Units			Units (a)			Share Units (a)			Rights (b)			DSU (c)		Total
Balance, December 31, 2011	$	762		$	12,529		$	25,250		$	1,693		$	-	$	40,234
Expensed (recovered) during
the period		(44	)		(79	)		2,057			(1,251	)		305		988
Payments		(718	)		(6,078	)		(17,435	)		(1	)		-		(24,232	)
Balance, June 30, 2012	$	-		$	6,372		$	9,872		$	441		$	305	$	16,990
Current	$	-		$	3,865		$	7,535		$	441		$	-	$	11,841
Long-term		-			2,507			2,337			-			305		5,149
	$	-		$	6,372		$	9,872		$	441		$	305	$	16,990

(a) Restricted Share Units and Performance Share Units

Precision has two cash settled share based incentive plans for officers and other eligible employees. Under the Restricted Share Unit ("RSU") incentive plan shares granted to eligible employees vest annually over a three-year term. Vested shares are automatically paid out in cash at a value determined by the fair market value of the shares as at the vesting date. Under the Performance Share Unit ("PSU") incentive plan shares granted to eligible employees vest at the end of a three-year term. Vested shares are automatically paid out in cash in the first quarter following the vested term at a value determined by the fair market value of Precision's shares at the vesting date and based on the number of performance shares held multiplied by a performance factor that ranges from zero to two times. The performance factor is based on Precision's share price performance compared to a peer group over the three-year period. For performance shares granted in 2010, Precision's Board of Directors has the discretion to reduce the plan payout by half if Precision's average return on capital does not exceed 10% over the three-year term.

(b) Share Appreciation Rights

A summary of the activity under the share appreciation rights plan is presented below:

				Range of		Weighted Average
				Exercise Price		Exercise Price
Share Appreciation Rights	Outstanding			(US $)		(US $)		Exercisable
Outstanding at December 31, 2011		705,688		$ 9.26 - 17.92		$ 14.83			705,688
Exercised		(721	)		9.26 - 9.59		9.45
Forfeitures		(1,352	)		15.22 - 15.22		15.22
Outstanding at June 30, 2012		703,615		$ 9.26 - 17.92		$ 14.84			703,615

Effective January 1, 2012 Precision instituted a new deferred share unit plan for non-management directors whereby fully vested deferred share units are granted quarterly based upon an election by the non-management director to receive all or a portion of their compensation in deferred share units. These deferred share units are redeemable in cash or an equal number of common shares any time after the director's retirement. The granting of common shares is solely at Precision's discretion. Non-management directors can receive a lump sum payment or two separate payments anytime up until December 15 of the year following retirement. If the non-management director does not specify a redemption date, the deferred share units will be redeemed on a single date six months after retirement. The cash settlement amount is based upon the weighted average trading price for Precision's shares on the Toronto Stock Exchange for the five days immediately prior to payout.

Notes to Interim Consolidated Financial Statements 18

Equity settled plans

(d) Option plan

A summary of the activity under the option plan is presented below:

						Weighted
	Options			Range of		Average		Options
Canadian share options	Outstanding			Exercise Price		Exercise Price		Exercisable
Outstanding as at December 31, 2011		3,267,571		$	5.22 - 14.50	$	8.45		1,008,305
Granted		1,097,000			9.03 - 10.67		10.66
Exercised		(161,876	)		5.85 - 10.44		6.06
Forfeitures		(44,152	)		5.85 - 14.50		11.17
Outstanding as at June 30, 2012		4,158,543		$	5.22 - 14.50	$	9.10		1,927,695


						Weighted
				Range of		Average
	Options			Exercise Price		Exercise Price		Options
U.S. share options	Outstanding			(US $)		(US $)		Exercisable
Outstanding as at December 31, 2011		1,886,552		$	4.95 - 15.21	$	8.61		396,188
Granted		828,900			9.11 - 10.74		10.72
Exercised		(37,795	)		4.95 - 10.55		8.62
Forfeitures		(105,549	)		4.95 - 15.21		10.09
Outstanding as at June 30, 2012		2,572,108		$	4.95 - 15.21	$	9.23		947,156

The per option weighted average fair value of the share options granted during 2012 was $4.84 estimated on the grant date using the Black-Scholes option pricing model with the following assumption: average risk-free interest rate 1%, average expected life of four years, expected forfeiture rate of 5% and expected volatility of 59%. Included in net earnings for the three and six months ended June 30, 2012 is an expense of $2.2 million (2011 - $2.0 million) and $4.4 million (2011 - $4.0 million), respectively.

NOTE 8. FINANCE CHARGES

		Three months ended June 30,				Six months ended June 30,
		2012		2011		2012		2011
Interest:
Long-term debt	$	21,354	$	14,452	$	42,637	$	29,473
Other		46		15		95		46
Income		(580)		(231)		(980)		(418)
Amortization of debt issue costs		999		810		1,987		1,531
Loss on settlement of debt facilities		-		-		-		26,942
Debt amendment fees		-		1,134		-		1,134
Finance charges	$	21,819	$	16,180	$	43,739	$	58,708

Precision Drilling Corporation 19

NOTE 9. PER SHARE AMOUNTS

The following tables reconcile the net earnings and weighted average shares outstanding used in computing basic and diluted earnings per share:

		Three months ended June 30,				Six months ended June 30,
		2012		2011		2012		2011
Net earnings - basic and diluted	$	18,261	$	16,403	$	129,342	$	81,963

		Three months ended June 30,				Six months ended June 30,
(Stated in thousands)		2012		2011		2012		2011
Weighted average shares outstanding - basic		276,301		275,807	$	276,207	$	275,759
Effect of share warrants		9,068		11,522		9,914		11,113
Effect of stock options and other equity compensation plans		812		1,956		1,120		1,698
Weighted average shares outstanding - diluted		286,181		289,285		287,241		288,570

NOTE 10. SEGMENTED INFORMATION

The Corporation operates primarily in Canada and the United States, in two industry segments; Contract Drilling Services and Completion and Production Services. Contract Drilling Services includes drilling rigs, directional drilling, procurement and distribution of oilfield supplies, and manufacture, sale and repair of drilling equipment. Completion and Production Services includes service rigs, snubbing units, coil tubing services, oilfield equipment rental, camp and catering services, and wastewater treatment units.

				Completion
		Contract		and				Inter-
		Drilling		Production		Corporate		segment
Three months ended June 30, 2012		Services		Services		and Other		Eliminations		Total
Revenue	$	332,181	$	52,263	$	-	$	(2,478)	$	381,966
Operating earnings		44,804		2,884		(17,165)		-		30,523
Depreciation and amortization		58,672		6,101		1,896		-		66,669
Total assets		3,521,974		479,212		479,953		-		4,481,139
Goodwill		251,588		112,139		-		-		363,727
Capital expenditures*		190,406		27,907		2,761		-		221,074
* Excludes business acquisitions

				Completion
		Contract		and				Inter-
		Drilling		Production		Corporate		segment
Three months ended June 30, 2011		Services		Services		and Other		Eliminations		Total
Revenue	$	298,482	$	47,578	$	-	$	(735)	$	345,325
Operating earnings		58,223		3,150		(21,400)		-		39,973
Depreciation and amortization		45,946		5,083		1,564		-		52,593
Total assets		2,819,673		410,008		408,074		-		3,637,755
Goodwill		197,426		112,139		-		-		309,565
Capital expenditures*		96,316		14,764		2,814		-		113,894
* Excludes business acquisitions

Notes to Interim Consolidated Financial Statements 20

				Completion
	Contract			and					Inter-
	Drilling			Production		Corporate			segment
Six months ended June 30, 2012	Services			Services		and Other			Eliminations			Total
Revenue	$	863,247		$	163,348	$	-		$	(4,563	)	$	1,022,032
Operating earnings		205,025			34,054		(37,806	)		-			201,273
Depreciation and amortization		126,007			14,135		1,351			-			141,493
Total assets		3,521,974			479,212		479,953			-			4,481,139
Goodwill		251,588			112,139		-			-			363,727
Capital expenditures*		388,874			49,441		4,442			-			442,757
* Excludes business acquisitions

				Completion
	Contract			and					Inter-
	Drilling			Production		Corporate			segment
Six months ended June 30, 2011	Services			Services		and Other			Eliminations			Total
Revenue	$	724,509		$	151,807	$	-		$	(5,641	)	$	870,675
Operating earnings		176,246			30,530		(43,711	)		-			163,065
Depreciation and amortization		100,473			12,154		3,285			-			115,912
Total assets		2,819,673			410,008		408,074			-			3,637,755
Goodwill		197,426			112,139		-			-			309,565
Capital expenditures*		151,965			23,691		3,038			-			178,694
* Excludes business acquisitions

The Corporation's operations are carried on in the following geographic locations:

									Inter-
									segment
Three months ended June 30, 2012	Canada		United States			International			Eliminations			Total
Revenue	$	138,782		$	233,711	$	13,059		$	(3,586	)	$	381,966
Total assets		2,142,345			2,078,147		260,647			-			4,481,139

									Inter-
									segment
Three months ended June 30, 2011	Canada			United States		International			Eliminations			Total
Revenue	$	128,279		$	212,730	$	5,290		$	(974	)	$	345,325
Total assets		1,702,350			1,884,416		50,989			-			3,637,755

									Inter-
									segment
Six months ended June 30, 2012	Canada		United States			International			Eliminations			Total
Revenue	$	531,016		$	479,663	$	17,814		$	(6,461	)	$	1,022,032
Total assets		2,142,345			2,078,147		260,647			-			4,481,139

									Inter-
									segment
Six months ended June 30, 2011	Canada			United States		International			Eliminations			Total
Revenue	$	460,898		$	399,785	$	11,325		$	(1,333	)	$	870,675
Total assets		1,702,350			1,884,416		50,989			-			3,637,755

Precision Drilling Corporation 21

Corporate Information

STOCK EXCHANGE LISTINGS	ACCOUNT QUESTIONS	ONLINE INFORMATION
Shares of Precision Drilling	Precision’s Transfer Agent can help	To receive news releases by email,
Corporation are listed on the Toronto	you with a variety of shareholder	or to view this interim report online,
Stock Exchange (“TSX”) under the	related services, including:	please visit Precision’s website at
trading symbol PD and on the New	- Change of address	www.precisiondrilling.com and refer
York Stock Exchange (“NYSE”) under	- Lost share certificates	to the Investor Relations section.
the trading symbol PDS.	- Transfer of shares to another person	Additional information relating to
	- Estate settlement	Precision, including the Annual
Q2 2012 Trading Profile		Information Form, Annual Report and
	You can contact Precision’s	Management Information Circular
	Transfer Agent at:	has been filed with SEDAR and is
	Computershare Trust Company	available at www.sedar.com.
Toronto (TSX: PD)	of Canada
High: $10.07	100 University Avenue
Low: $5.97	9th Floor, North Tower
Close: $6.93	Toronto, Ontario, Canada
Volume Traded: 85,845,332	M5J 2Y1
	Telephone: 1-800-564-6253
New York (NYSE: PDS)	(toll free in Canada and the United States)
High: US$10.12	1-514-982-7555
Low: US$5.82	(international direct dialing)
Close: US$6.82	Email: service@computershare.com
Volume Traded: 115,681,125

TRANSFER AGENT
AND REGISTRAR
Computershare Trust Company
of Canada
Calgary, Alberta

TRANSFER POINT
Computershare Trust Company NA
Denver, Colorado

Corporate Information 22

Corporate Information

HEAD OFFICE	DIRECTORS	LEAD BANK
Precision Drilling Corporation	William T. Donovan	Royal Bank of Canada
Suite 800, 525 - 8th Avenue SW	Brian J. Gibson	Calgary, Alberta
Calgary, Alberta, Canada T2P 1G1	Robert J. S. Gibson
Telephone: 403.716.4500	Allen R. Hagerman, FCA	AUDITORS
Facsimile: 403.264.0251	Stephen J. J. Letwin	KPMG LLP
Email: info@precisiondrilling.com	Kevin O. Meyers	Calgary Alberta
www.precisiondrilling.com	Patrick M. Murray
	Kevin A. Neveu
	Robert L. Phillips


	OFFICERS
	Kevin A. Neveu
	President and
	Chief Executive Officer

	Joanne L. Alexander
	Senior Vice President, General
	Counsel and Corporate Secretary

	Niels Espeland
	President, International Operations

	Doug B. Evasiuk
	Senior Vice President,
	Sales and Marketing

	Kenneth J. Haddad
	Senior Vice President,
	Business Development

	Robert J. McNally
	Executive Vice President and
	Chief Financial Officer

	Darren J. Ruhr
	Senior Vice President,
	Corporate Services

	Gene C. Stahl
	President, Drilling Operations

	Douglas J. Strong
	President, Completion and
	Production Services

Precision Drilling Corporation 23

Precision Drilling Corporation

Suite 800, 525 – 8th Avenue SW

Calgary, Alberta, Canada T2P

Telephone: 403.716.4500

Email: info@precisiondrilling.