%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 210.00 714.60 Td ( ) Tj ET Q BT /F2 28.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0.4666666666666667 0 rg BT 362.26 714.60 Td (Press Release) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (1 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 187.25 643.50 Td (Pason Reports ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 275.27 643.50 Td (First Quarter) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 347.96 643.50 Td ( 2017 Results) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 616.50 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 138.47 616.50 Td (TE RELEASE) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 72.00 592.50 Td (CALGAR) Tj ET Q q 0 0 0 rg BT 114.40 592.50 Td (Y) Tj ET Q q 0 0 0 rg BT 119.96 592.50 Td (, ) Tj ET Q q 0 0 0 rg BT 125.15 592.50 Td (Alberta \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 165.71 592.50 Td (May2, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 221.31 592.50 Td (\)) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 224.64 592.50 Td ( Pason Systems Inc. \(TSX:PSI\) announced today its ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 466.98 592.50 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 489.22 592.50 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 492.00 592.50 Td (first ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 580.50 Td (quarter) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 103.68 580.50 Td ( results.) Tj ET Q BT /F4 16.00 Tf ET q 0 0 0 rg BT 72.00 543.40 Td (Performance Data) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 519.9 m 351.5 519.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 519.9 m 414.5 519.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 519.9 m 477.5 519.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 519.9 m 532.5 519.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 273.9 m 351.5 273.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 273.9 m 414.5 273.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 273.9 m 477.5 273.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 273.9 m 532.5 273.9 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 524.13 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.20 524.13 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 456.20 524.13 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 500.95 524.13 Td (Change) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 75.00 512.10 Td (\(CDN 000s, except per share data\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 402.40 511.90 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 465.40 511.90 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 518.10 511.90 Td (\(%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 499.58 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 499.63 Td (59,049) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 449.80 499.63 Td (45,813) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 499.58 Td (29) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 487.58 Td (Income \(loss\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.25 487.63 Td (7,153) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 447.15 487.58 Td (\(10,860) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 474.30 487.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 487.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 476.88 Td (Per share basic) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 475.63 Td (0.08) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 456.05 475.63 Td (\(0.13) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 474.30 475.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 475.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 464.88 Td (Per share diluted) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 463.63 Td (0.08) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 456.05 463.63 Td (\(0.13) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 474.30 463.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 463.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 451.58 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 103.45 451.58 Td ( ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 105.68 455.39 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 451.63 Td (23,469) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 458.25 451.63 Td (\(353) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 474.30 451.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 451.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 440.88 Td (As a % of revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 439.63 Td (39.7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 460.50 439.63 Td (\(0.8) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 474.30 439.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 439.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 427.58 Td (Adjusted EBITDA) Tj ET Q q 0 0 0 rg BT 136.81 427.58 Td ( ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 139.03 431.39 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 427.63 Td (24,908) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.25 427.63 Td (8,763) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 427.63 Td (184) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 416.88 Td (As a % of revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 415.63 Td (42.2) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 458.70 415.63 Td (19.1) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 415.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 403.58 Td (Funds flow from operations) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 403.63 Td (21,074) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.25 403.63 Td (3,335) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 403.63 Td (532) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 392.88 Td (Per share basic) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 391.63 Td (0.25) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 458.70 391.63 Td (0.04) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 391.63 Td (525) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 380.88 Td (Per share diluted) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 379.63 Td (0.25) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 458.70 379.63 Td (0.04) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 379.63 Td (525) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 367.58 Td (Cash from operating activities) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 367.63 Td (29,831) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 449.80 367.63 Td (11,331) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 367.63 Td (163) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 355.58 Td (Free cash flow ) Tj ET Q BT /F5 8.00 Tf ET BT /F5 5.20 Tf ET q 0 0 0 rg BT 129.24 359.39 Td (\(1\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 355.63 Td (28,511) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.25 355.63 Td (4,141) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 355.63 Td (589) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 343.58 Td (Capital expenditures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 391.25 343.63 Td (1,134) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.25 343.63 Td (6,580) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 517.70 343.63 Td (\(83) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 343.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 331.58 Td (Working capital) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 382.30 331.58 Td (203,224) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 445.30 331.58 Td (214,538) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 522.15 331.58 Td (\(5) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 331.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 319.58 Td (Total assets) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 382.30 319.58 Td (427,075) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 445.30 319.58 Td (482,620) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 517.70 319.63 Td (\(12) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 319.58 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 307.58 Td (Total long-term debt) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.25 307.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 466.25 307.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 307.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 295.58 Td (Cash dividends declared) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 395.70 295.63 Td (0.17) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 458.70 295.63 Td (0.17) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 521.25 295.58 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 280.88 Td (Shares outstanding end of period \(#000's\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 386.80 278.18 Td (84,672) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 449.80 278.18 Td (84,108) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 524.85 278.18 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F5 7.00 Tf ET q 0 0 0 rg BT 72.00 263.00 Td (\(1\) ) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 83.00 263.00 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 116.06 263.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 143.69 263.00 Td (measures ) Tj ET Q q 0 0 0 rg BT 176.37 263.00 Td (are ) Tj ET Q q 0 0 0 rg BT 188.43 263.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 213.34 263.00 Td (in ) Tj ET Q q 0 0 0 rg BT 220.73 263.00 Td (the ) Tj ET Q q 0 0 0 rg BT 232.41 263.00 Td (Management's ) Tj ET Q q 0 0 0 rg BT 280.05 263.00 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 315.84 263.00 Td (and ) Tj ET Q q 0 0 0 rg BT 329.08 263.00 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 357.09 263.00 Td (section.) Tj ET Q BT /F5 7.00 Tf ET BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 218.00 Td (Q1) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 88.01 218.00 Td ( 2017 vs ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 138.05 218.00 Td (Q1) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 154.06 218.00 Td ( 2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 204.20 Td (The ) Tj ET Q q 0 0 0 rg BT 92.28 204.20 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.13 204.20 Td (generated ) Tj ET Q q 0 0 0 rg BT 186.23 204.20 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 245.43 204.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 284.62 204.20 Td (of ) Tj ET Q q 0 0 0 rg BT 296.01 204.20 Td ($59.0 ) Tj ET Q q 0 0 0 rg BT 324.09 204.20 Td (million ) Tj ET Q q 0 0 0 rg BT 355.48 204.20 Td (in ) Tj ET Q q 0 0 0 rg BT 366.32 204.20 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 383.27 204.20 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 399.38 204.20 Td ( ) Tj ET Q q 0 0 0 rg BT 402.43 204.20 Td (quarter ) Tj ET Q q 0 0 0 rg BT 437.17 204.20 Td (of ) Tj ET Q q 0 0 0 rg BT 448.56 204.20 Td (2017, ) Tj ET Q q 0 0 0 rg BT 476.64 204.20 Td (an ) Tj ET Q q 0 0 0 rg BT 490.81 204.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 531.66 204.20 Td (of ) Tj ET Q q 0 0 0 rg BT 542.78 204.20 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 190.40 Td (29% ) Tj ET Q q 0 0 0 rg BT 95.16 190.40 Td (from ) Tj ET Q q 0 0 0 rg BT 118.30 190.40 Td (the ) Tj ET Q q 0 0 0 rg BT 135.35 190.40 Td (same ) Tj ET Q q 0 0 0 rg BT 162.94 190.40 Td (period ) Tj ET Q q 0 0 0 rg BT 193.88 190.40 Td (in ) Tj ET Q q 0 0 0 rg BT 204.81 190.40 Td (2016. ) Tj ET Q q 0 0 0 rg BT 232.98 190.40 Td ( ) Tj ET Q q 0 0 0 rg BT 235.50 190.40 Td (A) Tj ET Q q 0 0 0 rg BT 241.61 190.40 Td ( ) Tj ET Q q 0 0 0 rg BT 244.76 190.40 Td (modest ) Tj ET Q q 0 0 0 rg BT 280.69 190.40 Td (recovery ) Tj ET Q q 0 0 0 rg BT 322.18 190.40 Td (in ) Tj ET Q q 0 0 0 rg BT 333.11 190.40 Td (commodity ) Tj ET Q q 0 0 0 rg BT 384.59 190.40 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.41 190.40 Td (and ) Tj ET Q q 0 0 0 rg BT 434.24 190.40 Td (increased ) Tj ET Q q 0 0 0 rg BT 480.74 190.40 Td (optimism ) Tj ET Q q 0 0 0 rg BT 523.89 190.40 Td (has ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 176.60 Td (led ) Tj ET Q q 0 0 0 rg BT 88.82 176.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.63 176.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 147.46 176.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 179.84 176.60 Td (activity ) Tj ET Q q 0 0 0 rg BT 213.87 176.60 Td (in ) Tj ET Q q 0 0 0 rg BT 225.13 176.60 Td (Canada ) Tj ET Q q 0 0 0 rg BT 263.63 176.60 Td (and ) Tj ET Q q 0 0 0 rg BT 283.79 176.60 Td (in ) Tj ET Q q 0 0 0 rg BT 295.05 176.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.42 176.60 Td (US ) Tj ET Q q 0 0 0 rg BT 329.78 176.60 Td (market ) Tj ET Q q 0 0 0 rg BT 363.82 176.60 Td (. ) Tj ET Q q 0 0 0 rg BT 369.84 176.60 Td (This ) Tj ET Q q 0 0 0 rg BT 392.21 176.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 433.48 176.60 Td (was ) Tj ET Q q 0 0 0 rg BT 454.74 176.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 492.67 176.60 Td (of) Tj ET Q q 0 0 0 rg BT 500.83 176.60 Td (fset ) Tj ET Q q 0 0 0 rg BT 520.42 176.60 Td (by ) Tj ET Q q 0 0 0 rg BT 534.45 176.60 Td (a ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 162.80 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 137.15 162.80 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 184.51 162.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 213.51 162.80 Td (relative ) Tj ET Q q 0 0 0 rg BT 250.30 162.80 Td (to ) Tj ET Q q 0 0 0 rg BT 263.18 162.80 Td (the ) Tj ET Q q 0 0 0 rg BT 281.63 162.80 Td (US ) Tj ET Q q 0 0 0 rg BT 300.07 162.80 Td (dollar ) Tj ET Q q 0 0 0 rg BT 329.08 162.80 Td (and ) Tj ET Q q 0 0 0 rg BT 350.31 162.80 Td (a ) Tj ET Q q 0 0 0 rg BT 360.42 162.80 Td (decline ) Tj ET Q q 0 0 0 rg BT 396.65 162.80 Td (in ) Tj ET Q q 0 0 0 rg BT 408.99 162.80 Td (drilling ) Tj ET Q q 0 0 0 rg BT 442.43 162.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 477.54 162.80 Td (in ) Tj ET Q q 0 0 0 rg BT 489.87 162.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 524.44 162.80 Td (key ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 149.00 Td (international ) Tj ET Q q 0 0 0 rg BT 129.26 149.00 Td (markets.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 129.20 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 132.66 129.20 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 168.23 129.20 Td ( ) Tj ET Q q 0 0 0 rg BT 170.51 129.20 Td (was ) Tj ET Q q 0 0 0 rg BT 190.58 129.20 Td ($23.5 ) Tj ET Q q 0 0 0 rg BT 217.90 129.20 Td (million ) Tj ET Q q 0 0 0 rg BT 248.52 129.20 Td (in ) Tj ET Q q 0 0 0 rg BT 258.59 129.20 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 274.78 129.20 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 290.89 129.20 Td ( ) Tj ET Q q 0 0 0 rg BT 293.18 129.20 Td (quarter) Tj ET Q q 0 0 0 rg BT 324.31 129.20 Td (, ) Tj ET Q q 0 0 0 rg BT 329.38 129.20 Td (an ) Tj ET Q q 0 0 0 rg BT 342.79 129.20 Td (increase ) Tj ET Q q 0 0 0 rg BT 382.87 129.20 Td (of ) Tj ET Q q 0 0 0 rg BT 393.50 129.20 Td ($23.8 ) Tj ET Q q 0 0 0 rg BT 420.81 129.20 Td (million ) Tj ET Q q 0 0 0 rg BT 451.44 129.20 Td (from ) Tj ET Q q 0 0 0 rg BT 473.72 129.20 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 489.91 129.20 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 506.02 129.20 Td ( ) Tj ET Q q 0 0 0 rg BT 508.31 129.20 Td (quarter ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 115.40 Td (of ) Tj ET Q q 0 0 0 rg BT 83.57 115.40 Td (2016. ) Tj ET Q q 0 0 0 rg BT 111.83 115.40 Td (Included ) Tj ET Q q 0 0 0 rg BT 152.88 115.40 Td (in ) Tj ET Q q 0 0 0 rg BT 163.89 115.40 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 199.46 115.40 Td ( ) Tj ET Q q 0 0 0 rg BT 202.69 115.40 Td (in ) Tj ET Q q 0 0 0 rg BT 213.71 115.40 Td (the ) Tj ET Q q 0 0 0 rg BT 230.85 115.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 254.09 115.40 Td (year ) Tj ET Q q 0 0 0 rg BT 276.77 115.40 Td (results ) Tj ET Q q 0 0 0 rg BT 309.46 115.40 Td (are ) Tj ET Q q 0 0 0 rg BT 327.15 115.40 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 385.96 115.40 Td (charges ) Tj ET Q q 0 0 0 rg BT 424.77 115.40 Td (related ) Tj ET Q q 0 0 0 rg BT 458.58 115.40 Td (to ) Tj ET Q q 0 0 0 rg BT 470.15 115.40 Td (the ) Tj ET Q q 0 0 0 rg BT 487.29 115.40 Td (reduction ) Tj ET Q q 0 0 0 rg BT 531.66 115.40 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 101.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 119.65 101.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.06 101.60 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 202.16 101.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.23 101.60 Td (of) Tj ET Q q 0 0 0 rg BT 222.38 101.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 241.67 101.60 Td (space ) Tj ET Q q 0 0 0 rg BT 272.08 101.60 Td (totaling ) Tj ET Q q 0 0 0 rg BT 308.06 101.60 Td ($10.9 ) Tj ET Q q 0 0 0 rg BT 336.81 101.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 371.65 101.60 Td ( ) Tj ET Q q 0 0 0 rg BT 375.38 101.60 Td ( ) Tj ET Q q 0 0 0 rg BT 378.37 101.60 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 421.01 101.60 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 463.63 101.60 Td (which ) Tj ET Q q 0 0 0 rg BT 492.92 101.60 Td (adjusts ) Tj ET Q q 0 0 0 rg BT 528.33 101.60 Td (for ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 87.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 104.44 87.80 Td (exchange ) Tj ET Q q 0 0 0 rg BT 149.68 87.80 Td (and ) Tj ET Q q 0 0 0 rg BT 168.23 87.80 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.11 87.80 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 261.44 87.80 Td (charges,including ) Tj ET Q q 0 0 0 rg BT 341.14 87.80 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 398.58 87.80 Td (costs, ) Tj ET Q q 0 0 0 rg BT 426.56 87.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 471.79 87.80 Td (to ) Tj ET Q q 0 0 0 rg BT 481.99 87.80 Td ($24.9 ) Tj ET Q q 0 0 0 rg BT 508.88 87.80 Td (million, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 74.00 Td (up ) Tj ET Q q 0 0 0 rg BT 85.90 74.00 Td (from ) Tj ET Q q 0 0 0 rg BT 108.68 74.00 Td ($8.8 ) Tj ET Q q 0 0 0 rg BT 130.92 74.00 Td (million ) Tj ET Q q 0 0 0 rg BT 162.04 74.00 Td (in ) Tj ET Q q 0 0 0 rg BT 172.60 74.00 Td (the ) Tj ET Q q 0 0 0 rg BT 189.28 74.00 Td (first ) Tj ET Q q 0 0 0 rg BT 208.17 74.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 242.63 74.00 Td (of ) Tj ET Q q 0 0 0 rg BT 253.75 74.00 Td (2016. ) Tj ET Q /GS0 gs q 160.00 0 0 53.00 50.00 714.60 cm /I1 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.00 714.60 Td ( ) Tj ET Q BT /F2 28.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0.4666666666666667 0 rg BT 362.26 714.60 Td (Press Release) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 676.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.04 676.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.65 676.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 179.93 676.75 Td (net ) Tj ET Q q 0 0 0 rg BT 196.64 676.75 Td (income ) Tj ET Q q 0 0 0 rg BT 231.68 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 242.83 676.75 Td ($7.2 ) Tj ET Q q 0 0 0 rg BT 265.10 676.75 Td (million ) Tj ET Q q 0 0 0 rg BT 296.25 676.75 Td (\($0.08 ) Tj ET Q q 0 0 0 rg BT 327.42 676.75 Td (per ) Tj ET Q q 0 0 0 rg BT 344.68 676.75 Td (share\) ) Tj ET Q q 0 0 0 rg BT 375.83 676.75 Td (in ) Tj ET Q q 0 0 0 rg BT 386.43 676.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 403.14 676.75 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 419.25 676.75 Td ( ) Tj ET Q q 0 0 0 rg BT 422.06 676.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 456.55 676.75 Td (of ) Tj ET Q q 0 0 0 rg BT 467.70 676.75 Td (2017, ) Tj ET Q q 0 0 0 rg BT 495.53 676.75 Td (compared ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 662.95 Td (to ) Tj ET Q q 0 0 0 rg BT 83.15 662.95 Td (a ) Tj ET Q q 0 0 0 rg BT 91.53 662.95 Td (net ) Tj ET Q q 0 0 0 rg BT 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rg BT 103.12 649.15 Td (include ) Tj ET Q q 0 0 0 rg BT 136.49 649.15 Td (the ) Tj ET Q q 0 0 0 rg BT 152.06 649.15 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 209.31 649.15 Td (costs ) Tj ET Q q 0 0 0 rg BT 234.32 649.15 Td (referred ) Tj ET Q q 0 0 0 rg BT 271.00 649.15 Td (to ) Tj ET Q q 0 0 0 rg BT 281.01 649.15 Td (above. ) Tj ET Q q 0 0 0 rg BT 312.60 649.15 Td (The ) Tj ET Q q 0 0 0 rg BT 331.50 649.15 Td (increase ) Tj ET Q q 0 0 0 rg BT 370.97 649.15 Td (in ) Tj ET Q q 0 0 0 rg BT 380.43 649.15 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 424.91 649.15 Td (and ) Tj ET Q q 0 0 0 rg BT 443.27 649.15 Td (US ) Tj ET Q q 0 0 0 rg BT 458.83 649.15 Td (revenue ) Tj ET Q q 0 0 0 rg BT 496.64 649.15 Td (combined ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 635.35 Td (with ) Tj ET Q q 0 0 0 rg BT 91.92 635.35 Td (cost ) Tj ET Q q 0 0 0 rg BT 112.39 635.35 Td (reduction ) Tj ET Q q 0 0 0 rg BT 155.67 635.35 Td (programs ) Tj ET Q q 0 0 0 rg BT 200.04 635.35 Td (previously ) Tj ET Q q 0 0 0 rg BT 247.19 635.35 Td (implemented ) Tj ET Q q 0 0 0 rg BT 306.58 635.35 Td (and ) Tj ET Q q 0 0 0 rg BT 325.40 635.35 Td (a ) Tj ET Q q 0 0 0 rg BT 333.10 635.35 Td (significant ) Tj ET Q q 0 0 0 rg BT 379.70 635.35 Td (decline ) Tj ET Q q 0 0 0 rg BT 413.52 635.35 Td (in ) Tj ET Q q 0 0 0 rg BT 423.44 635.35 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 480.06 635.35 Td (expense ) Tj ET Q q 0 0 0 rg BT 520.00 635.35 Td (from ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 621.55 Td (2016 ) Tj ET Q q 0 0 0 rg BT 97.02 621.55 Td (levels ) Tj ET Q q 0 0 0 rg BT 125.37 621.55 Td (led ) Tj ET Q q 0 0 0 rg BT 141.49 621.55 Td (to ) Tj ET Q q 0 0 0 rg BT 152.61 621.55 Td (the ) Tj ET Q q 0 0 0 rg BT 169.29 621.55 Td (increase ) Tj ET Q q 0 0 0 rg BT 209.87 621.55 Td (in ) Tj ET Q q 0 0 0 rg BT 220.43 621.55 Td (income ) Tj ET Q q 0 0 0 rg BT 255.44 621.55 Td (from ) Tj ET Q q 0 0 0 rg BT 278.22 621.55 Td (2016 ) Tj ET Q q 0 0 0 rg BT 303.25 621.55 Td (levels. ) Tj ET Q q 0 0 0 rg BT 334.37 621.55 Td ( ) Tj ET Q q 0 0 0 rg BT 337.15 621.55 Td ( ) Tj ET Q q 0 0 0 rg BT 339.92 621.55 Td ( ) Tj ET Q q 0 0 0 rg BT 342.70 621.55 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 601.75 Td ( ) Tj ET Q q 0 0 0 rg BT 74.78 601.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 581.95 Td ( ) Tj ET Q q 0 0 0 rg BT 74.78 581.95 Td ( ) Tj ET Q q 0 0 0 rg BT 77.56 581.95 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 562.15 Td ( ) Tj ET Q q 0 0 0 rg BT 74.78 562.15 Td ( ) Tj ET Q q 0 0 0 rg BT 77.56 562.15 Td ( ) Tj ET Q q 0 0 0 rg BT 80.33 562.15 Td ( ) Tj ET Q /GS0 gs q 160.00 0 0 53.00 50.00 714.60 cm /I2 Do Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (3 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F4 20.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 705.45 Td (President) Tj ET Q q 0 0.32941176470588235 0.37254901960784315 rg BT 167.96 705.45 Td (s Message) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 682.05 Td (After ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 95.39 682.05 Td (two ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 113.22 682.05 Td (very ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 134.38 682.05 Td (challenging ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 187.25 682.05 Td (years, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 216.75 682.05 Td (Pason ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 247.37 682.05 Td (has ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 265.76 682.05 Td (returned ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 305.28 682.05 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 315.89 682.05 Td (positive ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 352.06 682.05 Td (income ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 386.57 682.05 Td (territory) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 419.72 682.05 Td (. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 424.77 682.05 Td (Income ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 459.83 682.05 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 473.77 682.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 489.94 682.05 Td (first ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 508.32 682.05 Td (quarter ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 664.65 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 82.62 664.65 Td (2017 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 107.14 664.65 Td (was ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 127.20 664.65 Td ($7.2 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 148.94 664.65 Td (million, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 182.33 664.65 Td (or ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 193.50 664.65 Td ($0.08 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 220.80 664.65 Td (per ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 237.53 664.65 Td (share, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 267.60 664.65 Td (compared ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 314.34 664.65 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 324.96 664.65 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 332.80 664.65 Td (loss ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 352.86 664.65 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 363.47 664.65 Td ($10.9 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 390.77 664.65 Td (million ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 421.39 664.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 431.45 664.65 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 447.63 664.65 Td (previous ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 487.70 664.65 Td (year ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 509.43 664.65 Td (period. ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 647.25 Td (Adjusted ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 114.11 647.25 Td (EBITDA) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 149.68 647.25 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 152.88 647.25 Td (was ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 173.85 647.25 Td ($24.9 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 202.08 647.25 Td (million, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 236.39 647.25 Td (resulting ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 277.38 647.25 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 288.36 647.25 Td (an ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 302.68 647.25 Td (adjusted ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 343.69 647.25 Td (EBITDA) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 379.25 647.25 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 382.45 647.25 Td (margin ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 416.21 647.25 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 427.75 647.25 Td (42%. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 453.74 647.25 Td (Free ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 477.50 647.25 Td (Cash ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 504.04 647.25 Td (Flow ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 528.35 647.25 Td (for ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 629.85 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 87.95 629.85 Td (quarter ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 121.68 629.85 Td (was ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 141.51 629.85 Td ($28.5 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 168.59 629.85 Td (million. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 201.35 629.85 Td (At ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 212.84 629.85 Td (March ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 242.67 629.85 Td (31, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 258.62 629.85 Td (2017, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 285.70 629.85 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 302.20 629.85 Td (working ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 338.71 629.85 Td (capital ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 369.66 629.85 Td (position ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 406.18 629.85 Td (stood ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 432.69 629.85 Td (at ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 443.08 629.85 Td ($203 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 467.37 629.85 Td (million, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 500.54 629.85 Td (including ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 612.45 Td (cash ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 96.14 612.45 Td (at ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 107.49 612.45 Td ($163 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 132.75 612.45 Td (million. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 166.68 612.45 Td (There ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 195.82 612.45 Td (is ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 206.05 612.45 Td (no ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 220.19 612.45 Td (debt ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 242.67 612.45 Td (on ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 256.80 612.45 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 274.27 612.45 Td (balance ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 312.31 612.45 Td (sheet. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 342.57 612.45 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 351.82 612.45 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 360.40 612.45 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 377.87 612.45 Td (maintaining ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 432.02 612.45 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 449.49 612.45 Td (quarterly ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 491.41 612.45 Td (dividend ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 531.67 612.45 Td (at ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 595.05 Td ($0.17 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 99.80 595.05 Td (share.) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 572.65 Td (The ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 91.06 572.65 Td (key ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 108.46 572.65 Td (drivers ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 140.29 572.65 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 150.46 572.65 Td (improved ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 193.42 572.65 Td (financial ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 231.94 572.65 Td (performance ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 289.91 572.65 Td (were: ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 316.20 572.65 Td (1\) ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 326.92 572.65 Td (higher ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 356.55 572.65 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 387.28 572.65 Td (activity ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 419.68 572.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 429.29 572.65 Td (Canada ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 466.15 572.65 Td (as ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 478.55 572.65 Td (well ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 497.60 572.65 Td (as ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 510.00 572.65 Td (certain ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 555.25 Td (US ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 87.77 555.25 Td (regions, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 125.22 555.25 Td (especially ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 171.00 555.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 186.78 555.25 Td (Permian; ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 228.67 555.25 Td (2\) ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 239.44 555.25 Td (increased ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 284.67 555.25 Td (US ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 300.44 555.25 Td (market ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 332.87 555.25 Td (share; ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 362.54 555.25 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 381.10 555.25 Td (3\) ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 391.87 555.25 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 399.30 555.25 Td (significant ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 445.65 555.25 Td (reduction ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 488.66 555.25 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 498.32 555.25 Td (operating ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 537.85 Td (costs ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 98.03 537.85 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 117.40 537.85 Td (depreciation. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 177.18 537.85 Td (These ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 207.66 537.85 Td (improvements ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 273.15 537.85 Td (were ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 297.52 537.85 Td (partially ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 334.66 537.85 Td (of) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 342.82 537.85 Td (fset ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 361.63 537.85 Td (by ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 374.88 537.85 Td (negative ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 415.38 537.85 Td (exchange ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 461.44 537.85 Td (rate ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 481.36 537.85 Td (ef) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 489.52 537.85 Td (fects, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 516.11 537.85 Td (lower ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 520.45 Td (market ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 105.68 520.45 Td (share ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 133.81 520.45 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 153.61 520.45 Td (heightened ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 206.22 520.45 Td (pricing ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 238.80 520.45 Td (pressure ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 280.82 520.45 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 291.72 520.45 Td (Canada, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 332.65 520.45 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 352.45 520.45 Td (weakness ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 400.04 520.45 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 410.94 520.45 Td (certain ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 444.07 520.45 Td (international ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 501.67 520.45 Td (markets, ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 503.05 Td (especially ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 118.14 503.05 Td (Argentina ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 163.72 503.05 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 183.19 503.05 Td (Mexico.) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 477.65 Td (Since ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 100.39 477.65 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 117.66 477.65 Td (beginning ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 164.41 477.65 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 176.12 477.65 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 193.39 477.65 Td (New ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 216.55 477.65 Td (Y) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 222.30 477.65 Td (ear) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 236.21 477.65 Td (, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 242.36 477.65 Td (growth ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 275.74 477.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 286.90 477.65 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 319.17 477.65 Td (activity ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 353.11 477.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 364.26 477.65 Td (North ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 391.42 477.65 Td (American ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 437.03 477.65 Td (land ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 459.31 477.65 Td (has ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 478.80 477.65 Td (exceeded ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 525.54 477.65 Td (our ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 460.25 Td (expectations. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 134.09 460.25 Td (The ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 154.70 460.25 Td (outlook ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 190.32 460.25 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 205.37 460.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 222.65 460.25 Td (remainder ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 271.05 460.25 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 282.77 460.25 Td (2017 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 308.40 460.25 Td (is ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 319.00 460.25 Td (more ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 345.16 460.25 Td (positive ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 382.44 460.25 Td (than ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 405.29 460.25 Td (what ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 429.79 460.25 Td (we ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 445.95 460.25 Td (experienced ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 503.81 460.25 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 514.98 460.25 Td (2016. ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 442.85 Td (Some ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 100.58 442.85 Td (analysts ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 139.71 442.85 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 156.62 442.85 Td (projecting ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 202.43 442.85 Td (that ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 221.56 442.85 Td (oil ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 234.02 442.85 Td (may ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 255.36 442.85 Td (rally ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 276.15 442.85 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 286.94 442.85 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 303.30 442.85 Td (mid-$60s ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 346.88 442.85 Td (by ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 359.89 442.85 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 376.25 442.85 Td (end ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 395.38 442.85 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 406.18 442.85 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 422.53 442.85 Td (year) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 441.43 442.85 Td (. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 446.50 442.85 Td (This ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 467.85 442.85 Td (would ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 496.43 442.85 Td (likely ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 521.11 442.85 Td (lead ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 425.45 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 83.12 425.45 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 91.46 425.45 Td (sustained ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 137.04 425.45 Td (growth ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 169.84 425.45 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 180.40 425.45 Td (North ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 207.08 425.45 Td (American ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 252.09 425.45 Td (land ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 273.78 425.45 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 305.46 425.45 Td (activity) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 335.28 425.45 Td (.) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 403.05 Td (However) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 110.91 403.05 Td (, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 116.43 403.05 Td (inventories ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 167.53 403.05 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 178.62 403.05 Td (crude ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 206.38 403.05 Td (oil ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 219.13 403.05 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 238.56 403.05 Td (refined ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 271.88 403.05 Td (products ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 312.98 403.05 Td (continue ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 353.53 403.05 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 364.61 403.05 Td (be ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 378.48 403.05 Td (at ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 389.56 403.05 Td (very ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 411.20 403.05 Td (high ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 432.85 403.05 Td (levels. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 463.94 403.05 Td (For ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 481.69 403.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 498.33 403.05 Td (optimistic ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 385.65 Td (oil ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 84.11 385.65 Td (price ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 107.90 385.65 Td (scenario ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 147.80 385.65 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 158.25 385.65 Td (materialize, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 211.49 385.65 Td (OPEC ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 241.94 385.65 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 260.73 385.65 Td (its ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 272.84 385.65 Td (allies ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 297.73 385.65 Td (need ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 322.09 385.65 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 332.54 385.65 Td (extend ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 364.67 385.65 Td (their ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 386.23 385.65 Td (production ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 435.04 385.65 Td (cuts ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 455.49 385.65 Td (that ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 474.27 385.65 Td (went ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 497.51 385.65 Td (into ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 515.74 385.65 Td (ef) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 523.90 385.65 Td (fect ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 368.25 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 82.03 368.25 Td (January) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 116.87 368.25 Td (. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 121.45 368.25 Td (A) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 127.57 368.25 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 129.82 368.25 Td (failure ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 159.31 368.25 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 169.90 368.25 Td (extend ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 202.17 368.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 218.32 368.25 Td (output ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 248.38 368.25 Td (agreement ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 298.43 368.25 Td (at ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 309.02 368.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 325.18 368.25 Td (next ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 346.33 368.25 Td (OPEC ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 376.92 368.25 Td (meeting ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 414.74 368.25 Td (at ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 425.33 368.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 441.49 368.25 Td (end ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 460.42 368.25 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 471.01 368.25 Td (May ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 492.15 368.25 Td (could ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 518.31 368.25 Td (send ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 350.85 Td (oil ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 85.23 350.85 Td (prices ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 115.13 350.85 Td (much ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 142.80 350.85 Td (lower) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 166.15 350.85 Td (. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 171.51 350.85 Td (As ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 186.40 350.85 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 195.19 350.85 Td (result, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 225.64 350.85 Td (there ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 251.66 350.85 Td (continues ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 297.69 350.85 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 309.25 350.85 Td (be ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 323.60 350.85 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 332.38 350.85 Td (lot ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 346.17 350.85 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 357.73 350.85 Td (uncertainty ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 409.87 350.85 Td (around ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 444.23 350.85 Td (E&P) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 464.06 350.85 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 467.28 350.85 Td (capital ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 499.41 350.85 Td (spending ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 333.45 Td (plans, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 101.46 333.45 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 120.93 333.45 Td (therefore ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 163.73 333.45 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 178.18 333.45 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 209.86 333.45 Td (activity) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 239.68 333.45 Td (, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 245.23 333.45 Td (going ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 272.48 333.45 Td (forward.) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 311.05 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 81.26 311.05 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 88.84 311.05 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 105.32 311.05 Td (more ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 130.13 311.05 Td (optimistic ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 173.83 311.05 Td (about ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 200.88 311.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 216.81 311.05 Td (outlook ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 251.08 311.05 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 264.78 311.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 280.70 311.05 Td (oil ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 292.73 311.05 Td (price ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 316.43 311.05 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 330.13 311.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 346.05 311.05 Td (medium ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 383.65 311.05 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 394.01 311.05 Td (longer ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 423.83 311.05 Td (term. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 448.64 311.05 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 450.53 311.05 Td (The ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 469.79 311.05 Td (rate ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 489.05 311.05 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 499.41 311.05 Td (depletion ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 293.65 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 82.99 293.65 Td (developed ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 131.79 293.65 Td (oil ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 144.44 293.65 Td (reserves ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 185.43 293.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 195.86 293.65 Td (many ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 222.97 293.65 Td (non-OPEC ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 273.97 293.65 Td (countries ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 317.19 293.65 Td (is ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 327.06 293.65 Td (accelerating. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 386.41 293.65 Td (Continued ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 434.65 293.65 Td (underinvestment ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 511.23 293.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 521.66 293.65 Td (new ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 276.25 Td (supply ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 103.68 276.25 Td (increases ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 149.26 276.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 165.94 276.25 Td (probability ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 214.30 276.25 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 225.42 276.25 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 233.76 276.25 Td (supply ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 265.44 276.25 Td (deficit ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 294.34 276.25 Td (down ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 321.03 276.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 337.71 276.25 Td (road.) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 253.85 Td (Pason) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 102.40 253.85 Td (s ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 110.20 253.85 Td (two ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 128.56 253.85 Td (main ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 153.04 253.85 Td (objectives ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 200.30 253.85 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 214.78 253.85 Td (2017 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 239.82 253.85 Td (remain:1\) ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 284.86 253.85 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 296.00 253.85 Td (fully ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 316.59 253.85 Td (participate ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 365.53 253.85 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 376.11 253.85 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 392.81 253.85 Td (industry) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 429.87 253.85 Td (s ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 437.67 253.85 Td (upturn ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 468.83 253.85 Td (while ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 494.41 253.85 Td (containing ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 236.45 Td (growth ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 104.79 236.45 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 115.91 236.45 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 132.59 236.45 Td (cost ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 153.71 236.45 Td (base; ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 180.95 236.45 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 200.41 236.45 Td (2\) ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 212.08 236.45 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 223.20 236.45 Td (become ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 261.56 236.45 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 269.90 236.45 Td (key ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 288.24 236.45 Td (enabler ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 324.37 236.45 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 335.49 236.45 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 367.17 236.45 Td (automation ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 419.43 236.45 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 438.89 236.45 Td (big ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 455.01 236.45 Td (data ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 477.25 236.45 Td (strategies. ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 214.05 Td (With ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 94.15 214.05 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 110.76 214.05 Td (current ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 144.03 214.05 Td (cost ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 164.53 214.05 Td (structure, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 208.36 214.05 Td (we ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 223.30 214.05 Td (can ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 241.57 214.05 Td (absorb ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 274.30 214.05 Td (higher ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 304.25 214.05 Td (activity ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 336.97 214.05 Td (levels ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 364.69 214.05 Td (without ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 398.52 214.05 Td (having ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 430.14 214.05 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 440.64 214.05 Td (add ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 459.47 214.05 Td (cost ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 479.97 214.05 Td (proportionally ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 196.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 82.56 196.65 Td (many ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 109.79 196.65 Td (regions. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 148.15 196.65 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 157.41 196.65 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 165.75 196.65 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 182.98 196.65 Td (therefore ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 225.78 196.65 Td (well-positioned ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 294.71 196.65 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 305.82 196.65 Td (maximize ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 350.83 196.65 Td (returns ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 384.73 196.65 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 395.29 196.65 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 411.97 196.65 Td (industry) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 449.03 196.65 Td (s ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 456.80 196.65 Td (continued ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 502.95 196.65 Td (growth. ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 174.25 Td (At ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 84.02 174.25 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 100.49 174.25 Td (same ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 127.52 174.25 Td (time, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 151.76 174.25 Td (we ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 167.12 174.25 Td (continue ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 207.50 174.25 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 218.41 174.25 Td (invest ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 247.10 174.25 Td (approximately ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 311.93 174.25 Td ($30 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 331.18 174.25 Td (million ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 362.10 174.25 Td (annually ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 401.92 174.25 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 412.28 174.25 Td (R&D ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 435.96 174.25 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 455.22 174.25 Td (IT) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 463.00 174.25 Td (. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 468.35 174.25 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 477.60 174.25 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 485.74 174.25 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 502.76 174.25 Td (focusing ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 156.85 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 90.06 156.85 Td (development ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 150.92 156.85 Td (ef) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 159.08 156.85 Td (forts ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 182.13 156.85 Td (on ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 196.86 156.85 Td (products ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 238.81 156.85 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 259.10 156.85 Td (services ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 299.38 156.85 Td (that ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 319.66 156.85 Td (directly ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 354.94 156.85 Td (improve ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 394.11 156.85 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 411.61 156.85 Td (ef) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 419.77 156.85 Td (ficiency) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 452.38 156.85 Td (, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 458.76 156.85 Td (ef) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 466.92 156.85 Td (fectiveness, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 523.32 156.85 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 139.45 Td (safety ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 101.90 139.45 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 113.46 139.45 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 145.58 139.45 Td (operations ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 195.50 139.45 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 215.41 139.45 Td (wellbore ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 255.87 139.45 Td (quality) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 284.03 139.45 Td (. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 290.03 139.45 Td (Examples ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 337.16 139.45 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 348.72 139.45 Td (this ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 367.50 139.45 Td (include ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 402.41 139.45 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 420.09 139.45 Td (ePVT) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 444.92 139.45 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 447.50 139.45 Td (Adaptive ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 488.99 139.45 Td (Alarms ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 523.33 139.45 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 122.05 Td (Digital ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 103.40 122.05 Td (T) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 109.13 122.05 Td (rip ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 124.11 122.05 Td (Sheets, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 161.11 122.05 Td (AC ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 178.10 122.05 Td (AutoDriller) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 224.22 122.05 Td (, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 230.86 122.05 Td (abbl ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 253.63 122.05 Td (Directional ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 303.96 122.05 Td (Advisor ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 341.17 122.05 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 361.71 122.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 379.47 122.05 Td (deployment ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 435.03 122.05 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 447.23 122.05 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 464.99 122.05 Td (advanced ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 512.22 122.05 Td (Exxon ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 104.65 Td (Drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 104.55 104.65 Td (Advisory ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 145.39 104.65 Td (System. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 183.99 104.65 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 193.25 104.65 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 201.30 104.65 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 218.24 104.65 Td (building ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 255.20 104.65 Td (on ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 268.81 104.65 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 285.75 104.65 Td (acquisition ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 335.48 104.65 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 346.31 104.65 Td (V) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 352.43 104.65 Td (erdazo ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 385.00 104.65 Td (Analytics ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 427.50 104.65 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 438.33 104.65 Td (provide ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 473.61 104.65 Td (customers ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 522.22 104.65 Td (with ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (4 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 712.75 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 80.87 712.75 Td (holistic ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 114.74 712.75 Td (platform ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 154.17 712.75 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 165.82 712.75 Td (analyze ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 203.59 712.75 Td (drilling, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 238.58 712.75 Td (production, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 291.36 712.75 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 311.35 712.75 Td (operational ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 364.14 712.75 Td (data. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 389.47 712.75 Td (The ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 410.01 712.75 Td (addition ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 448.34 712.75 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 459.99 712.75 Td (an ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 474.42 712.75 Td (enhanced ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 521.66 712.75 Td (Live ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 695.35 Td (Rig ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 89.78 695.35 Td (V) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 96.27 695.35 Td (iew ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 114.06 695.35 Td (\(LR) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 129.99 695.35 Td (V\) ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 142.77 695.35 Td (web ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 163.89 695.35 Td (service ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 198.34 695.35 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 209.46 695.35 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 226.69 695.35 Td (cloud-based ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 283.95 695.35 Td (of) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 292.11 695.35 Td (fering ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 319.91 695.35 Td (benefits ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 357.71 695.35 Td (of) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 365.87 695.35 Td (fice-based ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 414.78 695.35 Td (users ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 442.01 695.35 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 453.13 695.35 Td (Pason ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 484.27 695.35 Td (data.) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 672.95 Td (Our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 91.74 672.95 Td (very ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 113.70 672.95 Td (capable ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 151.79 672.95 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 171.54 672.95 Td (flexible ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 205.74 672.95 Td (rigsite ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 235.48 672.95 Td (IT) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 244.19 672.95 Td ( ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 247.26 672.95 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 267.01 672.95 Td (communications ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 342.33 672.95 Td (platform ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 381.52 672.95 Td (can ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 400.71 672.95 Td (host ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 422.68 672.95 Td (new ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 444.09 672.95 Td (Pason ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 475.51 672.95 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 495.26 672.95 Td (third ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 517.78 672.95 Td (party ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 655.55 Td (software. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 115.42 655.55 Td (Our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 134.94 655.55 Td (capital ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 166.69 655.55 Td (expenditures ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 226.80 655.55 Td (will ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 243.54 655.55 Td (be ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 257.51 655.55 Td (relatively ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 299.82 655.55 Td (small ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 326.00 655.55 Td (going ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 353.32 655.55 Td (forward ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 389.51 655.55 Td (with ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 410.14 655.55 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 418.55 655.55 Td (larger ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 446.97 655.55 Td (portion ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 480.39 655.55 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 491.58 655.55 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 508.88 655.55 Td (current ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 638.15 Td (development ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 132.37 638.15 Td (ef) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 140.53 638.15 Td (forts ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 163.09 638.15 Td (focused ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 201.23 638.15 Td (on ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 215.47 638.15 Td (software ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 256.38 638.15 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 276.17 638.15 Td (analytics. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 320.97 638.15 Td (For ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 339.08 638.15 Td (2017, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 367.22 638.15 Td (we ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 383.12 638.15 Td (intend ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 413.48 638.15 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 424.93 638.15 Td (spend ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 455.29 638.15 Td (up ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 469.53 638.15 Td (to ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 480.98 638.15 Td ($25 ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 500.78 638.15 Td (million ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 532.23 638.15 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 620.75 Td (capital ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 103.68 620.75 Td (expenditures) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 598.35 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 81.26 598.35 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 89.52 598.35 Td (feel ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 108.34 598.35 Td (good ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 133.28 598.35 Td (about ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 161.00 598.35 Td (Pason) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 191.40 598.35 Td (s ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 199.09 598.35 Td (market ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 232.35 598.35 Td (position ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 269.52 598.35 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 288.90 598.35 Td (prospects, ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 337.73 598.35 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 357.11 598.35 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 374.26 598.35 Td (excited ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 408.64 598.35 Td (about ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 436.36 598.35 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 452.96 598.35 Td (potential ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 493.46 598.35 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 504.50 598.35 Td (our ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 521.65 598.35 Td (new ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 580.95 Td (products ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 114.96 580.95 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 136.25 580.95 Td (services. ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 180.31 580.95 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 189.57 580.95 Td (e ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 199.73 580.95 Td (are ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 218.79 580.95 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 237.30 580.95 Td (service ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 273.58 580.95 Td (provider ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 314.31 580.95 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 327.26 580.95 Td (choice ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 360.77 580.95 Td (for ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 377.04 580.95 Td (many ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 406.10 580.95 Td (leading ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 442.96 580.95 Td (operators ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 489.81 580.95 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 511.10 580.95 Td (drilling ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 563.55 Td (contractors ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 125.92 563.55 Td (with ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 148.16 563.55 Td (Pason ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 180.97 563.55 Td (equipment ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 232.12 563.55 Td (installed ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 273.27 563.55 Td (on ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 288.85 563.55 Td (over ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 312.76 563.55 Td (65% ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 337.23 563.55 Td (of ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 350.02 563.55 Td (all ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 364.49 563.55 Td (active ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 395.06 563.55 Td (land ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 418.43 563.55 Td (drilling ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 451.78 563.55 Td (rigs ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 472.35 563.55 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 484.59 563.55 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 502.95 563.55 Td (W) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 512.21 563.55 Td (estern ) Tj ET Q BT /F5 10.00 Tf ET q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 72.00 546.15 Td (Hemisphere ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 128.69 546.15 Td (and ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 148.15 546.15 Td (a ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 156.49 546.15 Td (growing ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 194.29 546.15 Td (presence ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 238.21 546.15 Td (in ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 248.77 546.15 Td (the ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 265.45 546.15 Td (Middle ) Tj ET Q q 0.25098039215686274 0.25098039215686274 0.25098039215686274 rg BT 297.68 546.15 Td (East. ) Tj ET Q /GS0 gs q 108.00 0 0 29.00 72.00 460.35 cm /I3 Do Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 442.35 Td (Marcel ) Tj ET Q q 0 0 0 rg BT 104.78 442.35 Td (Kessler) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 430.35 Td (President ) Tj ET Q q 0 0 0 rg BT 117.02 430.35 Td (and ) Tj ET Q q 0 0 0 rg BT 136.49 430.35 Td (Chief ) Tj ET Q q 0 0 0 rg BT 162.61 430.35 Td (Executive ) Tj ET Q q 0 0 0 rg BT 208.74 430.35 Td (Of) Tj ET Q q 0 0 0 rg BT 219.12 430.35 Td (ficer) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 418.35 Td (May2, ) Tj ET Q q 0 0 0 rg BT 104.79 418.35 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 127.03 418.35 Td ( ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (5 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F4 20.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 705.45 Td (Management) Tj ET Q q 0 0.32941176470588235 0.37254901960784315 rg BT 199.06 705.45 Td (s Discussion and ) Tj ET Q q 0 0.32941176470588235 0.37254901960784315 rg BT 368.37 705.45 Td (Analysis) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 685.65 Td (The ) Tj ET Q q 0 0 0 rg BT 91.16 685.65 Td (following ) Tj ET Q q 0 0 0 rg BT 131.99 685.65 Td (discussion ) Tj ET Q q 0 0 0 rg BT 180.61 685.65 Td (and ) Tj ET Q q 0 0 0 rg BT 199.22 685.65 Td (analysis ) Tj ET Q q 0 0 0 rg BT 237.27 685.65 Td (has ) Tj ET Q q 0 0 0 rg BT 255.32 685.65 Td (been ) Tj ET Q q 0 0 0 rg BT 279.49 685.65 Td (prepared ) Tj ET Q q 0 0 0 rg BT 321.44 685.65 Td (by ) Tj ET Q q 0 0 0 rg BT 333.93 685.65 Td (management ) Tj ET Q q 0 0 0 rg BT 394.22 685.65 Td (as ) Tj ET Q q 0 0 0 rg BT 406.71 685.65 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 416.97 685.65 Td (May2, ) Tj ET Q q 0 0 0 rg BT 448.91 685.65 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 471.15 685.65 Td (, ) Tj ET Q q 0 0 0 rg BT 475.86 685.65 Td (and ) Tj ET Q q 0 0 0 rg BT 494.47 685.65 Td (is ) Tj ET Q q 0 0 0 rg BT 503.61 685.65 Td (a ) Tj ET Q q 0 0 0 rg BT 511.10 685.65 Td (review ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 671.85 Td (of ) Tj ET Q q 0 0 0 rg BT 83.39 671.85 Td (the ) Tj ET Q q 0 0 0 rg BT 100.35 671.85 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.09 671.85 Td (condition ) Tj ET Q q 0 0 0 rg BT 183.17 671.85 Td (and ) Tj ET Q q 0 0 0 rg BT 202.91 671.85 Td (results ) Tj ET Q q 0 0 0 rg BT 235.42 671.85 Td (of ) Tj ET Q q 0 0 0 rg BT 246.81 671.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.57 671.85 Td (of ) Tj ET Q q 0 0 0 rg BT 307.96 671.85 Td (Pason ) Tj ET Q q 0 0 0 rg BT 339.37 671.85 Td (Systems ) Tj ET Q q 0 0 0 rg BT 380.76 671.85 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 399.93 671.85 Td (\(Pason ) Tj ET Q q 0 0 0 rg BT 434.67 671.85 Td (or ) Tj ET Q q 0 0 0 rg BT 446.62 671.85 Td (the ) Tj ET Q q 0 0 0 rg BT 463.57 671.85 Td (Company\) ) Tj ET Q q 0 0 0 rg BT 512.75 671.85 Td (based ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 658.05 Td (on ) Tj ET Q q 0 0 0 rg BT 84.55 658.05 Td (International ) Tj ET Q q 0 0 0 rg BT 141.01 658.05 Td (Financial ) Tj ET Q q 0 0 0 rg BT 182.45 658.05 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 227.24 658.05 Td (Standards ) Tj ET Q q 0 0 0 rg BT 274.25 658.05 Td (\(IFRS\) ) Tj ET Q q 0 0 0 rg BT 305.11 658.05 Td (and ) Tj ET Q q 0 0 0 rg BT 323.22 658.05 Td (should ) Tj ET Q q 0 0 0 rg BT 354.11 658.05 Td (be ) Tj ET Q q 0 0 0 rg BT 366.66 658.05 Td (read ) Tj ET Q q 0 0 0 rg BT 388.10 658.05 Td (in ) Tj ET Q q 0 0 0 rg BT 397.31 658.05 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 449.32 658.05 Td (with ) Tj ET Q q 0 0 0 rg BT 468.53 658.05 Td (the ) Tj ET Q q 0 0 0 rg BT 483.85 658.05 Td (consolidated ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 644.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 111.47 644.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 163.16 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.62 644.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 249.88 644.25 Td (notes.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 624.45 Td (Certain ) Tj ET Q q 0 0 0 rg BT 107.96 624.45 Td (information ) Tj ET Q q 0 0 0 rg BT 161.15 624.45 Td (regarding ) Tj ET Q q 0 0 0 rg BT 207.12 624.45 Td (the ) Tj ET Q q 0 0 0 rg BT 224.74 624.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 271.26 624.45 Td (contained ) Tj ET Q q 0 0 0 rg BT 318.35 624.45 Td (herein ) Tj ET Q q 0 0 0 rg BT 349.87 624.45 Td (may ) Tj ET Q q 0 0 0 rg BT 372.48 624.45 Td (constitute ) Tj ET Q q 0 0 0 rg BT 419.01 624.45 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 491.09 624.45 Td (statements ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 610.65 Td (under ) Tj ET Q q 0 0 0 rg BT 100.04 610.65 Td (applicable ) Tj ET Q q 0 0 0 rg BT 147.53 610.65 Td (securities ) Tj ET Q q 0 0 0 rg BT 192.23 610.65 Td (laws. ) Tj ET Q q 0 0 0 rg BT 217.47 610.65 Td (Such ) Tj ET Q q 0 0 0 rg BT 242.72 610.65 Td (statements ) Tj ET Q q 0 0 0 rg BT 294.09 610.65 Td (are ) Tj ET Q q 0 0 0 rg BT 311.00 610.65 Td (subject ) Tj ET Q q 0 0 0 rg BT 345.15 610.65 Td (to ) Tj ET Q q 0 0 0 rg BT 355.95 610.65 Td (known ) Tj ET Q q 0 0 0 rg BT 387.31 610.65 Td (or ) Tj ET Q q 0 0 0 rg BT 398.66 610.65 Td (unknown ) Tj ET Q q 0 0 0 rg BT 441.15 610.65 Td (risks ) Tj ET Q q 0 0 0 rg BT 464.16 610.65 Td (and ) Tj ET Q q 0 0 0 rg BT 483.31 610.65 Td (uncertainties ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 596.85 Td (that ) Tj ET Q q 0 0 0 rg BT 92.21 596.85 Td (may ) Tj ET Q q 0 0 0 rg BT 114.64 596.85 Td (cause ) Tj ET Q q 0 0 0 rg BT 144.85 596.85 Td (actual ) Tj ET Q q 0 0 0 rg BT 175.07 596.85 Td (results ) Tj ET Q q 0 0 0 rg BT 208.06 596.85 Td (to ) Tj ET Q q 0 0 0 rg BT 219.93 596.85 Td (dif) Tj ET Q q 0 0 0 rg BT 230.31 596.85 Td (fer ) Tj ET Q q 0 0 0 rg BT 245.51 596.85 Td (materially ) Tj ET Q q 0 0 0 rg BT 291.83 596.85 Td (from ) Tj ET Q q 0 0 0 rg BT 315.37 596.85 Td (those ) Tj ET Q q 0 0 0 rg BT 343.36 596.85 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 395.26 596.85 Td (or ) Tj ET Q q 0 0 0 rg BT 407.69 596.85 Td (implied ) Tj ET Q q 0 0 0 rg BT 442.90 596.85 Td (in ) Tj ET Q q 0 0 0 rg BT 454.22 596.85 Td (the ) Tj ET Q q 0 0 0 rg BT 471.65 596.85 Td (forward-looking ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 583.05 Td (statements.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 563.25 Td (All ) Tj ET Q q 0 0 0 rg BT 85.06 563.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.69 563.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 169.54 563.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 215.96 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 225.68 563.25 Td (this ) Tj ET Q q 0 0 0 rg BT 243.19 563.25 Td (report ) Tj ET Q q 0 0 0 rg BT 271.25 563.25 Td (are ) Tj ET Q q 0 0 0 rg BT 287.65 563.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 335.73 563.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.46 563.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 390.21 563.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 421.61 563.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 452.46 563.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 497.20 563.25 Td (indicated.) Tj ET Q BT /F4 16.00 Tf ET q 0 0 0 rg BT 72.00 518.25 Td (Additional IFRS Measures) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 504.45 Td (In ) Tj ET Q q 0 0 0 rg BT 83.95 504.45 Td (its ) Tj ET Q q 0 0 0 rg BT 97.56 504.45 Td (interim ) Tj ET Q q 0 0 0 rg BT 131.17 504.45 Td (condensed ) Tj ET Q q 0 0 0 rg BT 183.71 504.45 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 243.48 504.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 283.78 504.45 Td (statements, ) Tj ET Q q 0 0 0 rg BT 339.08 504.45 Td (the ) Tj ET Q q 0 0 0 rg BT 356.59 504.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 412.45 504.45 Td (uses ) Tj ET Q q 0 0 0 rg BT 437.18 504.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 470.81 504.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 517.23 504.45 Td (IFRS ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 490.65 Td (measures. ) Tj ET Q q 0 0 0 rg BT 121.46 490.65 Td (Management ) Tj ET Q q 0 0 0 rg BT 182.61 490.65 Td (believes ) Tj ET Q q 0 0 0 rg BT 222.08 490.65 Td (these ) Tj ET Q q 0 0 0 rg BT 249.32 490.65 Td (measures ) Tj ET Q q 0 0 0 rg BT 296.00 490.65 Td (provide ) Tj ET Q q 0 0 0 rg BT 331.58 490.65 Td (useful ) Tj ET Q q 0 0 0 rg BT 361.04 490.65 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 423.30 490.65 Td (information ) Tj ET Q q 0 0 0 rg BT 475.55 490.65 Td (to ) Tj ET Q q 0 0 0 rg BT 486.67 490.65 Td (readers.) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 467.25 Td (Funds flow from operations) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 450.45 Td (Management ) Tj ET Q q 0 0 0 rg BT 132.83 450.45 Td (believes ) Tj ET Q q 0 0 0 rg BT 171.97 450.45 Td (that ) Tj ET Q q 0 0 0 rg BT 191.11 450.45 Td (funds ) Tj ET Q q 0 0 0 rg BT 218.03 450.45 Td (flow ) Tj ET Q q 0 0 0 rg BT 238.27 450.45 Td (from ) Tj ET Q q 0 0 0 rg BT 260.73 450.45 Td (operations, ) Tj ET Q q 0 0 0 rg BT 312.67 450.45 Td (as ) Tj ET Q q 0 0 0 rg BT 325.69 450.45 Td (reported ) Tj ET Q q 0 0 0 rg BT 365.39 450.45 Td (in ) Tj ET Q q 0 0 0 rg BT 375.63 450.45 Td (the ) Tj ET Q q 0 0 0 rg BT 391.99 450.45 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 452.82 450.45 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.86 450.45 Td (of ) Tj ET Q q 0 0 0 rg BT 516.66 450.45 Td (Cash ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 436.65 Td (Flows, ) Tj ET Q q 0 0 0 rg BT 103.88 436.65 Td (is ) Tj ET Q q 0 0 0 rg BT 114.08 436.65 Td (a ) Tj ET Q q 0 0 0 rg BT 122.63 436.65 Td (useful ) Tj ET Q q 0 0 0 rg BT 152.30 436.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 198.09 436.65 Td (measure ) Tj ET Q q 0 0 0 rg BT 239.98 436.65 Td (as ) Tj ET Q q 0 0 0 rg BT 253.53 436.65 Td (it ) Tj ET Q q 0 0 0 rg BT 261.51 436.65 Td (represents ) Tj ET Q q 0 0 0 rg BT 311.75 436.65 Td (the ) Tj ET Q q 0 0 0 rg BT 328.63 436.65 Td (cash ) Tj ET Q q 0 0 0 rg BT 352.74 436.65 Td (generated ) Tj ET Q q 0 0 0 rg BT 400.76 436.65 Td (during ) Tj ET Q q 0 0 0 rg BT 431.54 436.65 Td (the ) Tj ET Q q 0 0 0 rg BT 448.43 436.65 Td (period, ) Tj ET Q q 0 0 0 rg BT 481.99 436.65 Td (regardless ) Tj ET Q q 0 0 0 rg BT 531.66 436.65 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 422.85 Td (the ) Tj ET Q q 0 0 0 rg BT 88.49 422.85 Td (timing ) Tj ET Q q 0 0 0 rg BT 117.76 422.85 Td (of ) Tj ET Q q 0 0 0 rg BT 128.69 422.85 Td (collection ) Tj ET Q q 0 0 0 rg BT 172.97 422.85 Td (of ) Tj ET Q q 0 0 0 rg BT 183.90 422.85 Td (receivables ) Tj ET Q q 0 0 0 rg BT 237.07 422.85 Td (and ) Tj ET Q q 0 0 0 rg BT 256.35 422.85 Td (payment ) Tj ET Q q 0 0 0 rg BT 297.30 422.85 Td (of ) Tj ET Q q 0 0 0 rg BT 308.23 422.85 Td (payables. ) Tj ET Q q 0 0 0 rg BT 353.63 422.85 Td (Funds ) Tj ET Q q 0 0 0 rg BT 384.01 422.85 Td (flow ) Tj ET Q q 0 0 0 rg BT 404.38 422.85 Td (from ) Tj ET Q q 0 0 0 rg BT 426.98 422.85 Td (operations ) Tj ET Q q 0 0 0 rg BT 476.27 422.85 Td (represents ) Tj ET Q q 0 0 0 rg BT 526.10 422.85 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 409.05 Td (cash ) Tj ET Q q 0 0 0 rg BT 96.06 409.05 Td (flow ) Tj ET Q q 0 0 0 rg BT 116.78 409.05 Td (from ) Tj ET Q q 0 0 0 rg BT 139.71 409.05 Td (continuing ) Tj ET Q q 0 0 0 rg BT 188.24 409.05 Td (operations, ) Tj ET Q q 0 0 0 rg BT 240.65 409.05 Td (excluding ) Tj ET Q q 0 0 0 rg BT 285.84 409.05 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 329.91 409.05 Td (items. ) Tj ET Q q 0 0 0 rg BT 359.52 409.05 Td (Funds ) Tj ET Q q 0 0 0 rg BT 390.25 409.05 Td (flow ) Tj ET Q q 0 0 0 rg BT 410.96 409.05 Td (from ) Tj ET Q q 0 0 0 rg BT 433.90 409.05 Td (operations ) Tj ET Q q 0 0 0 rg BT 483.54 409.05 Td (is ) Tj ET Q q 0 0 0 rg BT 493.69 409.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 529.44 409.05 Td (as ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 395.25 Td (net ) Tj ET Q q 0 0 0 rg BT 90.79 395.25 Td (income ) Tj ET Q q 0 0 0 rg BT 127.91 395.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 170.60 395.25 Td (for ) Tj ET Q q 0 0 0 rg BT 187.15 395.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 246.52 395.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.09 395.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 327.44 395.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 372.91 395.25 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 418.94 395.25 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 477.74 395.25 Td (compensation ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 381.45 Td (expense, ) Tj ET Q q 0 0 0 rg BT 115.36 381.45 Td (deferred ) Tj ET Q q 0 0 0 rg BT 155.39 381.45 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 184.85 381.45 Td (and ) Tj ET Q q 0 0 0 rg BT 204.31 381.45 Td (other ) Tj ET Q q 0 0 0 rg BT 229.88 381.45 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 273.80 381.45 Td (items ) Tj ET Q q 0 0 0 rg BT 300.47 381.45 Td (impacting ) Tj ET Q q 0 0 0 rg BT 346.04 381.45 Td (operations.) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 358.05 Td (Cash from operating activities) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 341.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 99.05 341.25 Td (from ) Tj ET Q q 0 0 0 rg BT 122.75 341.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 168.15 341.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 210.20 341.25 Td (is ) Tj ET Q q 0 0 0 rg BT 221.13 341.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 257.64 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 271.90 341.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 300.07 341.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 321.56 341.25 Td (from ) Tj ET Q q 0 0 0 rg BT 345.26 341.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.66 341.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 437.18 341.25 Td (for ) Tj ET Q q 0 0 0 rg BT 452.55 341.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 494.06 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.55 341.25 Td (working ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 327.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 103.68 327.45 Td (items.) Tj ET Q BT /F4 16.00 Tf ET q 0 0 0 rg BT 72.00 299.25 Td (Non-IFRS Financial Measures) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 282.45 Td (These ) Tj ET Q q 0 0 0 rg BT 103.30 282.45 Td (definitions ) Tj ET Q q 0 0 0 rg BT 151.83 282.45 Td (are ) Tj ET Q q 0 0 0 rg BT 169.79 282.45 Td (not ) Tj ET Q q 0 0 0 rg BT 187.19 282.45 Td (recognized ) Tj ET Q q 0 0 0 rg BT 239.62 282.45 Td (measures ) Tj ET Q q 0 0 0 rg BT 287.03 282.45 Td (under ) Tj ET Q q 0 0 0 rg BT 316.11 282.45 Td (IFRS, ) Tj ET Q q 0 0 0 rg BT 345.17 282.45 Td (and ) Tj ET Q q 0 0 0 rg BT 365.36 282.45 Td (accordingly) Tj ET Q q 0 0 0 rg BT 415.20 282.45 Td (, ) Tj ET Q q 0 0 0 rg BT 421.48 282.45 Td (may ) Tj ET Q q 0 0 0 rg BT 443.87 282.45 Td (not ) Tj ET Q q 0 0 0 rg BT 461.28 282.45 Td (be ) Tj ET Q q 0 0 0 rg BT 475.91 282.45 Td (comparable ) Tj ET Q q 0 0 0 rg BT 531.66 282.45 Td (to ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 268.65 Td (measures ) Tj ET Q q 0 0 0 rg BT 118.00 268.65 Td (used ) Tj ET Q q 0 0 0 rg BT 141.78 268.65 Td (by ) Tj ET Q q 0 0 0 rg BT 154.44 268.65 Td (other ) Tj ET Q q 0 0 0 rg BT 179.32 268.65 Td (companies. ) Tj ET Q q 0 0 0 rg BT 232.42 268.65 Td (These ) Tj ET Q q 0 0 0 rg BT 262.31 268.65 Td (Non-IFRS ) Tj ET Q q 0 0 0 rg BT 308.86 268.65 Td (measures ) Tj ET Q q 0 0 0 rg BT 354.86 268.65 Td (provide ) Tj ET Q q 0 0 0 rg BT 389.75 268.65 Td (readers ) Tj ET Q q 0 0 0 rg BT 425.75 268.65 Td (with ) Tj ET Q q 0 0 0 rg BT 445.63 268.65 Td (additional ) Tj ET Q q 0 0 0 rg BT 490.54 268.65 Td (information ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 254.85 Td (regarding ) Tj ET Q q 0 0 0 rg BT 115.71 254.85 Td (the ) Tj ET Q q 0 0 0 rg BT 131.07 254.85 Td (Company's ) Tj ET Q q 0 0 0 rg BT 182.24 254.85 Td (ability ) Tj ET Q q 0 0 0 rg BT 209.27 254.85 Td (to ) Tj ET Q q 0 0 0 rg BT 219.07 254.85 Td (generate ) Tj ET Q q 0 0 0 rg BT 260.01 254.85 Td (funds ) Tj ET Q q 0 0 0 rg BT 285.93 254.85 Td (to ) Tj ET Q q 0 0 0 rg BT 295.73 254.85 Td (finance ) Tj ET Q q 0 0 0 rg BT 329.44 254.85 Td (its ) Tj ET Q q 0 0 0 rg BT 340.90 254.85 Td (operations, ) Tj ET Q q 0 0 0 rg BT 391.84 254.85 Td (fund ) Tj ET Q q 0 0 0 rg BT 412.76 254.85 Td (its ) Tj ET Q q 0 0 0 rg BT 424.22 254.85 Td (research ) Tj ET Q q 0 0 0 rg BT 464.59 254.85 Td (and ) Tj ET Q q 0 0 0 rg BT 482.74 254.85 Td (development ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 241.05 Td (and ) Tj ET Q q 0 0 0 rg BT 91.46 241.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 123.15 241.05 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 178.19 241.05 Td (program, ) Tj ET Q q 0 0 0 rg BT 220.98 241.05 Td (and ) Tj ET Q q 0 0 0 rg BT 240.44 241.05 Td (pay ) Tj ET Q q 0 0 0 rg BT 259.34 241.05 Td (dividends. ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 217.65 Td (Revenue per EDR Day) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 200.85 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 115.10 200.85 Td (per ) Tj ET Q q 0 0 0 rg BT 132.62 200.85 Td (EDR ) Tj ET Q q 0 0 0 rg BT 156.81 200.85 Td (day ) Tj ET Q q 0 0 0 rg BT 176.00 200.85 Td (is ) Tj ET Q q 0 0 0 rg BT 186.29 200.85 Td (defined ) Tj ET Q q 0 0 0 rg BT 222.17 200.85 Td (as ) Tj ET Q q 0 0 0 rg BT 235.80 200.85 Td (the ) Tj ET Q q 0 0 0 rg BT 252.77 200.85 Td (daily ) Tj ET Q q 0 0 0 rg BT 276.41 200.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 315.61 200.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 363.72 200.85 Td (from ) Tj ET Q q 0 0 0 rg BT 386.79 200.85 Td (all ) Tj ET Q q 0 0 0 rg BT 399.87 200.85 Td (products ) Tj ET Q q 0 0 0 rg BT 441.29 200.85 Td (that ) Tj ET Q q 0 0 0 rg BT 461.04 200.85 Td (the ) Tj ET Q q 0 0 0 rg BT 478.01 200.85 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.88 200.85 Td (has ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 187.05 Td (on ) Tj ET Q q 0 0 0 rg BT 85.72 187.05 Td (rent ) Tj ET Q q 0 0 0 rg BT 105.54 187.05 Td (on ) Tj ET Q q 0 0 0 rg BT 119.25 187.05 Td (a ) Tj ET Q q 0 0 0 rg BT 127.41 187.05 Td (drilling ) Tj ET Q q 0 0 0 rg BT 158.90 187.05 Td (rig ) Tj ET Q q 0 0 0 rg BT 172.61 187.05 Td (that ) Tj ET Q q 0 0 0 rg BT 191.88 187.05 Td (has ) Tj ET Q q 0 0 0 rg BT 210.59 187.05 Td (the ) Tj ET Q q 0 0 0 rg BT 227.09 187.05 Td (Company) Tj ET Q q 0 0 0 rg BT 271.93 187.05 Td (s ) Tj ET Q q 0 0 0 rg BT 279.52 187.05 Td (base ) Tj ET Q q 0 0 0 rg BT 303.80 187.05 Td (EDR ) Tj ET Q q 0 0 0 rg BT 327.50 187.05 Td (installed. ) Tj ET Q q 0 0 0 rg BT 369.39 187.05 Td (This ) Tj ET Q q 0 0 0 rg BT 390.88 187.05 Td (metric ) Tj ET Q q 0 0 0 rg BT 420.69 187.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 461.08 187.05 Td (a ) Tj ET Q q 0 0 0 rg BT 469.24 187.05 Td (key ) Tj ET Q q 0 0 0 rg BT 487.39 187.05 Td (measure ) Tj ET Q q 0 0 0 rg BT 528.89 187.05 Td (on ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 173.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 173.25 Td (Company) Tj ET Q q 0 0 0 rg BT 133.52 173.25 Td (s ) Tj ET Q q 0 0 0 rg BT 141.30 173.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 169.64 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.76 173.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 221.34 173.25 Td (production ) Tj ET Q q 0 0 0 rg BT 270.81 173.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 311.96 173.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.42 173.25 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 372.01 173.25 Td (product ) Tj ET Q q 0 0 0 rg BT 408.14 173.25 Td (pricing. ) Tj ET Q q 0 0 0 rg BT 443.16 173.25 Td () Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 149.85 Td (EBITDA) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 133.05 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 107.57 133.05 Td ( ) Tj ET Q q 0 0 0 rg BT 112.10 133.05 Td ( ) Tj ET Q q 0 0 0 rg BT 116.63 133.05 Td (is ) Tj ET Q q 0 0 0 rg BT 128.38 133.05 Td (defined ) Tj ET Q q 0 0 0 rg BT 165.71 133.05 Td (as ) Tj ET Q q 0 0 0 rg BT 180.80 133.05 Td (net ) Tj ET Q q 0 0 0 rg BT 199.23 133.05 Td (income ) Tj ET Q q 0 0 0 rg BT 236.00 133.05 Td (before ) Tj ET Q q 0 0 0 rg BT 268.88 133.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.21 133.05 Td (expense, ) Tj ET Q q 0 0 0 rg BT 351.32 133.05 Td (income ) Tj ET Q q 0 0 0 rg BT 388.09 133.05 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 419.30 133.05 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 477.74 133.05 Td (compensation ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 119.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 115.36 119.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 172.63 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.09 119.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 249.33 119.25 Td (expense, ) Tj ET Q q 0 0 0 rg BT 292.70 119.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.16 119.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 338.85 119.25 Td (on ) Tj ET Q q 0 0 0 rg BT 352.75 119.25 Td (disposal ) Tj ET Q q 0 0 0 rg BT 392.21 119.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.33 119.25 Td (investments. ) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (6 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 711.30 Td (Adjusted EBITDA) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 694.50 Td (Adjusted ) Tj ET Q q 0 0 0 rg BT 113.79 694.50 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 149.35 694.50 Td ( ) Tj ET Q q 0 0 0 rg BT 152.22 694.50 Td (is ) Tj ET Q q 0 0 0 rg BT 162.31 694.50 Td (defined ) Tj ET Q q 0 0 0 rg BT 197.99 694.50 Td (as ) Tj ET Q q 0 0 0 rg BT 211.42 694.50 Td (EBITDA, ) Tj ET Q q 0 0 0 rg BT 253.18 694.50 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 293.86 694.50 Td (for ) Tj ET Q q 0 0 0 rg BT 308.40 694.50 Td (foreign ) Tj ET Q q 0 0 0 rg BT 341.85 694.50 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 390.86 694.50 Td (impairment ) Tj ET Q q 0 0 0 rg BT 443.19 694.50 Td (of ) Tj ET Q q 0 0 0 rg BT 454.40 694.50 Td (property) Tj ET Q q 0 0 0 rg BT 490.34 694.50 Td (, ) Tj ET Q q 0 0 0 rg BT 495.99 694.50 Td (plant, ) Tj ET Q q 0 0 0 rg BT 523.32 694.50 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 680.70 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 124.36 680.70 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 182.82 680.70 Td (costs, ) Tj ET Q q 0 0 0 rg BT 211.82 680.70 Td (and ) Tj ET Q q 0 0 0 rg BT 231.38 680.70 Td (other ) Tj ET Q q 0 0 0 rg BT 257.06 680.70 Td (items ) Tj ET Q q 0 0 0 rg BT 283.83 680.70 Td (which ) Tj ET Q q 0 0 0 rg BT 312.28 680.70 Td (the ) Tj ET Q q 0 0 0 rg BT 329.06 680.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 374.74 680.70 Td (does ) Tj ET Q q 0 0 0 rg BT 399.30 680.70 Td (not ) Tj ET Q q 0 0 0 rg BT 416.09 680.70 Td (consider ) Tj ET Q q 0 0 0 rg BT 456.77 680.70 Td (to ) Tj ET Q q 0 0 0 rg BT 467.99 680.70 Td (be ) Tj ET Q q 0 0 0 rg BT 481.99 680.70 Td (in ) Tj ET Q q 0 0 0 rg BT 492.66 680.70 Td (the ) Tj ET Q q 0 0 0 rg BT 509.44 680.70 Td (normal ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 666.90 Td (course ) Tj ET Q q 0 0 0 rg BT 104.79 666.90 Td (of ) Tj ET Q q 0 0 0 rg BT 115.91 666.90 Td (continuing ) Tj ET Q q 0 0 0 rg BT 164.28 666.90 Td (operations. ) Tj ET Q q 0 0 0 rg BT 216.54 666.90 Td ( ) Tj ET Q BT /F4 12.00 Tf ET q 0 0 0 rg BT 72.00 643.50 Td (Free cash flow) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 626.70 Td (Free ) Tj ET Q q 0 0 0 rg BT 94.99 626.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.54 626.70 Td (flow ) Tj ET Q q 0 0 0 rg BT 138.75 626.70 Td (is ) Tj ET Q q 0 0 0 rg BT 148.40 626.70 Td (defined ) Tj ET Q q 0 0 0 rg BT 183.64 626.70 Td (as ) Tj ET Q q 0 0 0 rg BT 196.63 626.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 220.18 626.70 Td (from ) Tj ET Q q 0 0 0 rg BT 242.61 626.70 Td (operating ) Tj ET Q q 0 0 0 rg BT 286.73 626.70 Td (activities ) Tj ET Q q 0 0 0 rg BT 327.51 626.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 348.28 626.70 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 391.85 626.70 Td (on ) Tj ET Q q 0 0 0 rg BT 405.40 626.70 Td (disposal ) Tj ET Q q 0 0 0 rg BT 444.52 626.70 Td (of ) Tj ET Q q 0 0 0 rg BT 455.28 626.70 Td (property) Tj ET Q q 0 0 0 rg BT 491.23 626.70 Td (, ) Tj ET Q q 0 0 0 rg BT 496.43 626.70 Td (plant, ) Tj ET Q q 0 0 0 rg BT 523.32 626.70 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 612.90 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 124.26 612.90 Td (less ) Tj ET Q q 0 0 0 rg BT 144.82 612.90 Td (capital ) Tj ET Q q 0 0 0 rg BT 176.50 612.90 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 239.32 612.90 Td (and ) Tj ET Q q 0 0 0 rg BT 258.78 612.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 298.81 612.90 Td (development ) Tj ET Q q 0 0 0 rg BT 358.85 612.90 Td (costs.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (7 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F4 16.00 Tf ET q 0 0 0 rg BT 72.00 708.40 Td (Overall Performance) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 683.9 m 352.5 683.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 683.9 m 417.5 683.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 683.9 m 482.5 683.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 683.9 m 532.5 683.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 575.9 m 352.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 575.9 m 417.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 575.9 m 482.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 575.9 m 352.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 563.9 m 352.5 563.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 575.9 m 417.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 563.9 m 417.5 563.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 575.9 m 482.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 563.9 m 482.5 563.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 575.9 m 532.5 575.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 563.9 m 532.5 563.9 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 688.13 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 396.20 688.13 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 461.20 688.13 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 500.95 688.13 Td (Change) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 75.00 676.10 Td (\(000s\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 405.40 675.90 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 470.40 675.90 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 518.10 675.90 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 663.58 Td (Revenue) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 651.58 Td (Electronic Drilling Recorder) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 389.80 651.63 Td (25,656) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.80 651.63 Td (19,155) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 651.58 Td (34) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 639.58 Td (Pit Volume Totalizer/ePVT) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 639.63 Td (8,576) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 639.63 Td (6,356) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 639.58 Td (35) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 627.58 Td (Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 627.63 Td (6,923) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 627.63 Td (4,331) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 627.58 Td (60) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 615.58 Td (Software) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 615.63 Td (5,016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 615.63 Td (3,131) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 615.58 Td (60) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 604.88 Td (AutoDriller) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 603.63 Td (3,829) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 603.63 Td (2,766) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 603.58 Td (38) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 592.88 Td (Gas Analyzer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 591.63 Td (4,612) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 591.63 Td (3,624) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 591.58 Td (27) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 579.58 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 579.63 Td (4,437) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 579.63 Td (6,450) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 517.70 579.63 Td (\(31) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 579.58 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 567.58 Td (Total revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 389.80 567.63 Td (59,049) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.80 567.63 Td (45,813) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 567.58 Td (29) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 535.60 Td (Electronic ) Tj ET Q q 0 0 0 rg BT 118.70 535.60 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 152.05 535.60 Td (Recorder ) Tj ET Q q 0 0 0 rg BT 195.98 535.60 Td (\(EDR\) ) Tj ET Q q 0 0 0 rg BT 226.54 535.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.02 535.60 Td (Pit ) Tj ET Q q 0 0 0 rg BT 260.48 535.60 Td (V) Tj ET Q q 0 0 0 rg BT 266.60 535.60 Td (olume ) Tj ET Q q 0 0 0 rg BT 296.45 535.60 Td (T) Tj ET Q q 0 0 0 rg BT 301.45 535.60 Td (otalizer ) Tj ET Q q 0 0 0 rg BT 336.48 535.60 Td (\(PVT\) ) Tj ET Q q 0 0 0 rg BT 365.38 535.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 393.19 535.60 Td (day ) Tj ET Q q 0 0 0 rg BT 412.11 535.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 471.04 535.60 Td (for ) Tj ET Q q 0 0 0 rg BT 485.50 535.60 Td (Canada ) Tj ET Q q 0 0 0 rg BT 523.32 535.60 Td (and ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 521.80 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 521.80 Td (United ) Tj ET Q q 0 0 0 rg BT 120.36 521.80 Td (States ) Tj ET Q q 0 0 0 rg BT 151.49 521.80 Td (is ) Tj ET Q q 0 0 0 rg BT 161.49 521.80 Td (reported ) Tj ET Q q 0 0 0 rg BT 201.52 521.80 Td (below:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 494.3 m 355.5 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 494.3 m 420.5 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 494.3 m 485.5 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 494.3 m 535.5 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 494.3 m 355.5 494.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 480.3 m 355.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 480.3 m 420.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 480.3 m 485.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 480.3 m 535.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 480.3 m 420.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 480.3 m 485.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 480.3 m 535.5 480.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 444.3 m 355.5 444.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 444.3 m 420.5 444.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 444.3 m 485.5 444.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 444.3 m 535.5 444.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 406.3 m 355.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 406.3 m 420.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 406.3 m 485.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 406.3 m 535.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 406.3 m 355.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 392.3 m 355.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 406.3 m 420.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 392.3 m 420.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 406.3 m 485.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 392.3 m 485.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 406.3 m 535.5 406.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 392.3 m 535.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 392.3 m 420.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 392.3 m 485.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 392.3 m 535.5 392.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 356.3 m 355.5 356.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 356.3 m 420.5 356.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 356.3 m 485.5 356.3 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 356.3 m 535.5 356.3 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 289.05 496.98 Td (Canada) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 484.53 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 399.20 484.53 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 464.20 484.53 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 503.95 484.53 Td (Change) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 408.10 472.50 Td (#) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 473.10 472.50 Td (#) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 521.10 472.30 Td (\(%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 459.98 Td (EDR rental days) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.80 460.03 Td (23,800) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 457.80 460.03 Td (15,000) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 459.98 Td (59) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 447.98 Td (PVT rental days) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.80 448.03 Td (21,800) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 457.80 448.03 Td (14,000) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 447.98 Td (56) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 276.90 408.98 Td (United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 396.53 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 399.20 396.53 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 464.20 396.53 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 503.95 396.53 Td (Change) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 408.10 384.50 Td (#) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 473.10 384.50 Td (#) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 521.10 384.30 Td (\(%\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 371.98 Td (EDR rental days) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.80 372.03 Td (35,300) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 457.80 372.03 Td (25,200) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 371.98 Td (40) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 359.98 Td (PVT rental days) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.80 360.03 Td (27,800) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 457.80 360.03 Td (19,000) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 359.98 Td (46) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 307.50 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 307.50 Td (Pason ) Tj ET Q q 0 0 0 rg BT 123.14 307.50 Td (EDR ) Tj ET Q q 0 0 0 rg BT 147.03 307.50 Td (remains ) Tj ET Q q 0 0 0 rg BT 185.37 307.50 Td (the ) Tj ET Q q 0 0 0 rg BT 202.05 307.50 Td (Company's ) Tj ET Q q 0 0 0 rg BT 254.54 307.50 Td (primary ) Tj ET Q q 0 0 0 rg BT 290.65 307.50 Td (product. ) Tj ET Q q 0 0 0 rg BT 329.38 307.50 Td (The ) Tj ET Q q 0 0 0 rg BT 349.38 307.50 Td (EDR ) Tj ET Q q 0 0 0 rg BT 373.27 307.50 Td (provides ) Tj ET Q q 0 0 0 rg BT 413.85 307.50 Td (a ) Tj ET Q q 0 0 0 rg BT 422.19 307.50 Td (complete ) Tj ET Q q 0 0 0 rg BT 465.54 307.50 Td (system ) Tj ET Q q 0 0 0 rg BT 499.99 307.50 Td (of ) Tj ET Q q 0 0 0 rg BT 511.10 307.50 Td (drilling ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 293.70 Td (data ) Tj ET Q q 0 0 0 rg BT 92.98 293.70 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 144.52 293.70 Td (data ) Tj ET Q q 0 0 0 rg BT 165.50 293.70 Td (networking, ) Tj ET Q q 0 0 0 rg BT 218.15 293.70 Td (and ) Tj ET Q q 0 0 0 rg BT 236.35 293.70 Td (drilling ) Tj ET Q q 0 0 0 rg BT 266.77 293.70 Td (management ) Tj ET Q q 0 0 0 rg BT 326.65 293.70 Td (tools ) Tj ET Q q 0 0 0 rg BT 349.29 293.70 Td (and ) Tj ET Q q 0 0 0 rg BT 367.49 293.70 Td (reports ) Tj ET Q q 0 0 0 rg BT 400.13 293.70 Td (at ) Tj ET Q q 0 0 0 rg BT 409.98 293.70 Td (both ) Tj ET Q q 0 0 0 rg BT 430.96 293.70 Td (the ) Tj ET Q q 0 0 0 rg BT 446.38 293.70 Td (wellsite ) Tj ET Q q 0 0 0 rg BT 480.68 293.70 Td (and ) Tj ET Q q 0 0 0 rg BT 498.88 293.70 Td (customer ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 279.90 Td (of) Tj ET Q q 0 0 0 rg BT 80.16 279.90 Td (fices. ) Tj ET Q q 0 0 0 rg BT 106.38 279.90 Td (The ) Tj ET Q q 0 0 0 rg BT 126.69 279.90 Td (EDR ) Tj ET Q q 0 0 0 rg BT 150.89 279.90 Td (is ) Tj ET Q q 0 0 0 rg BT 161.19 279.90 Td (the ) Tj ET Q q 0 0 0 rg BT 178.17 279.90 Td (base ) Tj ET Q q 0 0 0 rg BT 202.94 279.90 Td (product ) Tj ET Q q 0 0 0 rg BT 239.37 279.90 Td (from ) Tj ET Q q 0 0 0 rg BT 262.45 279.90 Td (which ) Tj ET Q q 0 0 0 rg BT 291.10 279.90 Td (all ) Tj ET Q q 0 0 0 rg BT 304.19 279.90 Td (other ) Tj ET Q q 0 0 0 rg BT 330.06 279.90 Td (wellsite ) Tj ET Q q 0 0 0 rg BT 365.93 279.90 Td (instrumentation ) Tj ET Q q 0 0 0 rg BT 437.38 279.90 Td (products ) Tj ET Q q 0 0 0 rg BT 478.82 279.90 Td (are ) Tj ET Q q 0 0 0 rg BT 496.35 279.90 Td (linked. ) Tj ET Q q 0 0 0 rg BT 528.34 279.90 Td (By ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 266.10 Td (linking ) Tj ET Q q 0 0 0 rg BT 102.22 266.10 Td (these ) Tj ET Q q 0 0 0 rg BT 128.56 266.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 171.57 266.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.01 266.10 Td (number ) Tj ET Q q 0 0 0 rg BT 214.79 266.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.00 266.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 269.68 266.10 Td (redundant ) Tj ET Q q 0 0 0 rg BT 316.59 266.10 Td (elements ) Tj ET Q q 0 0 0 rg BT 359.04 266.10 Td (such ) Tj ET Q q 0 0 0 rg BT 382.04 266.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.48 266.10 Td (data ) Tj ET Q q 0 0 0 rg BT 415.81 266.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 468.83 266.10 Td (display) Tj ET Q q 0 0 0 rg BT 499.21 266.10 Td (, ) Tj ET Q q 0 0 0 rg BT 503.87 266.10 Td (storage, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 252.30 Td (and ) Tj ET Q q 0 0 0 rg BT 91.12 252.30 Td (networking ) Tj ET Q q 0 0 0 rg BT 141.91 252.30 Td (are ) Tj ET Q q 0 0 0 rg BT 158.79 252.30 Td (eliminated. ) Tj ET Q q 0 0 0 rg BT 209.43 252.30 Td (This ) Tj ET Q q 0 0 0 rg BT 230.75 252.30 Td (ensures ) Tj ET Q q 0 0 0 rg BT 268.76 252.30 Td (greater ) Tj ET Q q 0 0 0 rg BT 302.88 252.30 Td (reliability ) Tj ET Q q 0 0 0 rg BT 344.21 252.30 Td (and ) Tj ET Q q 0 0 0 rg BT 363.33 252.30 Td (a ) Tj ET Q q 0 0 0 rg BT 371.32 252.30 Td (more ) Tj ET Q q 0 0 0 rg BT 396.54 252.30 Td (robust ) Tj ET Q q 0 0 0 rg BT 426.77 252.30 Td (system ) Tj ET Q q 0 0 0 rg BT 460.87 252.30 Td (of ) Tj ET Q q 0 0 0 rg BT 471.64 252.30 Td (instrumentation ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 238.50 Td (for ) Tj ET Q q 0 0 0 rg BT 86.45 238.50 Td (the ) Tj ET Q q 0 0 0 rg BT 103.13 238.50 Td (customer) Tj ET Q q 0 0 0 rg BT 143.70 238.50 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 218.70 Td (T) Tj ET Q q 0 0 0 rg BT 77.00 218.70 Td (otal ) Tj ET Q q 0 0 0 rg BT 96.26 218.70 Td (revenue ) Tj ET Q q 0 0 0 rg BT 135.53 218.70 Td (for ) Tj ET Q q 0 0 0 rg BT 150.33 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 167.37 218.70 Td (three ) Tj ET Q q 0 0 0 rg BT 193.29 218.70 Td (months ) Tj ET Q q 0 0 0 rg BT 229.22 218.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 260.16 218.70 Td (March ) Tj ET Q q 0 0 0 rg BT 291.08 218.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 308.11 218.70 Td (2017, ) Tj ET Q q 0 0 0 rg BT 336.27 218.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 382.77 218.70 Td (29% ) Tj ET Q q 0 0 0 rg BT 405.91 218.70 Td (over ) Tj ET Q q 0 0 0 rg BT 428.50 218.70 Td (the ) Tj ET Q q 0 0 0 rg BT 445.54 218.70 Td (same ) Tj ET Q q 0 0 0 rg BT 473.12 218.70 Td (period ) Tj ET Q q 0 0 0 rg BT 504.05 218.70 Td (in ) Tj ET Q q 0 0 0 rg BT 514.97 218.70 Td (2016. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 204.90 Td (This ) Tj ET Q q 0 0 0 rg BT 92.60 204.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 132.10 204.90 Td (is ) Tj ET Q q 0 0 0 rg BT 141.03 204.90 Td (attributable ) Tj ET Q q 0 0 0 rg BT 192.21 204.90 Td (to ) Tj ET Q q 0 0 0 rg BT 202.26 204.90 Td (an ) Tj ET Q q 0 0 0 rg BT 215.09 204.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 254.60 204.90 Td (in ) Tj ET Q q 0 0 0 rg BT 264.08 204.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 294.69 204.90 Td (activity ) Tj ET Q q 0 0 0 rg BT 326.96 204.90 Td (in ) Tj ET Q q 0 0 0 rg BT 336.45 204.90 Td (the ) Tj ET Q q 0 0 0 rg BT 352.06 204.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 403.47 204.90 Td (major ) Tj ET Q q 0 0 0 rg BT 430.18 204.90 Td (North ) Tj ET Q q 0 0 0 rg BT 456.00 204.90 Td (American ) Tj ET Q q 0 0 0 rg BT 499.95 204.90 Td ( ) Tj ET Q q 0 0 0 rg BT 501.65 204.90 Td (markets, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 191.10 Td (of) Tj ET Q q 0 0 0 rg BT 80.16 191.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 99.06 191.10 Td (by ) Tj ET Q q 0 0 0 rg BT 112.40 191.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.74 191.10 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 184.11 191.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 229.71 191.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 256.94 191.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 291.96 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.07 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.75 191.10 Td (US ) Tj ET Q q 0 0 0 rg BT 336.42 191.10 Td (dollar) Tj ET Q q 0 0 0 rg BT 360.33 191.10 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 171.30 Td (Industry ) Tj ET Q q 0 0 0 rg BT 110.05 171.30 Td (activity ) Tj ET Q q 0 0 0 rg BT 143.10 171.30 Td (in ) Tj ET Q q 0 0 0 rg BT 153.36 171.30 Td (the ) Tj ET Q q 0 0 0 rg BT 169.75 171.30 Td (US ) Tj ET Q q 0 0 0 rg BT 186.12 171.30 Td (market ) Tj ET Q q 0 0 0 rg BT 219.17 171.30 Td (increased ) Tj ET Q q 0 0 0 rg BT 265.01 171.30 Td (31% ) Tj ET Q q 0 0 0 rg BT 287.50 171.30 Td (in ) Tj ET Q q 0 0 0 rg BT 297.77 171.30 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 314.15 171.30 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 330.26 171.30 Td ( ) Tj ET Q q 0 0 0 rg BT 332.74 171.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 366.91 171.30 Td (of ) Tj ET Q q 0 0 0 rg BT 377.73 171.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 402.46 171.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 449.41 171.30 Td (to ) Tj ET Q q 0 0 0 rg BT 460.23 171.30 Td (the ) Tj ET Q q 0 0 0 rg BT 476.62 171.30 Td (corresponding ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 157.50 Td (period ) Tj ET Q q 0 0 0 rg BT 102.20 157.50 Td (in ) Tj ET Q q 0 0 0 rg BT 112.39 157.50 Td (2016, ) Tj ET Q q 0 0 0 rg BT 139.83 157.50 Td (while ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 165.02 157.50 Td (first ) Tj ET Q q 0 0 0 rg BT 183.54 157.50 Td (quarter) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 215.22 157.50 Td ( ) Tj ET Q q 0 0 0 rg BT 217.63 157.50 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 262.85 157.50 Td (rig ) Tj ET Q q 0 0 0 rg BT 276.37 157.50 Td (activity ) Tj ET Q q 0 0 0 rg BT 309.33 157.50 Td (increased ) Tj ET Q q 0 0 0 rg BT 355.10 157.50 Td (80%. ) Tj ET Q q 0 0 0 rg BT 380.30 157.50 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 425.52 157.50 Td (EDR ) Tj ET Q q 0 0 0 rg BT 449.04 157.50 Td (days, ) Tj ET Q q 0 0 0 rg BT 475.35 157.50 Td (which ) Tj ET Q q 0 0 0 rg BT 503.32 157.50 Td (includes ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 143.70 Td (some ) Tj ET Q q 0 0 0 rg BT 99.01 143.70 Td (non-oil ) Tj ET Q q 0 0 0 rg BT 131.59 143.70 Td (and ) Tj ET Q q 0 0 0 rg BT 150.84 143.70 Td (gas-related ) Tj ET Q q 0 0 0 rg BT 203.43 143.70 Td (activity) Tj ET Q q 0 0 0 rg BT 233.25 143.70 Td (, ) Tj ET Q q 0 0 0 rg BT 238.58 143.70 Td (increased ) Tj ET Q q 0 0 0 rg BT 284.50 143.70 Td (59% ) Tj ET Q q 0 0 0 rg BT 307.08 143.70 Td (in ) Tj ET Q q 0 0 0 rg BT 317.42 143.70 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 333.88 143.70 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 349.99 143.70 Td ( ) Tj ET Q q 0 0 0 rg BT 352.55 143.70 Td (quarter ) Tj ET Q q 0 0 0 rg BT 386.80 143.70 Td (of ) Tj ET Q q 0 0 0 rg BT 397.70 143.70 Td (2017 ) Tj ET Q q 0 0 0 rg BT 422.50 143.70 Td (from ) Tj ET Q q 0 0 0 rg BT 445.06 143.70 Td (2016 ) Tj ET Q q 0 0 0 rg BT 469.87 143.70 Td (levels, ) Tj ET Q q 0 0 0 rg BT 500.77 143.70 Td (while ) Tj ET Q q 0 0 0 rg BT 526.12 143.70 Td (US ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 129.90 Td (EDR ) Tj ET Q q 0 0 0 rg BT 95.89 129.90 Td (days ) Tj ET Q q 0 0 0 rg BT 119.79 129.90 Td (increased ) Tj ET Q q 0 0 0 rg BT 165.93 129.90 Td (by ) Tj ET Q q 0 0 0 rg BT 179.27 129.90 Td (40% ) Tj ET Q q 0 0 0 rg BT 202.06 129.90 Td (from ) Tj ET Q q 0 0 0 rg BT 224.84 129.90 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 241.52 129.90 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 257.63 129.90 Td ( ) Tj ET Q q 0 0 0 rg BT 260.41 129.90 Td (quarter ) Tj ET Q q 0 0 0 rg BT 294.87 129.90 Td (of ) Tj ET Q q 0 0 0 rg BT 305.99 129.90 Td (2016. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 110.10 Td (For ) Tj ET Q q 0 0 0 rg BT 90.05 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.01 110.10 Td (three ) Tj ET Q q 0 0 0 rg BT 132.86 110.10 Td (months ) Tj ET Q q 0 0 0 rg BT 168.70 110.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 199.56 110.10 Td (March ) Tj ET Q q 0 0 0 rg BT 230.40 110.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.36 110.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 275.43 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.39 110.10 Td (Pason ) Tj ET Q q 0 0 0 rg BT 323.80 110.10 Td (EDR ) Tj ET Q q 0 0 0 rg BT 347.96 110.10 Td (was ) Tj ET Q q 0 0 0 rg BT 368.80 110.10 Td (installed ) Tj ET Q q 0 0 0 rg BT 408.54 110.10 Td (on ) Tj ET Q q 0 0 0 rg BT 422.72 110.10 Td (55% ) Tj ET Q q 0 0 0 rg BT 445.79 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.18 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.14 110.10 Td (land ) Tj ET Q q 0 0 0 rg BT 496.10 110.10 Td (rigs ) Tj ET Q q 0 0 0 rg BT 515.26 110.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.10 110.10 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 96.30 Td (US ) Tj ET Q q 0 0 0 rg BT 88.67 96.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 135.92 96.30 Td (to ) Tj ET Q q 0 0 0 rg BT 147.03 96.30 Td (52% ) Tj ET Q q 0 0 0 rg BT 169.83 96.30 Td (during ) Tj ET Q q 0 0 0 rg BT 200.40 96.30 Td (the ) Tj ET Q q 0 0 0 rg BT 217.08 96.30 Td (same ) Tj ET Q q 0 0 0 rg BT 244.31 96.30 Td (time ) Tj ET Q q 0 0 0 rg BT 265.98 96.30 Td (period ) Tj ET Q q 0 0 0 rg BT 296.56 96.30 Td (in ) Tj ET Q q 0 0 0 rg BT 307.12 96.30 Td (2016. ) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (8 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.82 712.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 137.23 712.75 Td (business ) Tj ET Q q 0 0 0 rg BT 179.29 712.75 Td (unit ) Tj ET Q q 0 0 0 rg BT 198.00 712.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 243.96 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 254.89 712.75 Td (see ) Tj ET Q q 0 0 0 rg BT 273.61 712.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 319.56 712.75 Td (competition ) Tj ET Q q 0 0 0 rg BT 373.29 712.75 Td (from ) Tj ET Q q 0 0 0 rg BT 395.88 712.75 Td (a ) Tj ET Q q 0 0 0 rg BT 404.03 712.75 Td (number ) Tj ET Q q 0 0 0 rg BT 440.53 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 451.46 712.75 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 508.51 712.75 Td (For ) Tj ET Q q 0 0 0 rg BT 526.10 712.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 698.95 Td (three ) Tj ET Q q 0 0 0 rg BT 97.28 698.95 Td (months ) Tj ET Q q 0 0 0 rg BT 132.55 698.95 Td (ended ) Tj ET Q q 0 0 0 rg BT 162.84 698.95 Td (March ) Tj ET Q q 0 0 0 rg BT 193.11 698.95 Td (31, ) Tj ET Q q 0 0 0 rg BT 209.49 698.95 Td (2017, ) Tj ET Q q 0 0 0 rg BT 237.00 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 253.38 698.95 Td (Pason ) Tj ET Q q 0 0 0 rg BT 284.22 698.95 Td (EDR ) Tj ET Q q 0 0 0 rg BT 307.81 698.95 Td (was ) Tj ET Q q 0 0 0 rg BT 328.08 698.95 Td (installed ) Tj ET Q q 0 0 0 rg BT 367.25 698.95 Td (on ) Tj ET Q q 0 0 0 rg BT 380.86 698.95 Td (90% ) Tj ET Q q 0 0 0 rg BT 403.35 698.95 Td (of ) Tj ET Q q 0 0 0 rg BT 414.18 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 430.56 698.95 Td (land ) Tj ET Q q 0 0 0 rg BT 451.95 698.95 Td (rigs ) Tj ET Q q 0 0 0 rg BT 470.54 698.95 Td (in ) Tj ET Q q 0 0 0 rg BT 480.81 698.95 Td (the ) Tj ET Q q 0 0 0 rg BT 497.19 698.95 Td (Canadian ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 685.15 Td (market; ) Tj ET Q q 0 0 0 rg BT 108.67 685.15 Td (for ) Tj ET Q q 0 0 0 rg BT 123.68 685.15 Td (the ) Tj ET Q q 0 0 0 rg BT 140.91 685.15 Td (same ) Tj ET Q q 0 0 0 rg BT 168.70 685.15 Td (period ) Tj ET Q q 0 0 0 rg BT 199.83 685.15 Td (in ) Tj ET Q q 0 0 0 rg BT 210.94 685.15 Td (2016 ) Tj ET Q q 0 0 0 rg BT 236.52 685.15 Td (the ) Tj ET Q q 0 0 0 rg BT 253.76 685.15 Td (number ) Tj ET Q q 0 0 0 rg BT 291.00 685.15 Td (of ) Tj ET Q q 0 0 0 rg BT 302.67 685.15 Td (EDR ) Tj ET Q q 0 0 0 rg BT 327.12 685.15 Td (days ) Tj ET Q q 0 0 0 rg BT 351.57 685.15 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 398.27 685.15 Td (the ) Tj ET Q q 0 0 0 rg BT 415.51 685.15 Td (number ) Tj ET Q q 0 0 0 rg BT 452.75 685.15 Td (of ) Tj ET Q q 0 0 0 rg BT 464.42 685.15 Td (reported ) Tj ET Q q 0 0 0 rg BT 505.00 685.15 Td (industry ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 671.35 Td (days.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 651.55 Td (For ) Tj ET Q q 0 0 0 rg BT 89.28 651.55 Td (the ) Tj ET Q q 0 0 0 rg BT 105.46 651.55 Td (purposes ) Tj ET Q q 0 0 0 rg BT 148.88 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 159.50 651.55 Td (market ) Tj ET Q q 0 0 0 rg BT 192.34 651.55 Td (share, ) Tj ET Q q 0 0 0 rg BT 222.42 651.55 Td (the ) Tj ET Q q 0 0 0 rg BT 238.60 651.55 Td (Company ) Tj ET Q q 0 0 0 rg BT 283.67 651.55 Td (uses ) Tj ET Q q 0 0 0 rg BT 307.08 651.55 Td (the ) Tj ET Q q 0 0 0 rg BT 323.26 651.55 Td (number ) Tj ET Q q 0 0 0 rg BT 359.45 651.55 Td (of ) Tj ET Q q 0 0 0 rg BT 370.07 651.55 Td (EDR ) Tj ET Q q 0 0 0 rg BT 393.46 651.55 Td (days ) Tj ET Q q 0 0 0 rg BT 416.86 651.55 Td (billed ) Tj ET Q q 0 0 0 rg BT 442.49 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 461.46 651.55 Td (oil ) Tj ET Q q 0 0 0 rg BT 473.74 651.55 Td (and ) Tj ET Q q 0 0 0 rg BT 492.71 651.55 Td (gas ) Tj ET Q q 0 0 0 rg BT 511.11 651.55 Td (drilling ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 637.75 Td (days ) Tj ET Q q 0 0 0 rg BT 95.90 637.75 Td (as ) Tj ET Q q 0 0 0 rg BT 109.24 637.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 149.27 637.75 Td (by ) Tj ET Q q 0 0 0 rg BT 162.61 637.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 205.97 637.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 243.76 637.75 Td (sources. ) Tj ET Q q 0 0 0 rg BT 284.33 637.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 617.95 Td (The ) Tj ET Q q 0 0 0 rg BT 92.76 617.95 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 139.10 617.95 Td (market ) Tj ET Q q 0 0 0 rg BT 173.19 617.95 Td (saw ) Tj ET Q q 0 0 0 rg BT 194.50 617.95 Td (an ) Tj ET Q q 0 0 0 rg BT 209.15 617.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 250.48 617.95 Td (in ) Tj ET Q q 0 0 0 rg BT 261.79 617.95 Td (pricing ) Tj ET Q q 0 0 0 rg BT 294.78 617.95 Td (pressure ) Tj ET Q q 0 0 0 rg BT 337.21 617.95 Td (during ) Tj ET Q q 0 0 0 rg BT 368.54 617.95 Td (the ) Tj ET Q q 0 0 0 rg BT 385.97 617.95 Td (first ) Tj ET Q q 0 0 0 rg BT 405.60 617.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 440.82 617.95 Td (of ) Tj ET Q q 0 0 0 rg BT 452.69 617.95 Td (2017 ) Tj ET Q q 0 0 0 rg BT 478.46 617.95 Td (relative ) Tj ET Q q 0 0 0 rg BT 514.22 617.95 Td (to ) Tj ET Q q 0 0 0 rg BT 526.09 617.95 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 604.15 Td (same ) Tj ET Q q 0 0 0 rg BT 99.23 604.15 Td (period ) Tj ET Q q 0 0 0 rg BT 129.81 604.15 Td (in ) Tj ET Q q 0 0 0 rg BT 140.37 604.15 Td (2016. ) Tj ET Q q 0 0 0 rg BT 168.17 604.15 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 584.35 Td (The ) Tj ET Q q 0 0 0 rg BT 91.65 584.35 Td (revenue ) Tj ET Q q 0 0 0 rg BT 130.20 584.35 Td (generated ) Tj ET Q q 0 0 0 rg BT 177.66 584.35 Td (from ) Tj ET Q q 0 0 0 rg BT 200.07 584.35 Td (the ) Tj ET Q q 0 0 0 rg BT 216.39 584.35 Td (Company's ) Tj ET Q q 0 0 0 rg BT 268.51 584.35 Td (other ) Tj ET Q q 0 0 0 rg BT 293.72 584.35 Td (wellsite ) Tj ET Q q 0 0 0 rg BT 328.93 584.35 Td (instrumentation ) Tj ET Q q 0 0 0 rg BT 399.71 584.35 Td (products ) Tj ET Q q 0 0 0 rg BT 440.48 584.35 Td (tracked ) Tj ET Q q 0 0 0 rg BT 475.69 584.35 Td (the ) Tj ET Q q 0 0 0 rg BT 492.01 584.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 532.22 584.35 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 570.55 Td (drilling ) Tj ET Q q 0 0 0 rg BT 103.68 570.55 Td (activity) Tj ET Q q 0 0 0 rg BT 133.50 570.55 Td (. ) Tj ET Q q 0 0 0 rg BT 138.88 570.55 Td (The ) Tj ET Q q 0 0 0 rg BT 158.88 570.55 Td (notable ) Tj ET Q q 0 0 0 rg BT 194.47 570.55 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 245.06 570.55 Td (were:) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 90.00 550.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 550.75 Td (an ) Tj ET Q q 0 0 0 rg BT 121.90 550.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 162.48 550.75 Td (in ) Tj ET Q q 0 0 0 rg BT 173.04 550.75 Td (product ) Tj ET Q q 0 0 0 rg BT 209.17 550.75 Td (adoption ) Tj ET Q q 0 0 0 rg BT 250.32 550.75 Td (of ) Tj ET Q q 0 0 0 rg BT 261.44 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 278.12 550.75 Td (ePVT) Tj ET Q q 0 0 0 rg BT 302.95 550.75 Td ( ) Tj ET Q q 0 0 0 rg BT 305.72 550.75 Td (in ) Tj ET Q q 0 0 0 rg BT 316.29 550.75 Td (the ) Tj ET Q q 0 0 0 rg BT 332.97 550.75 Td (US ) Tj ET Q q 0 0 0 rg BT 349.64 550.75 Td (market) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 90.00 530.95 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 530.95 Td (continued ) Tj ET Q q 0 0 0 rg BT 153.64 530.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 193.71 530.95 Td (in ) Tj ET Q q 0 0 0 rg BT 203.77 530.95 Td (customer ) Tj ET Q q 0 0 0 rg BT 247.16 530.95 Td (adoption ) Tj ET Q q 0 0 0 rg BT 287.80 530.95 Td (of ) Tj ET Q q 0 0 0 rg BT 298.42 530.95 Td (the ) Tj ET Q q 0 0 0 rg BT 314.59 530.95 Td (communication ) Tj ET Q q 0 0 0 rg BT 384.11 530.95 Td (solutions ) Tj ET Q q 0 0 0 rg BT 425.85 530.95 Td (previously ) Tj ET Q q 0 0 0 rg BT 473.15 530.95 Td (rolled ) Tj ET Q q 0 0 0 rg BT 499.88 530.95 Td (out ) Tj ET Q q 0 0 0 rg BT 516.05 530.95 Td (in ) Tj ET Q q 0 0 0 rg BT 526.11 530.95 Td (the ) Tj ET Q q 0 0 0 rg BT 542.79 530.95 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 517.15 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 153.59 517.15 Td (and ) Tj ET Q q 0 0 0 rg BT 173.05 517.15 Td (US ) Tj ET Q q 0 0 0 rg BT 189.72 517.15 Td (markets ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 90.00 497.35 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 497.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 148.47 497.35 Td (in ) Tj ET Q q 0 0 0 rg BT 158.40 497.35 Td (AutoDriller ) Tj ET Q q 0 0 0 rg BT 207.75 497.35 Td (rentals ) Tj ET Q q 0 0 0 rg BT 240.44 497.35 Td (in ) Tj ET Q q 0 0 0 rg BT 250.90 497.35 Td (Canada ) Tj ET Q q 0 0 0 rg BT 288.60 497.35 Td (due ) Tj ET Q q 0 0 0 rg BT 307.96 497.35 Td (to ) Tj ET Q q 0 0 0 rg BT 318.97 497.35 Td (the ) Tj ET Q q 0 0 0 rg BT 335.55 497.35 Td (significant ) Tj ET Q q 0 0 0 rg BT 382.69 497.35 Td (increase ) Tj ET Q q 0 0 0 rg BT 423.16 497.35 Td (in ) Tj ET Q q 0 0 0 rg BT 433.62 497.35 Td (drilling ) Tj ET Q q 0 0 0 rg BT 465.19 497.35 Td (activity ) Tj ET Q q 0 0 0 rg BT 498.43 497.35 Td (which ) Tj ET Q q 0 0 0 rg BT 526.67 497.35 Td (led ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 483.55 Td (to ) Tj ET Q q 0 0 0 rg BT 119.12 483.55 Td (more ) Tj ET Q q 0 0 0 rg BT 144.68 483.55 Td (mechanical ) Tj ET Q q 0 0 0 rg BT 198.04 483.55 Td (rigs ) Tj ET Q q 0 0 0 rg BT 216.93 483.55 Td (being ) Tj ET Q q 0 0 0 rg BT 244.18 483.55 Td (deployed ) Tj ET Q q 0 0 0 rg BT 287.55 483.55 Td (in ) Tj ET Q q 0 0 0 rg BT 298.11 483.55 Td (the ) Tj ET Q q 0 0 0 rg BT 314.79 483.55 Td (first ) Tj ET Q q 0 0 0 rg BT 333.67 483.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 368.14 483.55 Td (of ) Tj ET Q q 0 0 0 rg BT 379.25 483.55 Td (2017 ) Tj ET Q q 0 0 0 rg BT 404.28 483.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 451.53 483.55 Td (to ) Tj ET Q q 0 0 0 rg BT 462.64 483.55 Td (2016 ) Tj ET Q q 0 0 0 rg BT 487.67 483.55 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 90.00 463.75 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 463.75 Td (a ) Tj ET Q q 0 0 0 rg BT 116.44 463.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 139.33 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 150.00 463.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 189.01 463.75 Td (of ) Tj ET Q q 0 0 0 rg BT 200.23 463.75 Td (service ) Tj ET Q q 0 0 0 rg BT 234.79 463.75 Td (rig ) Tj ET Q q 0 0 0 rg BT 248.78 463.75 Td (recorders ) Tj ET Q q 0 0 0 rg BT 293.89 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 304.55 463.75 Td (Latin ) Tj ET Q q 0 0 0 rg BT 328.55 463.75 Td (America ) Tj ET Q q 0 0 0 rg BT 368.10 463.75 Td (due ) Tj ET Q q 0 0 0 rg BT 387.66 463.75 Td (to ) Tj ET Q q 0 0 0 rg BT 398.88 463.75 Td (the ) Tj ET Q q 0 0 0 rg BT 415.66 463.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 438.56 463.75 Td (in ) Tj ET Q q 0 0 0 rg BT 449.22 463.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 481.00 463.75 Td (activity ) Tj ET Q q 0 0 0 rg BT 514.44 463.75 Td (which ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 108.00 449.95 Td (impacted ) Tj ET Q q 0 0 0 rg BT 151.35 449.95 Td (other ) Tj ET Q q 0 0 0 rg BT 176.93 449.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 215.84 449.95 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 430.15 Td (Included ) Tj ET Q q 0 0 0 rg BT 112.59 430.15 Td (in ) Tj ET Q q 0 0 0 rg BT 123.15 430.15 Td (the ) Tj ET Q q 0 0 0 rg BT 139.83 430.15 Td (software ) Tj ET Q q 0 0 0 rg BT 180.40 430.15 Td (category ) Tj ET Q q 0 0 0 rg BT 221.53 430.15 Td (is ) Tj ET Q q 0 0 0 rg BT 231.53 430.15 Td (revenue ) Tj ET Q q 0 0 0 rg BT 270.45 430.15 Td (from ) Tj ET Q q 0 0 0 rg BT 293.23 430.15 Td (the ) Tj ET Q q 0 0 0 rg BT 309.91 430.15 Td (company's ) Tj ET Q q 0 0 0 rg BT 360.17 430.15 Td (data ) Tj ET Q q 0 0 0 rg BT 382.41 430.15 Td (analytics ) Tj ET Q q 0 0 0 rg BT 424.09 430.15 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 468.37 430.15 Td (, ) Tj ET Q q 0 0 0 rg BT 473.93 430.15 Td (V) Tj ET Q q 0 0 0 rg BT 480.05 430.15 Td (erdazo. ) Tj ET Q q 0 0 0 rg BT 516.18 430.15 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 410.35 Td (Other ) Tj ET Q q 0 0 0 rg BT 100.12 410.35 Td (revenue ) Tj ET Q q 0 0 0 rg BT 139.36 410.35 Td (is ) Tj ET Q q 0 0 0 rg BT 149.69 410.35 Td (down ) Tj ET Q q 0 0 0 rg BT 176.71 410.35 Td (due ) Tj ET Q q 0 0 0 rg BT 196.50 410.35 Td (to ) Tj ET Q q 0 0 0 rg BT 207.95 410.35 Td (the ) Tj ET Q q 0 0 0 rg BT 224.96 410.35 Td (sale ) Tj ET Q q 0 0 0 rg BT 246.41 410.35 Td (of ) Tj ET Q q 0 0 0 rg BT 257.86 410.35 Td (the ) Tj ET Q q 0 0 0 rg BT 274.87 410.35 Td (net ) Tj ET Q q 0 0 0 rg BT 291.88 410.35 Td (operating ) Tj ET Q q 0 0 0 rg BT 336.68 410.35 Td (assets ) Tj ET Q q 0 0 0 rg BT 368.69 410.35 Td (of ) Tj ET Q q 0 0 0 rg BT 380.14 410.35 Td (3PS, ) Tj ET Q q 0 0 0 rg BT 404.93 410.35 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 424.15 410.35 Td (\(3PS\) ) Tj ET Q q 0 0 0 rg BT 452.82 410.35 Td (ef) Tj ET Q q 0 0 0 rg BT 460.98 410.35 Td (fective ) Tj ET Q q 0 0 0 rg BT 492.99 410.35 Td (January ) Tj ET Q q 0 0 0 rg BT 531.68 410.35 Td (1, ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 396.55 Td (2017. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 376.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.29 376.75 Td (international ) Tj ET Q q 0 0 0 rg BT 149.83 376.75 Td (rig ) Tj ET Q q 0 0 0 rg BT 164.00 376.75 Td (count ) Tj ET Q q 0 0 0 rg BT 191.53 376.75 Td (was ) Tj ET Q q 0 0 0 rg BT 212.37 376.75 Td (down ) Tj ET Q q 0 0 0 rg BT 239.33 376.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.18 376.75 Td (most ) Tj ET Q q 0 0 0 rg BT 274.91 376.75 Td (of ) Tj ET Q q 0 0 0 rg BT 286.30 376.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.26 376.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 356.03 376.75 Td (major ) Tj ET Q q 0 0 0 rg BT 384.09 376.75 Td (international ) Tj ET Q q 0 0 0 rg BT 441.64 376.75 Td (markets, ) Tj ET Q q 0 0 0 rg BT 483.04 376.75 Td (most ) Tj ET Q q 0 0 0 rg BT 507.76 376.75 Td (notably ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 362.95 Td (Argentina, ) Tj ET Q q 0 0 0 rg BT 120.80 362.95 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 158.47 362.95 Td (and ) Tj ET Q q 0 0 0 rg BT 178.37 362.95 Td (Of) Tj ET Q q 0 0 0 rg BT 188.74 362.95 Td (fshore. ) Tj ET Q q 0 0 0 rg BT 222.53 362.95 Td (In ) Tj ET Q q 0 0 0 rg BT 234.08 362.95 Td (the ) Tj ET Q q 0 0 0 rg BT 251.20 362.95 Td (Middle ) Tj ET Q q 0 0 0 rg BT 283.87 362.95 Td (East, ) Tj ET Q q 0 0 0 rg BT 309.87 362.95 Td (the ) Tj ET Q q 0 0 0 rg BT 326.98 362.95 Td (Company ) Tj ET Q q 0 0 0 rg BT 373.00 362.95 Td (is ) Tj ET Q q 0 0 0 rg BT 383.43 362.95 Td (realizing ) Tj ET Q q 0 0 0 rg BT 423.89 362.95 Td (an ) Tj ET Q q 0 0 0 rg BT 438.22 362.95 Td (increase ) Tj ET Q q 0 0 0 rg BT 479.24 362.95 Td (in ) Tj ET Q q 0 0 0 rg BT 490.23 362.95 Td (its ) Tj ET Q q 0 0 0 rg BT 503.45 362.95 Td (share ) Tj ET Q q 0 0 0 rg BT 531.67 362.95 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 349.15 Td (net ) Tj ET Q q 0 0 0 rg BT 88.68 349.15 Td (income ) Tj ET Q q 0 0 0 rg BT 123.69 349.15 Td (from ) Tj ET Q q 0 0 0 rg BT 146.47 349.15 Td (its ) Tj ET Q q 0 0 0 rg BT 159.25 349.15 Td (Saudi ) Tj ET Q q 0 0 0 rg BT 187.05 349.15 Td (Arabia ) Tj ET Q q 0 0 0 rg BT 218.73 349.15 Td (joint ) Tj ET Q q 0 0 0 rg BT 239.85 349.15 Td (venture ) Tj ET Q q 0 0 0 rg BT 275.98 349.15 Td (as ) Tj ET Q q 0 0 0 rg BT 289.32 349.15 Td (a ) Tj ET Q q 0 0 0 rg BT 297.66 349.15 Td (result ) Tj ET Q q 0 0 0 rg BT 324.89 349.15 Td (of ) Tj ET Q q 0 0 0 rg BT 336.01 349.15 Td (a ) Tj ET Q q 0 0 0 rg BT 344.34 349.15 Td (continuing ) Tj ET Q q 0 0 0 rg BT 392.71 349.15 Td (increases ) Tj ET Q q 0 0 0 rg BT 438.29 349.15 Td (in ) Tj ET Q q 0 0 0 rg BT 448.85 349.15 Td (rig ) Tj ET Q q 0 0 0 rg BT 462.74 349.15 Td (count ) Tj ET Q q 0 0 0 rg BT 489.98 349.15 Td (and ) Tj ET Q q 0 0 0 rg BT 509.44 349.15 Td (market ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 335.35 Td (penetration. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 299.78 39.00 Td (9 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F4 20.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0.32941176470588235 0.37254901960784315 rg BT 72.00 705.45 Td (Discussion of Operations) Tj ET Q BT /F4 16.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 72.00 680.25 Td (United States Operations) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 655.75 m 352.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 655.75 m 417.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 655.75 m 482.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 655.75 m 532.5 655.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 529.75 m 352.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 529.75 m 417.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 529.75 m 482.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 529.75 m 352.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 515.75 m 352.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 529.75 m 417.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 515.75 m 417.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 529.75 m 482.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 515.75 m 482.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 529.75 m 532.5 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 515.75 m 532.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 515.75 m 352.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 515.75 m 417.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 515.75 m 482.5 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 487.75 m 352.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 487.75 m 417.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 487.75 m 482.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 487.75 m 352.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 473.75 m 352.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 487.75 m 417.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352.5 473.75 m 417.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 487.75 m 482.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 473.75 m 482.5 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 487.75 m 532.5 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 473.75 m 532.5 473.75 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 659.98 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 396.20 659.98 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 461.20 659.98 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 500.95 659.98 Td (Change) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 75.00 646.95 Td (\(000s\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 405.40 645.75 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 470.40 645.75 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 518.10 645.75 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 632.73 Td (Revenue) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 618.73 Td (Electronic Drilling Recorder) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 389.80 618.03 Td (15,124) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.80 618.03 Td (10,687) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 617.98 Td (42) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 603.98 Td (Pit Volume Totalizer/ePVT) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 604.03 Td (4,603) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 604.03 Td (3,176) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 603.98 Td (45) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 590.73 Td (Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 590.03 Td (2,583) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 590.03 Td (1,545) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 589.98 Td (67) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 576.73 Td (Software) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 576.03 Td (2,468) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 576.03 Td (1,757) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 575.98 Td (40) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 561.98 Td (AutoDriller) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 562.03 Td (1,408) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 465.95 562.03 Td (965) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 561.98 Td (46) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 547.98 Td (Gas Analyzer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 548.03 Td (1,765) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 548.03 Td (1,598) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 547.98 Td (10) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 82.00 534.73 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 534.03 Td (2,015) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 534.03 Td (3,898) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 517.70 534.03 Td (\(48) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 533.98 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 519.98 Td (Total revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 389.80 520.03 Td (29,966) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.80 520.03 Td (23,626) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.40 519.98 Td (27) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 505.98 Td (Operating costs) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 389.80 506.03 Td (14,210) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.80 506.03 Td (15,245) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 522.15 505.98 Td (\(7) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 505.98 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 491.98 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 394.25 492.03 Td (5,001) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 492.03 Td (6,773) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 517.70 492.03 Td (\(26) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 529.30 491.98 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 477.98 Td (Segment operating profit) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 389.80 478.03 Td (10,755) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.25 478.03 Td (1,608) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 515.95 478.03 Td (569) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 430.1 m 375.5 430.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 430.1 m 455.5 430.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 430.1 m 535.5 430.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 385.1 m 375.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 385.1 m 455.5 385.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 385.1 m 535.5 385.1 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 434.33 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.20 434.33 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 514.20 434.33 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 447.55 419.33 Td ($) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 527.55 419.33 Td ($) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 404.33 Td (Revenue per EDR day - USD) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 438.95 404.38 Td (634) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 518.95 404.38 Td (618) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 389.33 Td (Revenue per EDR day - CAD) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 438.95 389.38 Td (839) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 518.95 389.38 Td (850) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 365.80 Td (US ) Tj ET Q q 0 0 0 rg BT 87.52 365.80 Td (segment ) Tj ET Q q 0 0 0 rg BT 127.51 365.80 Td (revenue ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 165.28 365.80 Td (increased) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 208.64 365.80 Td ( ) Tj ET Q q 0 0 0 rg BT 210.27 365.80 Td (by ) Tj ET Q q 0 0 0 rg BT 222.46 365.80 Td (27% ) Tj ET Q q 0 0 0 rg BT 244.11 365.80 Td (in ) Tj ET Q q 0 0 0 rg BT 253.53 365.80 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 269.06 365.80 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 285.17 365.80 Td ( ) Tj ET Q q 0 0 0 rg BT 286.80 365.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 320.12 365.80 Td (of ) Tj ET Q q 0 0 0 rg BT 330.09 365.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 353.96 365.80 Td (over ) Tj ET Q q 0 0 0 rg BT 375.05 365.80 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 390.58 365.80 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 412.83 365.80 Td ( ) Tj ET Q q 0 0 0 rg BT 414.46 365.80 Td (comparable ) Tj ET Q q 0 0 0 rg BT 468.34 365.80 Td (period. ) Tj ET Q q 0 0 0 rg BT 500.55 365.80 Td ( ) Tj ET Q q 0 0 0 rg BT 502.18 365.80 Td (Included ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 352.00 Td (in ) Tj ET Q q 0 0 0 rg BT 81.94 352.00 Td (the ) Tj ET Q q 0 0 0 rg BT 98.00 352.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 120.17 352.00 Td (year ) Tj ET Q q 0 0 0 rg BT 141.78 352.00 Td (results ) Tj ET Q q 0 0 0 rg BT 173.39 352.00 Td (was ) Tj ET Q q 0 0 0 rg BT 193.34 352.00 Td (revenue ) Tj ET Q q 0 0 0 rg BT 231.63 352.00 Td (\(included ) Tj ET Q q 0 0 0 rg BT 274.38 352.00 Td (in ) Tj ET Q q 0 0 0 rg BT 284.32 352.00 Td (other ) Tj ET Q q 0 0 0 rg BT 309.27 352.00 Td (revenue\) ) Tj ET Q q 0 0 0 rg BT 350.90 352.00 Td (from ) Tj ET Q q 0 0 0 rg BT 373.06 352.00 Td (3PS, ) Tj ET Q q 0 0 0 rg BT 396.90 352.00 Td (the ) Tj ET Q q 0 0 0 rg BT 412.96 352.00 Td (net ) Tj ET Q q 0 0 0 rg BT 429.02 352.00 Td (operating ) Tj ET Q q 0 0 0 rg BT 472.88 352.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.94 352.00 Td (of ) Tj ET Q q 0 0 0 rg BT 514.44 352.00 Td (which ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 338.20 Td (were ) Tj ET Q q 0 0 0 rg BT 95.09 338.20 Td (sold ) Tj ET Q q 0 0 0 rg BT 114.85 338.20 Td (ef) Tj ET Q q 0 0 0 rg BT 123.01 338.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 153.33 338.20 Td (January ) Tj ET Q q 0 0 0 rg BT 190.33 338.20 Td (1, ) Tj ET Q q 0 0 0 rg BT 200.08 338.20 Td (2017. ) Tj ET Q q 0 0 0 rg BT 226.53 338.20 Td (Removing ) Tj ET Q q 0 0 0 rg BT 272.96 338.20 Td (3PS ) Tj ET Q q 0 0 0 rg BT 293.28 338.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 330.84 338.20 Td (from ) Tj ET Q q 0 0 0 rg BT 352.25 338.20 Td (the ) Tj ET Q q 0 0 0 rg BT 367.57 338.20 Td (comparative ) Tj ET Q q 0 0 0 rg BT 423.46 338.20 Td (figures, ) Tj ET Q q 0 0 0 rg BT 457.67 338.20 Td ( ) Tj ET Q q 0 0 0 rg BT 459.09 338.20 Td (revenue ) Tj ET Q q 0 0 0 rg BT 496.64 338.20 Td (increased ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 324.40 Td (by ) Tj ET Q q 0 0 0 rg BT 84.76 324.40 Td (38% ) Tj ET Q q 0 0 0 rg BT 106.97 324.40 Td (\(42% ) Tj ET Q q 0 0 0 rg BT 132.51 324.40 Td (increase ) Tj ET Q q 0 0 0 rg BT 172.50 324.40 Td (when ) Tj ET Q q 0 0 0 rg BT 198.60 324.40 Td (measured ) Tj ET Q q 0 0 0 rg BT 245.26 324.40 Td (in ) Tj ET Q q 0 0 0 rg BT 255.24 324.40 Td (USD\). ) Tj ET Q q 0 0 0 rg BT 284.51 324.40 Td (The ) Tj ET Q q 0 0 0 rg BT 303.94 324.40 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 366.74 324.40 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 411.74 324.40 Td (dollar ) Tj ET Q q 0 0 0 rg BT 438.40 324.40 Td (relative ) Tj ET Q q 0 0 0 rg BT 472.83 324.40 Td (to ) Tj ET Q q 0 0 0 rg BT 483.36 324.40 Td (the ) Tj ET Q q 0 0 0 rg BT 499.46 324.40 Td (US ) Tj ET Q q 0 0 0 rg BT 515.54 324.40 Td (dollar ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 310.60 Td (had ) Tj ET Q q 0 0 0 rg BT 91.46 310.60 Td (a ) Tj ET Q q 0 0 0 rg BT 99.80 310.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 140.39 310.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 172.62 310.60 Td (on ) Tj ET Q q 0 0 0 rg BT 186.52 310.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 225.44 310.60 Td (when ) Tj ET Q q 0 0 0 rg BT 252.12 310.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 299.37 310.60 Td (in ) Tj ET Q q 0 0 0 rg BT 309.93 310.60 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 355.52 310.60 Td (dollars. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 290.80 Td (Industry ) Tj ET Q q 0 0 0 rg BT 111.06 290.80 Td (activity ) Tj ET Q q 0 0 0 rg BT 145.11 290.80 Td (in ) Tj ET Q q 0 0 0 rg BT 156.38 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 173.77 290.80 Td (US ) Tj ET Q q 0 0 0 rg BT 191.16 290.80 Td (market ) Tj ET Q q 0 0 0 rg BT 225.21 290.80 Td (during ) Tj ET Q q 0 0 0 rg BT 256.49 290.80 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 273.88 290.80 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 289.99 290.80 Td ( ) Tj ET Q q 0 0 0 rg BT 293.48 290.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 328.66 290.80 Td (of ) Tj ET Q q 0 0 0 rg BT 340.48 290.80 Td (2017 ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 366.22 290.80 Td (increased) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 409.58 290.80 Td ( ) Tj ET Q q 0 0 0 rg BT 413.07 290.80 Td (31% ) Tj ET Q q 0 0 0 rg BT 436.57 290.80 Td (from ) Tj ET Q q 0 0 0 rg BT 460.06 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 477.45 290.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 500.95 290.80 Td (year) Tj ET Q q 0 0 0 rg BT 519.85 290.80 Td (. ) Tj ET Q q 0 0 0 rg BT 526.12 290.80 Td (US ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 277.00 Td (market ) Tj ET Q q 0 0 0 rg BT 105.06 277.00 Td (share ) Tj ET Q q 0 0 0 rg BT 132.57 277.00 Td (was ) Tj ET Q q 0 0 0 rg BT 152.86 277.00 Td (55% ) Tj ET Q q 0 0 0 rg BT 175.37 277.00 Td (for ) Tj ET Q q 0 0 0 rg BT 189.54 277.00 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 205.94 277.00 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 222.05 277.00 Td ( ) Tj ET Q q 0 0 0 rg BT 224.55 277.00 Td (quarter ) Tj ET Q q 0 0 0 rg BT 258.73 277.00 Td (of ) Tj ET Q q 0 0 0 rg BT 269.57 277.00 Td (2017 ) Tj ET Q q 0 0 0 rg BT 294.31 277.00 Td (compared ) Tj ET Q q 0 0 0 rg BT 341.28 277.00 Td (to ) Tj ET Q q 0 0 0 rg BT 352.12 277.00 Td (52% ) Tj ET Q q 0 0 0 rg BT 374.63 277.00 Td (during ) Tj ET Q q 0 0 0 rg BT 404.93 277.00 Td (the ) Tj ET Q q 0 0 0 rg BT 421.33 277.00 Td (three ) Tj ET Q q 0 0 0 rg BT 446.62 277.00 Td (months ) Tj ET Q q 0 0 0 rg BT 481.92 277.00 Td (ended ) Tj ET Q q 0 0 0 rg BT 512.22 277.00 Td (March ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 263.20 Td (31, ) Tj ET Q q 0 0 0 rg BT 88.87 263.20 Td (2016, ) Tj ET Q q 0 0 0 rg BT 116.85 263.20 Td (primarily ) Tj ET Q q 0 0 0 rg BT 157.60 263.20 Td (driven ) Tj ET Q q 0 0 0 rg BT 187.80 263.20 Td (by ) Tj ET Q q 0 0 0 rg BT 201.32 263.20 Td (market ) Tj ET Q q 0 0 0 rg BT 234.85 263.20 Td (share ) Tj ET Q q 0 0 0 rg BT 262.83 263.20 Td (growth ) Tj ET Q q 0 0 0 rg BT 295.81 263.20 Td (in ) Tj ET Q q 0 0 0 rg BT 306.56 263.20 Td (key ) Tj ET Q q 0 0 0 rg BT 325.08 263.20 Td (US ) Tj ET Q q 0 0 0 rg BT 341.94 263.20 Td (regions ) Tj ET Q q 0 0 0 rg BT 377.70 263.20 Td (combined ) Tj ET Q q 0 0 0 rg BT 424.02 263.20 Td (with ) Tj ET Q q 0 0 0 rg BT 444.77 263.20 Td (changes ) Tj ET Q q 0 0 0 rg BT 485.54 263.20 Td (in ) Tj ET Q q 0 0 0 rg BT 496.29 263.20 Td (the ) Tj ET Q q 0 0 0 rg BT 513.16 263.20 Td (mix ) Tj ET Q q 0 0 0 rg BT 531.67 263.20 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 249.40 Td (active ) Tj ET Q q 0 0 0 rg BT 100.90 249.40 Td (customers.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 229.60 Td (EDR ) Tj ET Q q 0 0 0 rg BT 96.64 229.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 125.18 229.60 Td (days ) Tj ET Q q 0 0 0 rg BT 149.84 229.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 196.72 229.60 Td (by ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 210.81 229.60 Td (40) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 221.94 229.60 Td (% ) Tj ET Q q 0 0 0 rg BT 234.36 229.60 Td (for ) Tj ET Q q 0 0 0 rg BT 249.55 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 266.98 229.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 302.20 229.60 Td (ended ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 333.53 229.60 Td (March31, ) Tj ET Q q 0 0 0 rg BT 381.52 229.60 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 403.77 229.60 Td (, ) Tj ET Q q 0 0 0 rg BT 410.08 229.60 Td (over ) Tj ET Q q 0 0 0 rg BT 433.06 229.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.49 229.60 Td (same ) Tj ET Q q 0 0 0 rg BT 478.47 229.60 Td (time ) Tj ET Q q 0 0 0 rg BT 500.89 229.60 Td (period ) Tj ET Q q 0 0 0 rg BT 532.22 229.60 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 215.80 Td (2016, ) Tj ET Q q 0 0 0 rg BT 100.02 215.80 Td (while ) Tj ET Q q 0 0 0 rg BT 125.79 215.80 Td (revenue ) Tj ET Q q 0 0 0 rg BT 164.92 215.80 Td (per ) Tj ET Q q 0 0 0 rg BT 182.37 215.80 Td (EDR ) Tj ET Q q 0 0 0 rg BT 206.47 215.80 Td (day ) Tj ET Q q 0 0 0 rg BT 225.59 215.80 Td (in ) Tj ET Q q 0 0 0 rg BT 236.36 215.80 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 253.25 215.80 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 269.36 215.80 Td ( ) Tj ET Q q 0 0 0 rg BT 272.35 215.80 Td (quarter ) Tj ET Q q 0 0 0 rg BT 307.03 215.80 Td (of ) Tj ET Q q 0 0 0 rg BT 318.36 215.80 Td (2017 ) Tj ET Q q 0 0 0 rg BT 343.60 215.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 389.95 215.80 Td (to ) Tj ET Q q 0 0 0 rg BT 401.28 215.80 Td (US$634, ) Tj ET Q q 0 0 0 rg BT 443.19 215.80 Td (an ) Tj ET Q q 0 0 0 rg BT 457.30 215.80 Td (increase ) Tj ET Q q 0 0 0 rg BT 498.09 215.80 Td (of ) Tj ET Q q 0 0 0 rg BT 509.42 215.80 Td (US$16 ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 202.00 Td (over ) Tj ET Q q 0 0 0 rg BT 93.53 202.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.52 202.00 Td (same ) Tj ET Q q 0 0 0 rg BT 136.05 202.00 Td (period ) Tj ET Q q 0 0 0 rg BT 165.93 202.00 Td (in ) Tj ET Q q 0 0 0 rg BT 175.79 202.00 Td (2016. ) Tj ET Q q 0 0 0 rg BT 202.76 202.00 Td (This ) Tj ET Q q 0 0 0 rg BT 223.74 202.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 263.62 202.00 Td (is ) Tj ET Q q 0 0 0 rg BT 272.92 202.00 Td (due ) Tj ET Q q 0 0 0 rg BT 291.68 202.00 Td (to ) Tj ET Q q 0 0 0 rg BT 302.10 202.00 Td (an ) Tj ET Q q 0 0 0 rg BT 315.31 202.00 Td (uptick ) Tj ET Q q 0 0 0 rg BT 343.51 202.00 Td (on ) Tj ET Q q 0 0 0 rg BT 356.72 202.00 Td (adoption ) Tj ET Q q 0 0 0 rg BT 397.17 202.00 Td (of ) Tj ET Q q 0 0 0 rg BT 407.59 202.00 Td (certain ) Tj ET Q q 0 0 0 rg BT 439.68 202.00 Td (key ) Tj ET Q q 0 0 0 rg BT 457.33 202.00 Td (products, ) Tj ET Q q 0 0 0 rg BT 500.54 202.00 Td (including ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 188.20 Td (ePVT) Tj ET Q q 0 0 0 rg BT 95.90 188.20 Td (, ) Tj ET Q q 0 0 0 rg BT 103.04 188.20 Td (combined ) Tj ET Q q 0 0 0 rg BT 150.75 188.20 Td (with ) Tj ET Q q 0 0 0 rg BT 172.89 188.20 Td (continued ) Tj ET Q q 0 0 0 rg BT 220.62 188.20 Td (customer ) Tj ET Q q 0 0 0 rg BT 266.10 188.20 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 321.61 188.20 Td (of ) Tj ET Q q 0 0 0 rg BT 334.30 188.20 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 382.59 188.20 Td (communication ) Tj ET Q q 0 0 0 rg BT 454.20 188.20 Td (solutions, ) Tj ET Q q 0 0 0 rg BT 500.80 188.20 Td (of) Tj ET Q q 0 0 0 rg BT 508.96 188.20 Td (fset ) Tj ET Q q 0 0 0 rg BT 529.44 188.20 Td (by ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 174.40 Td (selective ) Tj ET Q q 0 0 0 rg BT 113.68 174.40 Td (pricing ) Tj ET Q q 0 0 0 rg BT 145.92 174.40 Td (discounts ) Tj ET Q q 0 0 0 rg BT 190.95 174.40 Td (on ) Tj ET Q q 0 0 0 rg BT 204.85 174.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 237.64 174.40 Td (products. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 154.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 119.44 154.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 146.29 154.60 Td (decreased ) Tj ET Q q 0 0 0 rg BT 196.51 154.60 Td (by ) Tj ET Q q 0 0 0 rg BT 210.59 154.60 Td (7% ) Tj ET Q q 0 0 0 rg BT 228.56 154.60 Td (in ) Tj ET Q q 0 0 0 rg BT 239.87 154.60 Td (the ) Tj ET Q q 0 0 0 rg BT 257.29 154.60 Td (first ) Tj ET Q q 0 0 0 rg BT 276.92 154.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 312.12 154.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 347.87 154.60 Td (to ) Tj ET Q q 0 0 0 rg BT 359.73 154.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.15 154.60 Td (same ) Tj ET Q q 0 0 0 rg BT 405.13 154.60 Td (period ) Tj ET Q q 0 0 0 rg BT 436.44 154.60 Td (in ) Tj ET Q q 0 0 0 rg BT 447.74 154.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.17 154.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 488.69 154.60 Td (year) Tj ET Q q 0 0 0 rg BT 507.59 154.60 Td (. ) Tj ET Q q 0 0 0 rg BT 513.89 154.60 Td (When ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 140.80 Td (measured ) Tj ET Q q 0 0 0 rg BT 119.51 140.80 Td (in ) Tj ET Q q 0 0 0 rg BT 130.33 140.80 Td (USD, ) Tj ET Q q 0 0 0 rg BT 157.26 140.80 Td (and ) Tj ET Q q 0 0 0 rg BT 176.99 140.80 Td (removing ) Tj ET Q q 0 0 0 rg BT 221.16 140.80 Td (3PS ) Tj ET Q q 0 0 0 rg BT 243.10 140.80 Td (costs, ) Tj ET Q q 0 0 0 rg BT 272.25 140.80 Td (operating ) Tj ET Q q 0 0 0 rg BT 316.99 140.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.37 140.80 Td (increased ) Tj ET Q q 0 0 0 rg BT 389.77 140.80 Td (by ) Tj ET Q q 0 0 0 rg BT 403.38 140.80 Td (13%, ) Tj ET Q q 0 0 0 rg BT 429.21 140.80 Td (which ) Tj ET Q q 0 0 0 rg BT 457.81 140.80 Td (is ) Tj ET Q q 0 0 0 rg BT 468.08 140.80 Td (a ) Tj ET Q q 0 0 0 rg BT 476.68 140.80 Td (direct ) Tj ET Q q 0 0 0 rg BT 504.17 140.80 Td (result ) Tj ET Q q 0 0 0 rg BT 531.66 140.80 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 127.00 Td (the ) Tj ET Q q 0 0 0 rg BT 88.68 127.00 Td (business ) Tj ET Q q 0 0 0 rg BT 130.93 127.00 Td (unit ) Tj ET Q q 0 0 0 rg BT 149.83 127.00 Td (investing ) Tj ET Q q 0 0 0 rg BT 192.07 127.00 Td (in ) Tj ET Q q 0 0 0 rg BT 202.63 127.00 Td (field ) Tj ET Q q 0 0 0 rg BT 223.76 127.00 Td (costs ) Tj ET Q q 0 0 0 rg BT 249.88 127.00 Td (to ) Tj ET Q q 0 0 0 rg BT 260.99 127.00 Td (meet ) Tj ET Q q 0 0 0 rg BT 286.00 127.00 Td (the ) Tj ET Q q 0 0 0 rg BT 302.68 127.00 Td (significant ) Tj ET Q q 0 0 0 rg BT 349.93 127.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 390.51 127.00 Td (in ) Tj ET Q q 0 0 0 rg BT 401.07 127.00 Td (drilling ) Tj ET Q q 0 0 0 rg BT 432.75 127.00 Td (activity) Tj ET Q q 0 0 0 rg BT 462.57 127.00 Td (. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 107.20 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 130.30 107.20 Td (expense ) Tj ET Q q 0 0 0 rg BT 170.26 107.20 Td (for ) Tj ET Q q 0 0 0 rg BT 184.08 107.20 Td (the ) Tj ET Q q 0 0 0 rg BT 200.13 107.20 Td (first ) Tj ET Q q 0 0 0 rg BT 218.39 107.20 Td (three ) Tj ET Q q 0 0 0 rg BT 243.34 107.20 Td (months ) Tj ET Q q 0 0 0 rg BT 278.29 107.20 Td (of ) Tj ET Q q 0 0 0 rg BT 288.78 107.20 Td (2017 ) Tj ET Q q 0 0 0 rg BT 313.18 107.20 Td (decreased ) Tj ET Q q 0 0 0 rg BT 362.03 107.20 Td (26% ) Tj ET Q q 0 0 0 rg BT 384.20 107.20 Td (over ) Tj ET Q q 0 0 0 rg BT 405.80 107.20 Td (2016 ) Tj ET Q q 0 0 0 rg BT 430.20 107.20 Td (amounts ) Tj ET Q q 0 0 0 rg BT 470.71 107.20 Td (due ) Tj ET Q q 0 0 0 rg BT 489.55 107.20 Td (to ) Tj ET Q q 0 0 0 rg BT 500.04 107.20 Td (the ) Tj ET Q q 0 0 0 rg BT 516.09 107.20 Td (asset ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 93.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 124.24 93.40 Td (charges ) Tj ET Q q 0 0 0 rg BT 162.59 93.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 204.84 93.40 Td (in ) Tj ET Q q 0 0 0 rg BT 215.40 93.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 238.18 93.40 Td (years ) Tj ET Q q 0 0 0 rg BT 265.41 93.40 Td (and ) Tj ET Q q 0 0 0 rg BT 284.88 93.40 Td (a ) Tj ET Q q 0 0 0 rg BT 293.22 93.40 Td (significantly ) Tj ET Q q 0 0 0 rg BT 347.68 93.40 Td (lower ) Tj ET Q q 0 0 0 rg BT 374.36 93.40 Td (capital ) Tj ET Q q 0 0 0 rg BT 406.04 93.40 Td (program. ) Tj ET Q q 0 0 0 rg BT 448.84 93.40 Td ( ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 68.5 48.10000000000002 m 226.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 226.5 48.10000000000002 m 384.5 48.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 384.5 48.10000000000002 m 542.5 48.10000000000002 l s BT /F1 10.00 Tf ET BT /F3 8.00 Tf ET q 0 0 0 rg BT 68.00 39.00 Td (www) Tj ET Q q 0 0 0 rg BT 84.89 39.00 Td (.pason.com ) Tj ET Q q 0 0 0 rg BT 297.55 39.00 Td (10 ) Tj ET Q q 0 0 0 rg BT 440.45 39.00 Td (Press release - May 2, 2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 712.75 Td (Segment ) Tj ET Q q 0 0 0 rg BT 114.90 712.75 Td (profit ) Tj ET Q q 0 0 0 rg BT 140.02 712.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 186.25 712.75 Td (by ) Tj ET Q q 0 0 0 rg BT 199.70 712.75 Td ($9.1 ) Tj ET Q q 0 0 0 rg BT 222.04 712.75 Td (million ) Tj ET Q q 0 0 0 rg BT 253.26 712.75 Td (in ) Tj ET Q q 0 0 0 rg BT 263.92 712.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 280.70 712.75 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 296.81 712.75 Td ( ) Tj ET Q q 0 0 0 rg BT 299.69 712.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 334.26 712.75 Td (of ) Tj ET Q q 0 0 0 rg BT 345.48 712.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 370.60 712.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 417.95 712.75 Td (to ) Tj ET Q q 0 0 0 rg BT 429.17 712.75 Td (the ) Tj ET Q q 0 0 0 rg BT 445.95 712.75 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 512.20 712.75 Td (period ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 698.95 Td (in ) Tj ET Q q 0 0 0 rg BT 82.56 698.95 Td (2016. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 679.15 Td ( ) Tj ET Q q 0 0 0 rg BT 74.78 679.15 Td ( ) Tj ET Q q 0 0 0 rg BT 77.56 679.15 Td ( ) Tj ET Q BT /F4 16.00 Tf ET q 0 0 0 rg BT 72.00 653.95 Td ( ) Tj ET Q BT /F4 16.00 Tf ET q 0 0 0 rg BT 72.00 634.75 Td (Canadian Operations) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 610.25 m 355.5 610.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 610.25 m 420.5 610.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 610.25 m 485.5 610.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 610.25 m 535.5 610.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 484.25 m 355.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 484.25 m 420.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 484.25 m 485.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 484.25 m 355.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 470.25 m 355.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 484.25 m 420.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 470.25 m 420.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 484.25 m 485.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 470.25 m 485.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 484.25 m 535.5 484.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 470.25 m 535.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 470.25 m 355.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 470.25 m 420.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 470.25 m 485.5 470.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 442.25 m 355.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 442.25 m 420.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 442.25 m 485.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 442.25 m 355.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 428.25 m 355.5 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 442.25 m 420.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 428.25 m 420.5 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 442.25 m 485.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 428.25 m 485.5 428.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 442.25 m 535.5 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 428.25 m 535.5 428.25 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 614.48 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 399.20 614.48 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 464.20 614.48 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 503.95 614.48 Td (Change) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 78.00 601.45 Td (\(000s\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 408.40 600.25 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 473.40 600.25 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 521.10 600.25 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 587.23 Td (Revenue) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 573.23 Td (Electronic Drilling Recorder) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 572.53 Td (8,436) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 572.53 Td (5,834) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 572.48 Td (45) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 558.48 Td (Pit Volume Totalizer/ePVT) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 558.53 Td (3,477) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 558.53 Td (2,532) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 558.48 Td (37) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 545.23 Td (Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 544.53 Td (3,852) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 544.53 Td (2,429) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 544.48 Td (59) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 531.23 Td (Software) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 530.53 Td (2,476) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 530.53 Td (1,295) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 530.48 Td (91) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 516.48 Td (AutoDriller) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 516.53 Td (1,949) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 516.53 Td (1,104) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 516.48 Td (77) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 502.48 Td (Gas Analyzer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 502.53 Td (2,582) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 502.53 Td (1,648) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 502.48 Td (57) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 489.23 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 488.53 Td (1,215) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 468.95 488.53 Td (983) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 488.48 Td (24) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 475.23 Td (Total revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.80 474.53 Td (23,987) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 457.80 474.53 Td (15,825) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 474.48 Td (52) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 461.23 Td (Operating costs) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 460.53 Td (5,794) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 460.53 Td (5,324) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 527.85 460.53 Td (9) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 447.23 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 446.53 Td (5,934) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 446.53 Td (7,582) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 446.53 Td (\(22) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 446.48 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 433.23 Td (Segment operating profit) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 392.80 432.53 Td (12,259) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 432.53 Td (2,919) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 518.95 432.53 Td (320) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 537.00 428.75 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 388.85 m 375.5 388.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 388.85 m 455.5 388.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 388.85 m 535.5 388.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 358.85 m 375.5 358.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 358.85 m 455.5 358.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 358.85 m 535.5 358.85 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 393.08 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 434.20 393.08 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 514.20 393.08 Td (2016) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 447.55 378.08 Td ($) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 527.55 378.08 Td ($) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 78.00 363.08 Td (Revenue per EDR day- CAD) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 438.95 363.13 Td (975) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 512.25 363.13 Td (1,039) Tj ET Q BT /F1 10.00 Tf ET BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 339.55 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 117.07 339.55 Td (segment ) Tj ET Q q 0 0 0 rg BT 157.68 339.55 Td (revenue ) Tj ET Q q 0 0 0 rg BT 196.07 339.55 Td (increased ) Tj ET Q q 0 0 0 rg BT 241.69 339.55 Td (by ) Tj ET Q q 0 0 0 rg BT 254.50 339.55 Td (52% ) Tj ET Q q 0 0 0 rg BT 276.78 339.55 Td (for ) Tj ET Q q 0 0 0 rg BT 290.70 339.55 Td (the ) Tj ET Q q 0 0 0 rg BT 306.86 339.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 340.80 339.55 Td (ended ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 370.86 339.55 Td (March31, ) Tj ET Q q 0 0 0 rg BT 417.58 339.55 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 439.83 339.55 Td ( ) Tj ET Q q 0 0 0 rg BT 442.08 339.55 Td (compared ) Tj ET Q q 0 0 0 rg BT 488.81 339.55 Td (to ) Tj ET Q q 0 0 0 rg BT 499.40 339.55 Td (the ) Tj ET Q q 0 0 0 rg BT 515.56 339.55 Td (same ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 325.75 Td (period ) Tj ET Q q 0 0 0 rg BT 102.67 325.75 Td (in ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 113.32 325.75 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 135.57 325.75 Td (. ) Tj ET Q q 0 0 0 rg BT 141.03 325.75 Td (This ) Tj ET Q q 0 0 0 rg BT 162.79 325.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 203.45 325.75 Td (is ) Tj ET Q q 0 0 0 rg BT 213.54 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 230.32 325.75 Td (result ) Tj ET Q q 0 0 0 rg BT 257.64 325.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.85 325.75 Td (an ) Tj ET Q q 0 0 0 rg BT 282.84 325.75 Td (80% ) Tj ET Q q 0 0 0 rg BT 305.72 325.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 346.39 325.75 Td (in ) Tj ET Q q 0 0 0 rg BT 357.04 325.75 Td (the ) Tj ET Q q 0 0 0 rg BT 373.81 325.75 Td (number ) Tj ET Q q 0 0 0 rg BT 410.59 325.75 Td (of ) Tj ET Q q 0 0 0 rg BT 421.80 325.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 453.57 325.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 491.45 325.75 Td (days ) Tj ET Q q 0 0 0 rg BT 515.44 325.75 Td (in ) Tj ET Q q 0 0 0 rg BT 526.10 325.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 311.95 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 88.11 311.95 Td ( ) Tj ET Q q 0 0 0 rg BT 90.89 311.95 Td (quarter ) Tj ET Q q 0 0 0 rg BT 125.35 311.95 Td (compared ) Tj ET Q q 0 0 0 rg BT 172.60 311.95 Td (to ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 183.71 311.95 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 205.96 311.95 Td ( ) Tj ET Q q 0 0 0 rg BT 208.74 311.95 Td (levels. ) Tj ET Q q 0 0 0 rg BT 239.86 311.95 Td (Included ) Tj ET Q q 0 0 0 rg BT 280.45 311.95 Td (in ) Tj ET Q q 0 0 0 rg BT 291.01 311.95 Td (the ) Tj ET Q q 0 0 0 rg BT 307.69 311.95 Td (software ) Tj ET Q q 0 0 0 rg BT 348.26 311.95 Td (category ) Tj ET Q q 0 0 0 rg BT 389.39 311.95 Td (is ) Tj ET Q q 0 0 0 rg BT 399.39 311.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 438.31 311.95 Td (earned ) Tj ET Q q 0 0 0 rg BT 472.22 311.95 Td (by ) Tj ET Q q 0 0 0 rg BT 485.56 311.95 Td (V) Tj ET Q q 0 0 0 rg BT 491.68 311.95 Td (erdazo. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 292.15 Td (EDR ) Tj ET Q q 0 0 0 rg BT 95.89 292.15 Td (rental ) Tj ET Q q 0 0 0 rg BT 123.68 292.15 Td (days ) Tj ET Q q 0 0 0 rg BT 147.59 292.15 Td (increased ) Tj ET Q q 0 0 0 rg BT 193.72 292.15 Td (59% ) Tj ET Q q 0 0 0 rg BT 216.52 292.15 Td (in ) Tj ET Q q 0 0 0 rg BT 227.08 292.15 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 243.76 292.15 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 259.87 292.15 Td ( ) Tj ET Q q 0 0 0 rg BT 262.64 292.15 Td (quarter ) Tj ET Q q 0 0 0 rg BT 297.11 292.15 Td (of ) Tj ET Q q 0 0 0 rg BT 308.23 292.15 Td (2017 ) Tj ET Q q 0 0 0 rg BT 333.25 292.15 Td (compared ) Tj ET Q q 0 0 0 rg BT 380.50 292.15 Td (to ) Tj ET Q q 0 0 0 rg BT 391.61 292.15 Td (2016. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 272.35 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 114.03 272.35 Td (per ) Tj ET Q q 0 0 0 rg BT 130.49 272.35 Td (EDR ) Tj ET Q q 0 0 0 rg BT 153.60 272.35 Td (day ) Tj ET Q q 0 0 0 rg BT 171.73 272.35 Td (decreased ) Tj ET Q q 0 0 0 rg BT 220.43 272.35 Td (by ) Tj ET Q q 0 0 0 rg BT 232.99 272.35 Td ($64 ) Tj ET Q q 0 0 0 rg BT 251.68 272.35 Td (to ) Tj ET Q q 0 0 0 rg BT 262.02 272.35 Td ($) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 267.58 272.35 Td (975) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 284.27 272.35 Td ( ) Tj ET Q q 0 0 0 rg BT 286.27 272.35 Td (during ) Tj ET Q q 0 0 0 rg BT 316.07 272.35 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 331.98 272.35 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 348.08 272.35 Td ( ) Tj ET Q q 0 0 0 rg BT 350.09 272.35 Td (quarter ) Tj ET Q q 0 0 0 rg BT 383.77 272.35 Td (of ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 394.12 272.35 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 416.36 272.35 Td ( ) Tj ET Q q 0 0 0 rg BT 418.36 272.35 Td (compared ) Tj ET Q q 0 0 0 rg BT 464.83 272.35 Td (to ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 475.18 272.35 Td (2016) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 497.42 272.35 Td (, ) Tj ET Q q 0 0 0 rg BT 502.20 272.35 Td (resulting ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 258.55 Td (from ) Tj ET Q q 0 0 0 rg BT 94.78 258.55 Td (selective ) Tj ET Q q 0 0 0 rg BT 136.46 258.55 Td (price ) Tj ET Q q 0 0 0 rg BT 160.92 258.55 Td (discounts ) Tj ET Q q 0 0 0 rg BT 205.94 258.55 Td (on ) Tj ET Q q 0 0 0 rg BT 219.84 258.55 Td (certain ) Tj ET Q q 0 0 0 rg BT 252.63 258.55 Td (products.) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 238.75 Td (Operating ) Tj ET Q q 0 0 0 rg BT 118.75 238.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.92 238.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 191.11 238.75 Td (by ) Tj ET Q q 0 0 0 rg BT 204.50 238.75 Td (9% ) Tj ET Q q 0 0 0 rg BT 221.79 238.75 Td (in ) Tj ET Q q 0 0 0 rg BT 232.40 238.75 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 249.13 238.75 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 265.24 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 268.07 238.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 302.59 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 313.76 238.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 338.83 238.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 373.90 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 385.07 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.81 238.75 Td (same ) Tj ET Q q 0 0 0 rg BT 429.09 238.75 Td (period ) Tj ET Q q 0 0 0 rg BT 459.72 238.75 Td (in ) Tj ET Q q 0 0 0 rg BT 470.33 238.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 495.41 238.75 Td (due ) Tj 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447.78 205.15 Td (March31, ) Tj ET Q q 0 0 0 rg BT 495.27 205.15 Td (2017) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 517.52 205.15 Td (, ) Tj ET Q q 0 0 0 rg BT 523.33 205.15 Td (due ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 191.35 Td (to ) Tj ET Q q 0 0 0 rg BT 83.12 191.35 Td (prior ) Tj ET Q q 0 0 0 rg BT 105.90 191.35 Td (year's ) Tj ET Q q 0 0 0 rg BT 135.04 191.35 Td (impairment ) Tj ET Q q 0 0 0 rg BT 187.28 191.35 Td (charges ) Tj ET Q q 0 0 0 rg BT 225.63 191.35 Td (and ) Tj ET Q q 0 0 0 rg BT 245.10 191.35 Td (lower ) Tj ET Q q 0 0 0 rg BT 271.77 191.35 Td (capital ) Tj ET Q q 0 0 0 rg BT 303.46 191.35 Td (expenditures. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 171.55 Td (The ) Tj ET Q q 0 0 0 rg BT 92.01 171.55 Td (first ) Tj ET Q q 0 0 0 rg BT 110.90 171.55 Td (quarter ) Tj ET Q q 0 0 0 rg BT 145.36 171.55 Td (2017 ) Tj ET Q q 0 0 0 rg BT 170.38 171.55 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.86 171.55 Td (income ) Tj ET Q q 0 0 0 rg BT 249.88 171.55 Td (of ) 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3 M 75.5 515.9 m 355.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 75.5 501.9 m 355.5 501.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 515.9 m 420.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 501.9 m 420.5 501.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 515.9 m 485.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 501.9 m 485.5 501.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 515.9 m 535.5 515.9 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 501.9 m 535.5 501.9 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 688.13 Td (Three Months Ended March 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 399.20 688.13 Td (2017) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 464.20 688.13 Td (2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 503.95 688.13 Td (Change) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 78.00 675.10 Td (\(000s\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 408.40 673.90 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 473.40 673.90 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 521.10 673.90 Td (\(%\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 660.88 Td (Revenue) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 646.88 Td (Electronic Drilling Recorder) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 646.18 Td (2,096) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 646.18 Td (2,634) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 646.18 Td (\(20) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 646.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 632.13 Td (Pit Volume Totalizer/ePVT) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.95 632.18 Td (496) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 468.95 632.18 Td (648) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 632.18 Td (\(23) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 632.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 618.88 Td (Communications) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.95 618.18 Td (488) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 468.95 618.18 Td (357) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 523.40 618.13 Td (37) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 604.88 Td (Software) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 408.40 604.13 Td (72) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 473.40 604.13 Td (79) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 525.15 604.13 Td (\(9) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 604.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 590.13 Td (AutoDriller) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.95 590.18 Td (472) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 468.95 590.18 Td (697) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 590.18 Td (\(32) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 590.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 576.13 Td (Gas Analyzer) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 403.95 576.18 Td (265) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 468.95 576.18 Td (378) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 576.18 Td (\(30) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 576.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 85.00 562.88 Td (Other) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 562.18 Td (1,207) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 562.18 Td (1,569) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 562.18 Td (\(23) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 562.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 548.88 Td (Total revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 548.18 Td (5,096) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 548.18 Td (6,362) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 548.18 Td (\(20) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 548.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 534.88 Td (Operating costs) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 534.18 Td (4,192) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 534.18 Td (5,531) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 534.18 Td (\(24) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 534.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 520.88 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 397.25 520.18 Td (1,038) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 462.25 520.18 Td (2,007) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 520.70 520.18 Td (\(48) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 532.30 520.13 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 78.00 506.88 Td (Segment operating loss) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 401.25 506.18 Td (\(134) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 417.30 506.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 459.55 506.13 Td (\(1,176) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 482.30 506.13 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 524.25 506.13 Td () Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 537.00 502.40 Td ( ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 469.90 Td (The ) Tj ET Q q 0 0 0 rg BT 92.29 469.90 Td (international ) Tj ET Q q 0 0 0 rg BT 149.83 469.90 Td (rig ) Tj ET Q q 0 0 0 rg BT 164.00 469.90 Td (count ) Tj ET Q q 0 0 0 rg BT 191.53 469.90 Td (was ) Tj ET Q q 0 0 0 rg BT 212.37 469.90 Td (down ) Tj ET Q q 0 0 0 rg BT 239.33 469.90 Td (in ) Tj ET Q q 0 0 0 rg BT 250.18 469.90 Td (most ) Tj ET Q q 0 0 0 rg BT 274.91 469.90 Td (of ) Tj ET Q q 0 0 0 rg BT 286.30 469.90 Td (the ) Tj ET Q q 0 0 0 rg BT 303.26 469.90 Td (Company's ) Tj ET Q q 0 0 0 rg BT 356.03 469.90 Td (major ) Tj ET Q q 0 0 0 rg BT 384.09 469.90 Td (international ) Tj ET Q q 0 0 0 rg BT 441.64 469.90 Td (markets, ) Tj ET Q q 0 0 0 rg BT 483.04 469.90 Td (most ) Tj ET Q q 0 0 0 rg BT 507.76 469.90 Td (notably ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 456.10 Td (Argentina, ) Tj ET Q q 0 0 0 rg BT 120.81 456.10 Td (Mexico, ) Tj ET Q q 0 0 0 rg BT 158.49 456.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.39 456.10 Td (Of) Tj ET Q q 0 0 0 rg BT 188.77 456.10 Td (fshore. ) Tj ET Q q 0 0 0 rg BT 221.92 456.10 Td (As ) Tj ET Q q 0 0 0 rg BT 236.82 456.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.60 456.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 276.06 456.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 315.42 456.10 Td (in ) Tj ET Q q 0 0 0 rg BT 326.42 456.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.55 456.10 Td (International ) Tj ET Q q 0 0 0 rg BT 401.81 456.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 451.73 456.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 493.31 456.10 Td (decreased ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 442.30 Td (20% ) Tj ET Q q 0 0 0 rg BT 94.79 442.30 Td (in ) Tj ET Q q 0 0 0 rg BT 105.35 442.30 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 122.03 442.30 Td (first) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 138.14 442.30 Td ( ) Tj ET Q q 0 0 0 rg BT 140.92 442.30 Td (quarter ) Tj ET Q q 0 0 0 rg BT 175.38 442.30 Td (of ) Tj ET Q q 0 0 0 rg BT 186.50 442.30 Td (2017 ) Tj ET Q q 0 0 0 rg BT 211.53 442.30 Td (compared ) Tj ET Q q 0 0 0 rg BT 258.77 442.30 Td (to ) Tj ET Q q 0 0 0 rg BT 269.89 442.30 Td (the ) Tj ET Q q 0 0 0 rg BT 286.57 442.30 Td (same ) Tj ET Q q 0 0 0 rg BT 313.80 442.30 Td (period ) Tj ET Q q 0 0 0 rg BT 344.38 442.30 Td (in ) Tj ET Q q 0 0 0 rg BT 354.94 442.30 Td (2016. ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 422.50 Td (Operating ) Tj ET Q q 0 0 0 rg BT 119.04 422.50 Td (costs ) Tj ET Q q 0 0 0 rg BT 145.51 422.50 Td (decreased ) Tj ET Q q 0 0 0 rg BT 195.34 422.50 Td (by ) Tj ET Q q 0 0 0 rg BT 209.03 422.50 Td (24% ) Tj ET Q q 0 0 0 rg BT 232.17 422.50 Td (in ) Tj ET Q q 0 0 0 rg BT 243.08 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 260.11 422.50 Td (first ) Tj ET Q q 0 0 0 rg BT 279.35 422.50 Td (quarter ) Tj ET Q q 0 0 0 rg BT 314.16 422.50 Td (relative ) Tj ET Q q 0 0 0 rg BT 349.53 422.50 Td (to ) Tj ET Q q 0 0 0 rg BT 361.00 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 378.03 422.50 Td (same ) Tj ET Q q 0 0 0 rg BT 405.61 422.50 Td (period ) Tj ET Q q 0 0 0 rg BT 436.54 422.50 Td (in ) Tj ET Q q 0 0 0 rg BT 447.45 422.50 Td (the ) Tj ET Q q 0 0 0 rg BT 464.48 422.50 Td (prior ) Tj ET Q q 0 0 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rg BT 229.95 583.75 Td (as ) Tj ET Q q 0 0 0 rg BT 244.06 583.75 Td (a ) Tj ET Q q 0 0 0 rg BT 253.17 583.75 Td (result ) Tj ET Q q 0 0 0 rg BT 281.17 583.75 Td (of ) Tj ET Q q 0 0 0 rg BT 293.06 583.75 Td (a ) Tj ET Q q 0 0 0 rg BT 302.17 583.75 Td (modest ) Tj ET Q q 0 0 0 rg BT 338.52 583.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 380.41 583.75 Td (in ) Tj ET Q q 0 0 0 rg BT 391.75 583.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 443.64 583.75 Td (prices. ) Tj ET Q q 0 0 0 rg BT 476.41 583.75 Td (The ) Tj ET Q q 0 0 0 rg BT 497.20 583.75 Td (Canadian ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 569.95 Td (segment ) Tj ET Q q 0 0 0 rg BT 113.81 569.95 Td (earned ) Tj ET Q q 0 0 0 rg BT 148.40 569.95 Td (revenue ) Tj ET Q q 0 0 0 rg BT 188.00 569.95 Td (of ) Tj ET Q q 0 0 0 rg BT 199.79 569.95 Td ($24.0 ) Tj ET Q q 0 0 0 rg BT 228.27 569.95 Td (million ) Tj ET Q q 0 0 0 rg BT 260.06 569.95 Td (in ) Tj ET Q q 0 0 0 rg BT 271.30 569.95 Td (the ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 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q 0 0 0 rg BT 307.40 612.40 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 362.40 612.40 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 417.40 612.40 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 472.40 612.40 Td (\($\)) Tj ET Q BT /F5 7.00 Tf ET q 0 0 0 rg BT 527.40 612.40 Td (\($\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 74.00 600.08 Td (Balance at January 1, 2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 287.35 600.08 Td (128,067) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.80 600.13 Td (23,367) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 401.80 600.13 Td (85,603) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 452.30 600.08 Td (252,411) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 507.35 600.13 Td (489,448) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 589.38 Td (Net loss) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 308.25 588.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 363.25 588.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 418.25 588.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.15 588.08 Td (\(10,860) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 481.30 588.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 509.15 588.08 Td (\(10,860) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 536.30 588.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 577.38 Td (Dividends) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 308.25 576.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 363.25 576.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 418.25 576.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.15 576.08 Td (\(14,294) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 481.30 576.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 509.15 576.08 Td (\(14,294) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 536.30 576.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 565.38 Td (Other comprehensive loss) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 308.25 564.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 363.25 564.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 399.15 564.08 Td (\(25,127) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 426.30 564.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 473.25 564.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 509.15 564.08 Td (\(25,127) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 536.30 564.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 553.38 Td (Exercise of stock options) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 302.95 552.08 Td (925) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 355.25 552.13 Td (\(315) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 371.30 552.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 418.25 552.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 473.25 552.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 522.95 552.13 Td (610) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 537.88 Td (Expense related to vesting of options) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 308.25 533.63 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 357.95 533.68 Td (640) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 418.25 533.63 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 473.25 533.63 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 522.95 533.68 Td (640) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 74.00 520.88 Td (Balance at March 31, 2016) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 287.35 520.63 Td (128,992) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 346.80 520.68 Td (23,692) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 401.80 520.68 Td (60,476) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 452.30 520.63 Td (227,257) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 507.35 520.68 Td (440,417) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 81.00 509.38 Td (Net loss) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 308.25 508.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 363.25 508.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 418.25 508.08 Td () Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 454.15 508.08 Td (\(29,761) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 481.30 508.08 Td (\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 509.15 508.08 Td (\(29,761) Tj ET Q BT /F5 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M 235.5 438.35 m 305.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 450.35 m 375.5 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 438.35 m 375.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 450.35 m 445.5 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 438.35 m 445.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 450.35 m 515.5 450.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 438.35 m 515.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 438.35 m 235.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 426.35 m 235.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 438.35 m 305.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 426.35 m 305.5 426.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 438.35 m 375.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 426.35 m 375.5 426.35 l s 0 0 0 RG /GS0 gs 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402.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 402.35 m 305.5 402.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 402.35 m 375.5 402.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 402.35 m 445.5 402.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 402.35 m 515.5 402.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 354.35 m 235.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 354.35 m 305.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 354.35 m 375.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 354.35 m 445.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 354.35 m 515.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 354.35 m 235.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 342.35 m 235.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 354.35 m 305.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 342.35 m 305.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 354.35 m 375.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 342.35 m 375.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 354.35 m 445.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 342.35 m 445.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 354.35 m 515.5 354.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 342.35 m 515.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 342.35 m 235.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 342.35 m 305.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 342.35 m 375.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 342.35 m 445.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 342.35 m 515.5 342.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 282.35 m 235.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 282.35 m 305.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 282.35 m 375.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 282.35 m 445.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 282.35 m 515.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 282.35 m 235.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 270.35 m 235.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 282.35 m 305.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 270.35 m 305.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 282.35 m 375.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 282.35 m 445.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 270.35 m 445.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 282.35 m 515.5 282.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 270.35 m 515.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 270.35 m 235.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 258.35 m 235.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 270.35 m 305.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 258.35 m 305.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 270.35 m 375.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 258.35 m 375.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 270.35 m 445.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 258.35 m 445.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 270.35 m 515.5 270.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 258.35 m 515.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 258.35 m 235.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 246.35000000000002 m 235.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 258.35 m 305.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 246.35000000000002 m 305.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 258.35 m 375.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 246.35000000000002 m 375.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 258.35 m 445.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 246.35000000000002 m 445.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 258.35 m 515.5 258.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 246.35000000000002 m 515.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 246.35000000000002 m 235.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 234.35000000000002 m 235.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 246.35000000000002 m 305.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 234.35000000000002 m 305.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 246.35000000000002 m 375.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 234.35000000000002 m 375.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 246.35000000000002 m 445.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 234.35000000000002 m 445.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 246.35000000000002 m 515.5 246.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 234.35000000000002 m 515.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 234.35000000000002 m 235.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 222.35000000000002 m 235.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 234.35000000000002 m 305.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 222.35000000000002 m 305.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 234.35000000000002 m 375.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 222.35000000000002 m 375.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 234.35000000000002 m 445.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 222.35000000000002 m 445.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 234.35000000000002 m 515.5 234.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 222.35000000000002 m 515.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 222.35000000000002 m 235.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 72.5 210.35000000000002 m 235.5 210.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 222.35000000000002 m 305.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 210.35000000000002 m 305.5 210.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 222.35000000000002 m 375.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305.5 210.35000000000002 m 375.5 210.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 222.35000000000002 m 445.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 210.35000000000002 m 445.5 210.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 222.35000000000002 m 515.5 222.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 210.35000000000002 m 515.5 210.35000000000002 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 75.00 625.58 Td (Three Months Ended March 31, 2017) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 273.10 625.58 Td (Canada) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 320.85 625.58 Td (United States) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 393.95 625.58 Td (International) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 493.45 625.58 Td (Total) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 293.40 610.35 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 363.40 610.35 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 433.40 610.35 Td (\($\)) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 503.40 610.35 Td (\($\)) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 598.03 Td (Revenue) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 277.80 598.08 Td (23,987) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 347.80 598.08 Td (29,966) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.25 598.08 Td (5,096) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.80 598.08 Td (59,049) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 586.03 Td (Rental services and local administration) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.25 586.08 Td (5,794) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 347.80 586.08 Td (14,210) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.25 586.08 Td (4,192) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.80 586.08 Td (24,196) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 574.03 Td (Depreciation and amortization) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 282.25 574.08 Td (5,934) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 352.25 574.08 Td (5,001) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 422.25 574.08 Td (1,038) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.80 574.08 Td (11,973) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 562.03 Td (Segment operating profit \(loss\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 277.80 562.08 Td (12,259) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 347.80 562.08 Td (10,755) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 426.25 562.08 Td (\(134) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 442.30 562.03 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 487.80 562.08 Td (22,880) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 550.03 Td (Research and development) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.25 550.08 Td (5,877) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 538.03 Td (Corporate services) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.25 538.08 Td (4,068) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 526.03 Td (Stock-based compensation) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.25 526.08 Td (2,547) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 514.03 Td (Other expenses) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.25 514.08 Td (1,439) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 502.03 Td (Income tax expense) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.25 502.08 Td (1,796) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 490.03 Td (Net income) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 492.25 490.08 Td (7,153) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 75.00 478.03 Td (Capital expenditures) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 290.70 478.03 Td (\(53) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 302.30 478.03 Td (\)) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 352.25 478.08 Td 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Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 186.00 Td (Additional information on risks and uncertainties and other factors that could af) Tj ET Q q 0 0 0 rg BT 419.24 186.00 Td (fect Pason's operations or ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 174.00 Td (financial results are included in Pason's reports on file with the Canadian securities regulatory authorities ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 162.00 Td (and may be accessed through the SEDAR website \() Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 302.6787109375 160.57421875 m 372.703125 160.57421875 l s q 0 0 1 rg BT 302.68 162.00 Td (www) Tj ET Q q 0 0 1 rg BT 323.79 162.00 Td (.sedar) Tj ET Q q 0 0 1 rg BT 351.03 162.00 Td (.com) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 372.70 162.00 Td (\) or through Pason's website ) Tj ET Q BT /F5 10.00 Tf ET q 0 0 0 rg BT 72.00 150.00 Td (\() Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.73 w 0 i [] 0 d 1 J 1 j 3 M 75.330078125 148.57421875 m 148.1376953125 148.57421875 l s q 0 0 1 rg BT 75.33 150.00 Td (www) Tj ET Q q 0 0 1 rg BT 96.44 150.00 Td (.pason.com) Tj ET Q BT /F5 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 148.14 150.00 Td (\). 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