S.D. STANDARD DRILLING (SDSD) - DISCLOSURE OF SHAREHOLDINGS
On 13 September 2017, funds managed by QVT Financial LP
("QVT") purchased an aggregate 5,200,000 shares in S.D.
Standard Drilling, and accordingly, QVT crossed above the
QVT hereafter owns a total of 39,243,724 shares in S.D.
Standard Drilling, or 11.0% of the registered share capital.
For further information, please contact Meg Eisner of QVT
Financial LP at +1 (212) 705-6229.