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Cabo Announces Record 1st Quarter Results

Cabo Drilling Corp. (“Cabo” or the “Company”) (TSX-V:CBE) reports results for its fiscal year 2012 first quarter ended September 30, 2011.

1st QUARTER HIGHLIGHTS 

(CDN $000s, except earnings per share)

Q1 - 2012

Sept. 30

Q1  - 2011

Sept. 30

FY 2011

June 30

Revenue

16,929

10,272

43,420

Earnings (Loss) Before Interest, Taxes, Amortization, Stock Based Compensation and Other Items  (EBITDA)

3,054

1,011

2,646