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DDH1

DDH1 is a leading deep directional drilling services company.

Backed by

Oaktree Capital ManagementOaktree Capital Management

EQUITY on July 16, 2017

About

DDH1 provides deep directional mineral drilling and custom-designed programs using a standardized fleet of diamond coring rigs across Western Australia, the Northern Territory, and Australia’s east coast.

Mission

DDH1 provides deep directional mineral drilling services and custom-designed drilling programs using a modern, standardized fleet of diamond coring rigs. The company has a leading market position by capability, fleet size and reputation, with over fifty diamond coring rigs as of 30 June 2017 and operations across Western Australia, the Northern Territory and Australia’s east coast. DDH1 was founded in 2006 and is headquartered in Canning Vale, Western Australia. Co-founders Murray Pollock and Matt Thurston remain CEO and COO and together have over 70 years of industry experience; the company emphasizes skilled rig operators and pioneered deep directional drilling techniques in Australia. With strategic capital from Oaktree, DDH1 plans to grow organically and may consider consolidating similar niche operators to expand capacity and meet recovering industry demand. The articles do not disclose revenue or other financial metrics beyond fleet and operational footprint.

Quick Facts

Founded

2006

Funding

EQUITY

Industry

Industrial, Mining

Team Size

501-1000

Headquarters

Perth, Western Australia, Australia