King Named To Parker Drilling Board

Sep 30, 2008 (financialwire.net via COMTEX) -- PKD | Quote | Chart | News | PowerRating -- September 30, 2008 (FinancialWire) -- Gary R. King has been elected to the board of Parker Drilling Co. (NYSE: PKD | Quote | Chart | News | PowerRating) (Current Market Cap: US$916.03 Mil.) He is currently the chief executive officer of Dubai Natural Resources World and the former chief executive officer of the Dubai Mercantile Exchange.

Prior to his role at the DME, King served in senior roles in the private equity sector at Macquarie Bank, Abu Dhabi Commercial Bank, Matrix Commodities DMCC, and Standard Bank London from 2001 to 2005. From 1997 through 2001, King served in senior roles at Emirates National Oil, Dragon Oil PLC and Transcanada International Petroleum.

King is also a member of the board of Loon Energy. His election brings the number of Parker Drilling Board members to nine, of whom seven are classified as independent, including King.

Houston-based Parker Drilling provides contract drilling solutions, rental tools and project management services to the worldwide energy industry.

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