AJ Lucas has entered into an unconditional agreement to acquire Mitchell Drilling Corporation, a leading drilling and specialty services provider to the natural resource sector.   The acquisition consolidates  Lucas’ market position as a provider of exploration and production drilling services to the coal seam gas (“CSG”) and coal industries and leaves it ideally placed to capitalise on the expected growth in these sectors.

“The combination of AJ Lucas drilling and Mitchell Drilling is highly strategic for  Lucas, and brings together two highly complementary businesses.  This acquisition consolidates our position as the premier CSG service provider in Australia.  The combined business will have the highly capable personnel, expertise, assets and scale to support the CSG industry which is experiencing strong growth, which we believe will continue into the foreseeable future” said  Lucas Chairman and CEO Allan Campbell.