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Particle Drilling Technologies, Inc.
11757 Katy Freeway
Suite 1300
Phone: (713) 223-3031p:713 223-3031 Houston, TX  77079  United States Ticker: PDRT PDRT

This company ceased filing statements with the SEC on 9/22/2009.
On 12/28/2009, the Company's bankruptcy case (#09-33744) was closed in the U.S. Bankruptcy Court for the Southern District of Texas
This company is no longer actively traded on any major stock exchange.

Business Summary
Particle Drilling Technologies, Inc. is a holding company. The Company’s business consists of one segment and is conducted solely in the United States. The Company is engaged in the process of commercializing its drilling technology known as particle impact drilling (PID). The PID System utilizes a specially designed fit for purpose drill bit fitted with jetting nozzles and polycrystalline diamond compact (PDC) cutting structures. The Company refers to this bit as the PID bit. The nozzles in the PID bit serves to accelerate hardened steel particles entrained within ordinary drilling mud to fracture and remove the formation ahead of the bit. The particles flow back up the well bore annulus, along with the drilling mud and formation cuttings to the surface, where the PID System separates and re-circulates the steel particles. The PID System is operated primarily utilizing hydraulic energy that is available on drilling rigs used in combination with the PID System equipment.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
-YesYesYes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
3/31/20099/30/2008YesYesYes-Yes

Industries
SIC Code Description
1389 Oil and gas field services, not elsewhere classified

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Chairman of the Board Kenneth R.LeSuer 73 12/1/2004 6/1/2004
President, Chief Executive Officer, Director Jim B.Terry 55 1/23/2006
Vice President - Technology GordonTibbitts 61 6/1/2004 6/1/2004
5 additional Officers and Directors records available in full report.

Business Names
Business Name
National Thoroughbred Corporation
Particle Drilling Technologies, Inc.
PDRT

General Information
Number of Employees: 19 (As of 11/25/2008)
Outstanding Shares: 36,596,234 (As of 5/1/2009)
Shareholders: 248
Stock Exchange: OTC
Federal Tax Id: 201563395
Fax Number: (713) 224-6361


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Tuesday, July 25, 2023