Drilling company plans public stock offering

Share this: Email | Facebook | X

West-Core Drilling Inc. of Elko last week filed a registration statement with the U.S. Securities and Exchange Commission for a public stock offering that's proposed to raise $450,000.

The contract drilling company, which is in the development stage, said it plans to raise the money to purchase drilling rigs.

Travis C. Stephenson, an attorney and real estate investor, is the company's sole officer and employee.

West-Core Drilling, which was founded in 2008, planned a public offering in late 2009. Since then, the company said in last week's new filing, several members of its initial management team have left West-Core.