Jan 17 (Reuters) - Trinidad Drilling Ltd :
* Trinidad Drilling Ltd - expects to spend approximately $40 million in capital expenditures in 2017
* Trinidad Drilling Ltd - co expects to utilize existing capital inventory items to upgrade and maintain its fleet in 2017
* Trinidad Drilling Ltd- "market conditions have improved over the past few months and we are seeing increased demand and growing activity levels"
* Trinidad Drilling-although co continues to evaluate opportunities in jv, at this time, there are no planned capital expenditures in 2017 for jv operations Source text for Eikon: Further company coverage: