Disclaimer This presentation is being made only to, and is only directed at, persons to whom such presentation may lawfully be communicated (relevant persons). Any person who is not a relevant person should not act or rely on these…
Q3 2011 Balance Sheet in USD thousands 30.09.2011 31.12.2010 (unaudited) (audited) Rigs, machinery and equipment 266 644 209 323 Other non-current assets 0 266 644 209 323 Trade and other receivables 6 480 912 Prepayments and…
2. Contract Overview
Contract Status AWILCO DRILLING PLC CONTRACT STATUS 2011 2012 December January February March April May June July August September October November December WILHUNTER : MPX - Orlando well 2 4 5 ,0 0 0 MPX - Timon well 245,000…
3. Market Outlook
Limited Rig Availability in 2012 AWDR well positioned UK FLOATER MARKET CONTRACT STATUS 2011 2012 Company Rig name Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov J.W.McLean Sedco 712 GSF Arc tic III on contract Sedco 704 on…
Main focus going forward Efficient Operations and High Up-Time Building Attractive Contract Backlog Repayment of debt Evaluate re-financing In todays market current financing is competitive Evaluate growth opportunities…