The improvement in the third quarter 2004 results was principally caused by improved dayrates which will be discussed during TODCO's publicly accessible third quarter earnings conference call. The conference call will be at 8:00 a.m. (CDT) Tuesday, October 26, 2004 and can be heard live on the Company's web site at www.theoffshoredrillingcompany.com or by dialing (800) 967-7141, reference code 921263. A replay of the conference call will be available for approximately 30 days after the call on the Company's web site or by dialing (719) 457-0820, reference code 921263.
TODCO is a controlled subsidiary of Transocean Inc. Transocean will also hold a publicly accessible conference call to discuss its third quarter 2004 financial results at 9:00 a.m. CDT on Tuesday, October 26, 2004. The conference call can be heard live on Transocean's web site at www.deepwater.com or by dialing (303) 262-2075.
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