Peak Extends Contract for Bredford Dolphin

The Bredford Dolphin has received a one-well extension from Peak Well Management on its current contract. The estimated duration of the well is 40 days.

This extension to the drilling program is scheduled to commence in January 2006, resulting in a firm program for the rig continuing to the end of February 2006. Estimated contract value of the extension is US $6.8 million.

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