COSL 941 is the Company's first 400' jackup rig, which was delivered on May 31, 2006. Its successful commencement of drilling is an important milestone to the Company's drilling history.
Mr. Yuan Guangyu, CEO and President of COSL, said, "The construction project of COSL 941 is the biggest project the Company ever invested in since our public offering. Its delivery greatly enhanced our integrated equipment capacity. COSL 941's successful commencement of drilling is only the beginning of success, under such favorable market conditions, we are confident and determined in achieving better results."
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