Helis Oil & Gas Extends Atwood Richmond Contract

Atwood Oceanics reports that Helis Oil & Gas has exercised its one remaining option to have the Richmond drill four additional wells at an agreed dayrate of $80,000, The contract for the option wells will start following the completion of its current commitment with Helis which should end sometime in May/June 2007. The drilling of these four additional wells is expected to take until September/October 2007 to complete.
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