Thule Tests Jacking System on Thule Power

Thule Drilling has confirmed the successful completion and testing of the "Thule Power" jacking system. On 25 June 2007, the rig was jacked up to its maximum elevation with almost 300 feet of leg protruding below the hull. The whole operation went smoothly and without interruption. By the early hours of 26 June 2007, the rig was jacked down to its working airgap alongside the QGM quayside.

In addition to the jacking trials, QGM has successfully completed the inclining experiment of "Thule Power" which now allows the Company to complete the stability book and operations manual to meet ABS requirements. The operation was a success with no technical problems.

Thule Drilling wishes to thank all involved in the two operations for their cooperation and assistance.

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