Thule Expects Court Ruling on Rig Access Soon

Last month Thule Drilling gained limited access to the QGM yard and its rigs. Since then, representatives from Thule Drilling along with a court appointed expert and representatives from QGM have conducted inspections on the rigs and the equipment. The inspections were completed last week. The court appointed expert will submit his report to the court towards the end of next week. Thule expects a positive ruling following this report, which will allow Thule to enter the rigs with a maintenance team.

Thule is continuously working with the courts in order to gain full access, and to be able to resume maintenance and construction work on its rigs. Presently, Thule is providing all necessary documentation to prove its ownership of the rigs and equipment, and is confident that once the courts have reviewed the documentation provided, they will rule in Thule's favor.

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