GGS Acquires 2 Remaining Tender Assist Rigs

Global Geo Services ASA entered into a Memorandum of Agreement with Pride Foramer SAS August 9, 2007 to acquire three tender assist rigs Alligator, Barracuda and Al Baraka. The transaction was subject to novation of drilling contracts with international oil companies. The completion of the first tender assist rig Alligator was acquired January 30, 2008.

The completions of the two other tender assist rigs Barracuda and Al Baraka were acquired February 20, 2008.

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