KS Energy, BP Pakistan Commence $22.5 Million Contract

The Board of Directors of KS Energy Services Limited refers to News Release of 26 June 2007 relating to the US$22.5 million Land Rig Contract ("Contract").

The Board of Directors is pleased to inform that the Contract has commenced on 28 April 2008 to supply and operate a 1500 HP land rig, Discoverer-III for BP Pakistan.

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