Blake Offshore Announces Long Term Contract for Blake 303

BLAKE Offshore, L.L.C. has contracted the recently refurbished and upgraded BLAKE 303 jackup to Coldren Oil and Gas Company which is headquartered in New Orleans, La. The BLAKE 303 is a 262 ft. mat supported jackup that will work in the U.S. Gulf of Mexico.

BLAKE Offshore signed a 5 well contract with a 5 well option with confirmed contract revenues for the 5 wells worth approximately $12.0 million and with the 5 well option, potential contract revenues are worth a total of $25.8 million.

Michael E. Blake, President commented, "We are very excited about drilling for Coldren Oil & Gas Company in the U.S. Gulf of Mexico with our recently refurbished jackup BLAKE 303". BLAKE will participate in the Coldren Oil & Gas drilling program through its oil & gas division BLAKE Offshore Energy.

BLAKE Offshore, L.L.C. headquartered in Metairie, La. provides offshore drilling, completion and work over services as well as providing mobile offshore production units (MOPU) in the U.S. Gulf of Mexico. The company operates a diverse fleet consisting of 4 offshore jackups, 3 mobile offshore production units and 1 self propelled, completion and work over unit. Additional information about BLAKE Offshore, L.L.C. can be obtained at our website at

For all of your drilling, completion, workover services as well as mobile offshore production platform needs please contact Mike Blake at 504-885-7449.

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