Atlantic Oilfield Services Receives Revised Share Offer

The board of directors of Atlantic Oilfield Services Ltd has received a revised offer for 100% of the shares in the company. The offer of US $1.755 per share with deadline yesterday of 18:00 was not accepted by all shareholders.

The revised offer is US $1.80 per share, or US $120 million for all shares. The offer is subject to 90% acceptance from the shareholders. This offer is valid until today April 17 at 18:00.