Atlantic Oilfield Services Receives Revised Offer

The board of directors of Atlantic Oilfield Services has received a new offer for 100% of the shares in the company. The offer is US $121 million for all shares with US $1.8361 per share for the shareholders (49.3 million shares) except for shares owned by management and board members (19.3 million shares) which has accepted US $1.755 per share. The offer has already been accepted by 93% of the total shares. Acceptance forms will be sent out by ABGSC to all shareholders today.