Noble Denton Files Petition for Bankruptcy Proceedings Against Thule

It has come to the attention of Thule Drilling that Noble Denton has filed a petition for bankruptcy proceedings against Thule at Asker and Baerum Tingrett. The petition has not yet been served on Thule.

In the event that it will be served, Thule will reject it on the grounds that net asset value of Thule Drilling clearly exceeds its liabilities.