Noble Denton Aims to Resolve Non-Payment Issues with Thule Drilling

Noble Denton has taken every opportunity to resolve non-payment issues amicably with Thule Drilling; however, to date, they have been unable to provide a satisfactory schedule for settling or securing the outstanding debt of US $1,611 million, plus interest.

We hope that Thule Drilling will be able to raise additional liquidity the next coming days to avoid this unfortunate bankruptcy.

Noble Denton will continue to be flexible in this process with the aim of finding a satisfactory solution for both parties.