Atwood Southern Cross Spins Bit in Tunisian Waters

The Atwood Southern Cross has been awarded a contract, at a dayrate of $154,500, by AuDAX Resources Ltd, to drill one firm well. Additionally, one option is available until March 1, 2010 to drill from one to four more wells offshore Tunisia.

The rig is expected to go on dayrate around June 6, 2010 during mobilization with an expected commencement of drilling on June 15, 2010. The drilling of the one firm well is expected to take around forty days to complete.


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