TAKES DELIVERY OF ADDITIONAL RIG
OANDO PLC

The Exchange is in receipt of a notification that Oando Plc, has taken delivery of an additional rig named the Constitution purchased in July, 2008 at the cost of US Dollars $53.5 million. This brings to three the company fleet.

Whilst the Constitution and Searex 12 are set to commence long-term contracts, the Searex-6 is in the final stages of its refurbishment programme and will be deployed in the near future.
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