Atwood Oceanics Announces Contract Award To Atwood Southern Cross By AuDAX Resources - Quick Facts

Atwood Oceanics, Inc., (ATW) announced that the ATWOOD SOUTHERN CROSS has been awarded a contract, at a dayrate of $154,500 by AuDAX Resources Ltd, to drill one firm well plus one option is available until March 1, 2010 to drill from one to four additional 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, the company said.

by RTTNews Staff Writer

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