Helis picks up option on Richmond

Helis Oil & Gas has exercised its remaining option with Atwood Oceanics Inc. for the submersible drilling rig, Richmond.

Offshore staff

HOUSTON --Helis Oil & Gas has exercised its remaining option with Atwood Oceanics Inc. for the submersible drilling rig, Richmond.

The option calls for the drilling of four wells in the Gulf of Mexico immediately following the completion of its current commitment with HELIS around mid-year. The agreed day rate is $80,000.

3/6/2007

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