Financial terms under the earlier contract with Pacific Drilling for the Pacific Bora are unchanged.
"We are very pleased to be able to engage the Pacific Scirocco for our drilling campaign," said
"The Pacific Scirocco is equipped to drill in deeper water -- up to 12,000 feet -- and could handle either of the two optional follow-up fan wells that may be drilled if the Fatala-1 well is successful.
"We understand that the Scirocco has been working offshore
"The Scirocco completes its current contract with TOTAL on
This News Release contains "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, as amended, and Section 21 E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, future events or performance and underlying assumptions and other statements which are other than statements of historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "plan," "project," "anticipate," "estimate," "believe," or "think." A number of risks and uncertainties could cause actual results to differ materially from these statements, including without limitation, funding and exploration efforts, fluctuations in oil and gas prices and other risk factors described from time to time
in the Company's reports filed with the
President and Chief Executive Officer
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