EMBRACING THE FUTURE

Trident Energy has exercised one more option with Island Innovator. This is the third option being exercised and this option adds another 40 days to the contracted work. This optional work is on behalf of another operator in Equatorial Guinea.

Trident Energy has exercised two options with Island Innovator. The two options add another 85 days to the contracted work. The optional work is for development drilling and workover in Equatorial Guinea.

Island Drilling Company has temporarily left Mauritania and Tullow Oils to sail to Hanøytangen, Norway to prepare for our next contract with Dana Petroleum in the UK.

Frank Herforth Nielsen has worked in the industry since 1991; offshore in most positions within drilling, on jack-ups with Maersk Drilling.

Today I celebrate my 10th anniversary in Island Drilling Company.

Petrofac has exercised its contracted rig hire option on one (1) further well as Well Management Contractor for the Tullow P&A campaign on PSC-A Banda and PSC-B Tiof Wells offshore Mauritania. The total work is now for five (5) well re-entries.