HOUSTON, March 23, 2010 (GLOBE NEWSWIRE) -- Seahawk Drilling, Inc. (Nasdaq:HAWK) announced today that its drilling rig status and contract information has been updated as of March 22, 2010. The updated report, titled "Fleet Status Report", is available through the Company's website www.seahawkdrilling.com by selecting "Rig Fleet".
Seahawk Drilling, Inc. is an offshore drilling company headquartered in Houston, Texas. Seahawk owns and operates a fleet of 20 jackup rigs that are located in the United States. The Company's shares are traded on the NASDAQ Stock Market under the symbol "HAWK". Additional information may be found at www.seahawkdrilling.com.
The Seahawk Drilling, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6559
These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in the Company's filings with the Securities and Exchange Commission. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements.
| Dayrate | Estimated1 | |||||||
| Rig Name | Rig Type | Location | Status | Client | ($US) | Days | Completion | Comments |
|
U.S. CONTRACTED (8) |
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|
SEAHAWK 3000 |
300'MC | US GOM | Shipyard | 24 | 15-Apr-2010 | |||
| Contracted | Hilcorp | $55,000 | 100 | 24-Jul-2010 |
1-well option at mutually agreed rates |
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| SEAHAWK 2602 | 250'MC | US GOM | Contracted | Arena Offshore | $35,000 | 80 | 10-Jun-2010 | Option exercised |
| Arena Offshore | $40,000 | 34 | 15-Jul-2010 | |||||
| SEAHAWK 2601 | 250'MC | US GOM | Contracted | Walter Oil & Gas | $36,200 | 62 | 23-May-2010 |
Castex has 1-well option at $36,200 -- option to follow Walter's program |
| SEAHAWK 2600 | 250'MC | US GOM | Contracted | Apache | $35,000 | 36 | 27-Apr-2010 | |
| Peregrine | $42,500 | 60 | 27-Jun-2010 |
1-well option at same rate |
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| SEAHAWK 2504 | 250'MS | US GOM | Contracted | Mariner | $32,000 | 83 | 14-Jun-2010 | Option exercised |
| SEAHAWK 2007 | 200'MC | US GOM | Contracted | Mariner | $32,000 | 26 | 17-Apr-2010 | |
| Mariner | $35,000 | 85 | 12-Jul-2010 |
1-well option at mutually agreed rates |
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| SEAHAWK 2004 | 200'MC | US GOM | Contracted | Arena Offshore | $33,000 | 65 | 26-May-2010 |
2 option wells at mutually agreed rates |
| SEAHAWK 2001 | 200'MC | US GOM | Contracted | Energy XXI | $35,000 | 41 | 2-May-2010 | |
|
U.S. AVAILABLE (2) |
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|
SEAHAWK 2505 |
250'MS | US GOM | Available | |||||
| SEAHAWK 2500 | 250'MS | US GOM | Available | |||||
|
U.S. COLD STACKED (10) |
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|
SEAHAWK 2501 |
250'MS | US GOM | Cold Stacked | |||||
| SEAHAWK 2502 | 250'MS | US GOM | Cold Stacked | |||||
| SEAHAWK 2006 | 200'MC | US GOM | Cold Stacked | |||||
| SEAHAWK 2003 | 200'MC | US GOM | Cold Stacked | |||||
| SEAHAWK 2005 | 200'MC | US GOM | Cold Stacked | |||||
| SEAHAWK 2503 | 250'MS | US GOM | Cold Stacked | |||||
| SEAHAWK 2008 | 200'MC | US GOM | Cold Stacked | |||||
| SEAHAWK 2000 | 200'MC | US GOM | Cold Stacked | |||||
| SEAHAWK 2002 | 200'MC | US GOM | Cold Stacked | |||||
| SEAHAWK 800 | 80'MC | US GOM | Cold Stacked | |||||
| Changes from previous Fleet Status Report denoted in bold | ||||||||
| 1The number of days to complete the program are estimated for U.S. well-to-well contracts and contract extensions in Mexico. The actual number of days contracted may vary from this estimate. | ||||||||