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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: vireya who wrote (10617)	12/22/2011 11:41:28 AM
From: Ditchdigger	1 Recommendation Respond to of 34328

"NADL - North Atlantic Drilling secures extension of contract for West Alpha Hamilton, Bermuda, December 22, 2011 - North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has received a notification regarding exercise of an option for two additional wells estimated to 90 days each in the contract for the semi-submersible drilling rig West Alpha at the Balder field on the Norwegian Continental Shelf. Due to the exercise of the option, the estimated firm period of the now five well contract is 480 days and the estimated contract value is increased by US$85 million to US$227 million. Commencement of the assignment is scheduled for the third quarter of 2012, in direct continuation of the present contract, and will keep the rig employed up to the end of 2013. The contract still has provisions at the operator?s sole discretion for extension of up to one additional well." Analyst contact Tore Byberg VP Commercial Finance North Atlantic Management AS +47 51 30 95 42 nadlcorp.com