Monday, July 25, 2011


Mermaid: Subsi MTR‐2 Ltd. has secured a contract of potential $26.5m with an international upstream oil and gas company ("Client") to provide drilling and related services. Work under the contract has already commenced and is for approx 9 mths. Mermaid most recently posted a loss of THB218.0m ($8.8m) but the results from recently listed associate AOD could provide a possible catalyst.

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