Ezion

Ezion: Two contract announcements this morning. i) Secured a ~US$122.6m contract to provide a service rig over a seven-year period, commencing 2Q15, to support the oil & gas activities of an east European based national oil major in the North Sea. ii) Received a letter of a intent for a contract valued up to ~US$146m over a five-year period including extension options, to provide a service rig to be used by a Southeast Asian based national oil company to support its oil & gas activities in Southeast Asian waters. The service rig is expected to be deployed by 3Q16.