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Stock Market & Financial Investment News

News Breaks
February 21, 2013
17:18 EDTHEROHercules Offshore acquires rig for $55M, signs agreement with Cabinda Gulf Oil
Hercules Offshore announced the execution of an agreement to acquire the offshore drilling rig Ben Avon from a subsidiary of KCA Deutag. The purchase price is $55M in cash. The company expects the acquisition to close by late-March. Hercules Offshore also announced that it has signed a letter of agreement for a three-year rig commitment with Cabinda Gulf Oil Company for use of the Ben Avon. The company expects to generate total revenue of approximately $119M over this three-year period under the contract. Subject to the execution of a mutually agreed drilling contract, the company expects the rig to commence work as early as May.
News For HERO From The Last 14 Days
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November 11, 2014
07:07 EDTHEROHercules Offshore promotes Troy Carson to Senior VP, CFO effective November 21
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November 10, 2014
15:15 EDTHEROJefferies to hold a conference
2014 Global Energy Conference is being held in New York on November 11-12.

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