Aban Offshore to purchase Rig from Bulford Dolphin Pte. Ltd for US$211 Million

Aban Offshore Ltd has announced that the Company has entered into a Memorandum of Agreement with Bulford Dolphin Pte. Ltd. for the purchase of the semi - submersible rig Bulford Dolphin for a consideration of USD 211 Million.

The delivery of the rig is expected to take place in the 4th quarter 2007.

The stock closed the day at Rs.3055, up by Rs.18.10 or 0.60%. The stock hit an intraday high of Rs.3078 and low of Rs.3032. The total traded quantity was 16531 compared to 2 week average of 27948.

Source : Equity Bulls

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