going forward "HRT provided Tuscany with a notice of termination for Rigs 115 and 116. This is a significant loss for Tuscany as the rigs commanded premium day rates (exceeded $40k/day). Tuscany has entered into negotiations with HRT for settlement; however, the rigs have already ceased drilling operations and are actively being marketed."
Pretty well guarantees a poor next Q result.
probably on someone's distressed company list. Ready to be scooped up for a song .
carlos