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Bullboard - Stock Discussion Forum
Tuscany International Drilling Inc
T.TID
Energy
Oil & Gas Equipment & Services
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TSX:TID - Post Discussion
Tuscany International Drilling Inc
> TID gets rid of the OLD AFRICAN RIGS !!
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•••
veronikagermany
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Post by
veronikagermany
on Nov 14, 2013 10:13am
TID gets rid of the OLD AFRICAN RIGS !!
Among others, TID gets rid of the OLD AFRICAN rigs which were manufactured back in 1970 and 1980 !
TID keeps all the NEW FLEET which is in SOUTH AMERICA !
This is another good thing of this transaction! Check out the presentation to see how OLD these AFRICAN rigs are:
https://www.tuscanydrilling.com/html/investor_relations/documents/TuscanyInternationalDrillingCorporatePresentationMay2013Final.pdf
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•••
RHertig
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Comment by
RHertig
on Nov 14, 2013 10:20am
Thats a huge point. The African rigs were a decade past their prime.
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