Tuscany International Drilling Inc T.TID

RE:ECUADOR: YASUNI Drilling moves FF

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From CC :

Walter Dawson - CEO and President

What happened in Ecuador was, Petroamazonas, Petroproduction consolidated their businesses. Therefore, the bid that should have gone out eight months ago is now on hold and is almost completed. They have given us notice that they’re looking for 40 workover rigs in Ecuador quickly. There is a couple of other project they’re talking about. So it is just a matter of the oil company that we do majority of the work for is going through reorganization. The bids will come. They have been giving us short terms bids on the meantime.