| Rig Name | Rated Water Depth | Location | Customer | Estimated Contract End Date | Estimated Contract Day Rate | Additional Comments |
| ATWOOD EAGLE | 5000’ | Australia | CHEVRON AUSTRALIA PTY LTD (“CHEVRON”) UNDER ASSIGNMENT FROM WOODSIDE ENERGY LTD | FIRM WORK – June 2010 | Approximately $405,000 | A portion of the dayrate is subject to some change due to currency exchange rate variance. |
Australia | BHP BILLITON PETROLEUM | FIRM WORK – (One 60-day slot deferred from previous drilling program which is now expected to be drilled during July and August 2010.) | Approximately $170,000 for 35 days and $465,000 thereafter until completion. | A portion of the dayrate is subject to some change due to currency exchange rate variance. | ||
| Australia | CHEVRON | FIRM WORK – (Until ATWOOD OSPREY commences operations in Australia) February/March 2011 | $430,000/$450,000 Depending on firm duration of Atwood Osprey Contract | Subject to change due to cost escalation provisions in the contract. | ||
| TBD | N/A | N/A | N/A | The rig could incur around twenty (20) zero rate days in the first quarter of 2011 for regulatory inspections and planned maintenance. | ||
| ATWOOD HUNTER | 5,000’ | Ghana | KOSMOS ENERGY GHANA HC (“KOSMOS”) | FIRM WORK - June 2010 | $538,000 | Subject to change due to cost escalation provisions in the contract. |
Other West Africa Designated Areas | NOBLE ENERGY INC /KOSMOS | FIRM WORK - October 2012 | $538,000 to $545,000 while operating | Subject to change due to cost escalation provisions in the contract. | ||
| ATWOOD FALCON | 5,000’ | Malaysia | BHP BILLITON PETROLEUM UNDER ASSIGNMENT FROM SARAWAK SHELL BERHAD (“SHELL”) | FIRM WORK – April 2010 | $431,000/plus approximately $4,000 of amortized per day revenues | Subject to change due to cost escalation provisions in the contract. |
| Malaysia | SHELL | FIRM WORK – August 2011 | $431,000/plus approximately $4,000 of amortized per day revenues | Subject to change due to cost escalation provisions in the contract. | ||
| ATWOOD OSPREY | 6,000’ | Under construction in Singapore with Delivery Expected in early 2011 at which time the rig will be mobilized to Australia. | CHEVRON AUSTRALIA PTY. LTD. | FIRM WORK – Early 2014 if three-year commitment or early 2017 if six-year commitments. (Contract provides for a commitment of three years with option to extend to six years at time of delivery of rig) | $470,000 (if three-year commitment) $450,000 (if six-year commitment) | Subject to change due to cost escalation provisions in the contract. |
| ATWOOD SOUTHERN CROSS | 2,000’ | West Africa | NONE | IDLE - May 2010 | NONE | The rig is currently idle and not expected to go on dayrate until around June 6, 2010 during mobilization with an expected commencement of drilling on June 15, 2010. |
| Tunisia | AUDAX RESOURCES LTD. (“AUDAX”) | FIRM WORK – July 2010 | $154,500 | |||
| Tunisia | AUDAX | OPTION WORK – (AUDAX has one option which must be exercised by March 22, 2010 to drill from one (1) to four (4) additional wells) | $154,500 | |||
| ATWOOD BEACON | 400’ | Equatorial Guinea | HESS EQUATORIAL GUINEA, INC. (“HESS”) | FIRM WORK – July 2010 | $110,000/plus approximately $5,000 of amortized per day revenues for 240 days. | Operating expenses for the rig through June 2010 will be increased by approximately $25,000 per day due to amortization of mobilization expense. |
Equatorial Guinea | HESS | OPTION WORK – (Hess has options, to drill up to six (6) additional wells: (1) the first option of one (1) well must be exercised no later than the completion of the fourth firm well; (2) the second option of one (1) well must be exercised no later the completion of the fifth firm well and (3) the third option of one (1) to four (4) wells must be exercised no later than the completion of the sixth firm well. February 2011 (If all options are exercised.) | $110,000 | |||
| TBD | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the second or third quarters of fiscal year 2011. | ||
| VICKSBURG | 300’ | Thailand | NUCOASTAL (THAILAND) LIMITED (“NUCOASTAL”) | FIRM WORK – June 2010 | $90,000 | |
| Thailand | NUCOASTAL | OPTION WORK – (NUCOASTAL has option to extend program an additional six (6) months which must be exercised by April 1, 2010.) December 2010 | $90,000 | |||
| TBD | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the third or fourth quarter of fiscal year 2010 for regulatory inspections. | ||
| ATWOOD AURORA | 350’ | Egypt | GAZ DE FRANCE UNTIL MID-2010 UNDER ASSIGNMENT FROM RWE DEA NILE GmbH | FIRM WORK – April 2011 | $133,000 | Subject to change due to cost escalation provisions in the contract. |
| SEAHAWK | 1,800’ | Equatorial Guinea | AMERADA HESS EQUATORIAL GUINEA, INC. | FIRM WORK – September 2010 | $90,000 | Contract provides for dayrate increases based upon certain cost escalations as well as an approximately $20,000 per day reduction during periods when the rig is being relocated to a new drilling site. |
| RICHMOND | 70’ | US Gulf of Mexico | CONTANGO OPERATIONS INC. DRILLED BY APPLIED DRILLING TECHNOLOGY INC. | FIRM WORK – May 2010 | $35,500 | |
| US Gulf of Mexico | ROOSTER PETROLEUM, LLC | FIRM WORK – JUNE 2010 | $36,000 | |||
| US Gulf of Mexico | N/A | N/A | N/A | The rig could incur ten (10) zero rate days in the third quarter of fiscal year 2010 for regulatory inspections. | ||
