Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2009production update● Neutral
Seahawk posted its regular fleet status report. In the US Gulf of Mexico, three 250' rigs (Seahawk 2600, 2601, 2602) are on contract at $37,500-$40,000 a day. In Mexico, Seahawk 3000 and Seahawk 2501 are on Pemex contracts with letters of intent for extensions (Seahawk 3000 at $62,500 a day through 12/31/2009). Seahawk 2505 is available and negotiating follow-on work, four other rigs are listed as available in the US and ten are cold stacked.
SEAHAWK DRILLING, INC. Sr. VP-Human Resources & Admin German Oscar Armando received 46,364 shares and a 28,497-share option grant as part of the equity award.
SEAHAWK DRILLING, INC. Sr VP, GC, CCO & Secretary Cestero Alejandro received 64,983 shares and a 34,197-share option grant as part of the equity award.