Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

Sage, here's one more drill rig you can add to your collection of Electrowave projects.
This one is the Atwood Eagle semisubmersible.
AWT

http://www.atwd.com/images/atwd_eagle_1.jpg

"Ballast Control System – Electronic control board with readouts on all tanks"
Year of Upgrade 2002
Contract dayrate Approximately $170,000
Currently in Australia


http://www.electrowaveusa.com/images/AtwoodBallastBg.jpg

http://www.rigzone.com/data/rig_detail.asp?rig_id=50
http://www.atwd.com/pdffiles/Eagle.pdf
http://www.atwd.com

"THE COMPANY CONTINUES TO PLAN FOR THE UPGRADE OF THE ATWOOD EAGLE CURRENTLY
ESTIMATED TO COMMENCE SOMETIME DURING FOURTH QUARTER OF 2001 OR FIRST QUARTER OF
2002. SUBSEQUENT TO COMPLETION OF PROJECT ENGINEERING AND REVIEW OF ALL
REGULATORY RULES, THE COMPANY HAS INCREASED THE SCOPE OF THE UPGRADE TO INCLUDE
IMPROVEMENTS IN BALLAST SYSTEMS AND PUMP ROOM OPERATIONS, ADDITIONAL
IMPROVEMENTS TO STRUCTURE AND HULL CONFIGURATION TO MEET THE LATEST REGULATORY
RULES; AND CERTAIN OTHER IMPROVEMENTS IN EQUIPMENT AND SYSTEMS."
http://www.secinfo.com/d86k.4f89v.htm