Koil Energy Solutions Inc. (KLNG)

[MossyOak]

Diamond Offshore Drilling reported today that tracking devices indicate all of the Company’s rigs maintained station during Hurricane Ike..............

Of the remaining two, visual inspections by air indicate the 350-ft. IC jack-up rig Ocean Tower, which was directly in the path of the storm, lost its entire drilling package, including the derrick. An assessment team will fly to the Tower today, weather permitting. The jack-up unit Ocean Drake is in a Galveston shipyard, but due to access issues has not been inspected.

The Company is working to re-crew its rigs and resume operations as quickly as practical.

http://www.rigzone.com/news/article.asp?a_id=66652