Koil Energy Solutions Inc. (KLNG)

[MossyOak]

Pride International reports that the Pride Wyoming, a 250-foot mat slot jackup rig operating in the U.S. Gulf of Mexico, is missing and expected to be a total loss following Hurricane Ike. The rig's last location was at Ship Shoal 283, approximately 90 miles south of Houma, Louisiana. All rig personnel had been safely evacuated prior to the arrival of the storm.



The most significant damage appears to be to the Mad Dog spar which was directly in Hurricane Ike's path. Mad Dog's drilling derrick, which sits atop the platform, was toppled and is on the sea bed.

Assessments are ongoing to understand the full extent of damage and implications to the restart of production from Mad Dog.

http://www.rigzone.com/