PGI Energy, Inc. (PGIE)

[Oiljob]

Drilling rigs come in all different shapes and sizes. But in June Trinidad bought 4 rigs capable of drilling to 20,000 ft.

"Trinidad Drilling Ltd. (TDG.TO: News ) announced the acquisition of four drilling rigs that would be added to its US drilling operations. The total cost of the rigs is expected to be $44 million, including the initial purchase price and subsequent upgrades.

Following their enhancement, the rigs would be highly automated, 1,500 horsepower, AC triple rigs with a depth capacity of 20,000 feet. The first rig is expected to be operational by the end of the third quarter of 2011 and the remainder would be ready by the end of the year."

That would be $11,000,000.00 apiece for used rigs. So this deal could be in the right ball park. Oiljob

P.S.: We are building the rigs for about $16,000,000.00 per rig. Brand new with the latest technology.