Replies to post #40 on Noble Corporation (NE)

[Timothy Smith]

$NE Better-than-expected quarter results driven by three main positive items:

1. Operating efficiency was 96% above average of 93%.

2. Lower operating expenses were $322 million compared to $350 million to $365 million guided.

3. Reduced capital expenditure totaling $89 million compared to $125 million guided (Guidance of $585 million for 2015).