Aban Offshore receives order for deployment of new jack-up rig

Aban Offshore Ltd has announced that a Letter of Intent has been received for deployment of the new built jack-up rig "Deep Driller 8" offshore India for a two firm well + two optional well program.The firm period of the Contract, expected to commence following the delivery of the rig from the yard in the first quarter of 2009, is likely to last for 150 days with an estimated revenue of USD 30 million during the firm period.The stock was trading at Rs.2600, up by Rs.31.90 or 1.24%. The stock hit an intraday high of Rs.2610 and low of Rs.2565.The total traded quantity was 15552 compared to 2 week average of 91531.