Aban Offshore Ltd has announced that Venture Drilling AS, in which the Company's subsidiary Aban Singapore Pte Ltd (ASPL) has a 50% indirect shareholding, has agreed with ExxonMobil for a six month extension of the present drilling contract, in direct continuation and on same terms (at an Operating Day Rate of USD 425,000 after withholding tax). The extended period is likely to Last till July 2009.
The stock closed the day at Rs.2814.05, up by Rs.106.70 or 3.94%. The stock hit an intraday high of Rs.2842 and low of Rs.2678.
The total traded quantity was 68312 compared to 2 week average of 92775.
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