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Prospector Offshore Drilling SA Announces Extension of Expiry Dates on Two Rig Construction Option Agreements; Company's CFO Steven A. Manz Resigns

Sunday, 7 Apr 2013 09:54pm EDT 

Prospector Offshore Drilling SA announced that it has reached an agreement with Dalian Shipbuilding Industry Offshore Co., Ltd. (DSIC Offshore) to extend the expiry dates on two of its rig construction option agreements that were previously due to expire on March 31, 2013. These rig construction option agreements (New Option Agreement No. One and New Option Agreement No. Two), which were entered into on April 2, 2011, will now expire on June 30, 2013. The Company's other outstanding rig construction option agreement with DSIC Offshore (Option Agreement No. 3), which was entered into on June 19, 2010, has expired. In addition, the Company announced that Chief Financial Officer, Steven A. Manz resigned from the Company effective April 9, 2013. Mr. Manz joined the Company as one of the co-founders in 2010. 

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