Eurasia Drilling Company Limited released its update for 2012 and activity outlook for calendar year 2013, which includes revenue and EBITDA margin guidance. It is the Company's intention to continue disclosing this additional guidance in future years. The financial data is based on management's assessment and has not been reviewed by external auditors.

Offshore Drilling Services 2013 Outlook

• The SATURN jack-up drilling rig continues operations in the Turkmen sector of the Caspian Sea for Petronas Carigali Sdn Bhd under a new three-year contract effective January 9, 2013. • The ASTRA jack-up drilling rig is currently committed to a full twelve-month program in 2013, and is scheduled to operate in the Russian and Kazakh sectors of the Caspian Sea at attractive day-rates. • We will continue to provide drilling services on Lukoil's Yu. Korchagin field ice-resistant platform throughout the year, drilling complex extended reach wells. • Our third jack-up rig, new-build NEPTUNE, is currently being assembled in a shipyard in the Caspian Sea, with the rig expected to begin operations in the third quarter of 2013. • Construction of our fourth jack-up drilling rig, new-build MERCURY, is proceeding as planned with expected completion near the end of 2014. The first rig component shipments are expected to start at the end of 2013.

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