Mobilization of the rig is expected to commence this week. It is expected to take 50 days to drill and test wells in this area.

Upon completion of this contract, it is anticipated that the rig will be mobilized into Colombia where several customers require such technology and it is expected that a long term contract will be entered into, Tuscany said.

Headquartered in Calgary, Alberta, Tuscany is engaged in the business of providing contract drilling and work-over services along with equipment rentals to the oil and gas industry. The company is currently focused on providing services to oil and natural gas operators in South America.