DryShips Wins Drilling Contract

Posted in pre-market 
September 28th, 2010

DryShips Inc. (NASDAQ: DRYS) is up 7.61% in pre-market trading this morning to $4.81.  This move follows news that the company a Letter of Award for exploration drilling offshore West Africa.  The contract is estimated to be worth $135 million.

DryShips has traded 786,439 shares so far this morning at 8:35 AM EST.  The gain comes during a 52-week range of $3.28 to $7.62.

-Michael B. Sauter

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