Hercules In Talks To Manage Two New Shallow-Water Rigs

Hercules Offshore Inc. (HERO) said Wednesday that it is negotiating a contract to manage and market a pair of new harsh-environment drilling rigs that are expected to be ready to operate in 2013.
Hercules, which announced the talks in a regulatory filing, didn't say with whom it is negotiating or where the rigs, which will be able to drill in water depths of up to 400 feet, might operate. The company also said "there can be no assurances" a deal will be reached.
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Source: Nasdaq