Ability Drilling AS (OSL:ADRL) Ability Drilling's Contract In Jordan Concluded

Ability Drilling AS (OSL:ADRL) Date: 16 January 2009

Ability Drilling's contract in Jordan concluded

Ability Drilling has concluded its work with customer Porosity Ltd. in Jordan. The termination comes after completion of the tests of the first well. Land rig 1, which has been employed by Porosity Ltd. since June, will now undergo maintenance before being offered to new customers. Ability Drilling is in negotiations with other potential customers for new employment for the rig.

Ability Drilling's Land rig 1 started operations in Jordan on 10 June 2008. The rig operated on a 7 month contract with Porosity Ltd.

"We have learned a lot during this operation, where we had some operational challenges in the first few months," says CEO Hans Petter Eikeland;"we are now much better prepared for our next mission in the region. The discontinuation of the contract with Porosity means that Ability Drilling is free to negotiate other drilling projects for the rig".

For further information, please contact:

CEO Hans Petter Eikeland, phone +47 56 32 43 43, or +47 93 20 81 77

About Ability Drilling ASA: Ability Drilling aims to become the preferred operator and provider of Rack & Pinion (R&P) rigs in its defined core markets, by combining fourth generation drilling technology with outstanding drilling experience from offshore North Sea exploration and production activities.

The Company currently targets onshore oil operations in the MENA (Middle East North Africa) market, the geothermal market in Europe, as well as the market for drilling of LNG reservoirs. Both the land rig market in MENA and the geothermal segment in Europe are markets with strong growth and significant potential, while the market for drilling of LNG reservoirs is an emerging growth segment. Ability Drilling targets extension of the geographical footprint within all current focus areas.

Ability Drilling has so far ordered 11 rigs, of which 9 land rigs, one 150 T workover rig and one 150 T Ultra Light Drilling Rig. In addition, the company has options with construction partner TTS Sense for 33 additional land rigs and 40 additional workover rigs.

Ability Drilling is listed on Oslo Axess, with ticker ADRL.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

Ability Drilling AS

http://www.ability-drilling.com/

ISIN: NO0010333024

Stock Identifier: OSE.ADRL