Forster Drilling enters into contract with Chesapeake Operating
  by: OilOnline
  Wednesday, September 20, 2006

Forster Drilling Corporation has announced today that its wholly-owned subsidiary, Forster Drilling, Inc., has signed a one-year drilling contract with Chesapeake Operating of Oklahoma City, OK whereby it agreed to furnish a rig and necessary labor in exchange for a $16,000 dayrate. In addition to this rig, Forster has six additional rigs in various stages of refurbishment at its Odessa, TX rig-up and manufacturing facility.