10:02 AM EST - Tuscany International Drilling Inc. : announced that it has closed its previously announced disposition of its Africa business unit to Etablissements Maurel & Prom pursuant to which, through the acquisition of the issued and outstanding shares of Caroil SAS, a wholly-owned subsidiary of Tuscany, M&P indirectly acquired Tuscany's business operations in Africa which was primarily comprised of nine drilling and workover rigs, associated inventory and related drilling contracts and obligations in respect of the French branch office of Caroil. Caroil's business operations in Colombia, including six drilling and workover rigs, associated inventory and related drilling contracts, have been transferred to a wholly-owned subsidiary of Tuscany. Tuscany International Drilling Inc.
shares T.TID are trading up $0.01 at $0.08.
