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Cabo Drilling Corp.

01:14 PM EST - Cabo Drilling Corp. : reported fourth-quarter net income of $581 thousand or $0.01 per share, compared to $162 thousand or breakeven per share for the quarter. Revenue for the quarter increased to $14.6 million from $11.7 million in the year ago quarter. Cabo Drilling Corp. shares V.CBE are trading down 3 cents at $0.15.