XML 22 R24.htm IDEA: XBRL DOCUMENT

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2013
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On October 3, 2013, we entered into a definitive agreement for the sale of our standard jackup drilling unit, the Vicksburg, to Gulf Drilling International Ltd (Q.S.C.) for a sales price of $55.4 million. As of September 30, 2013, the carrying value of the rig and its related inventory was approximately $21.5 million. The closing of the sale is expected to occur in January 2014 following the completion of the unit’s contract with its current customer, CEC International, Ltd. The transaction is subject to customary closing conditions. On October 31, 2013, we entered into a stock purchase agreement for the sale of one of our wholly owned subsidiaries which is the owner of our semisubmersible tender assist drilling rig, the Seahawk, to Delta Group FZE for a sales price of $6.0 million. As of September 30, 2013, the carrying value of the rig and its related inventory approximates its sales price. The closing of the sale is expected to occur in November 2013 subject to customary closing conditions.