DALLAS, Nov. 4, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring DryShips Inc. (Nasdaq:DRYS). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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DryShips Inc. (DRYS), through its subsidiaries, engages in the ownership and operation of drybulk carriers and drilling rigs that operate worldwide. Its drybulk fleet principally carries various drybulk commodities, including bulk items comprising coal, iron ore, and grains; and minor bulk items, such as bauxite, phosphate, fertilizers, and steel products. As of April 6, 2010, the Company owned and operated a fleet of 39 drybulk carriers consisting of 7 Capesize, 28 Panamax, 2 Supramax vessels, and 2 Panamax newbuilding vessels with a combined deadweight tonnage of approximately 3.3 million deadweight tonnage (dwt), as well as owned and operated 2 ultra-deep water semi-submersible drilling rigs and 4 ultra deep-water newbuilding drillships.
The Company was founded in 2004 and is based in Athens, Greece.
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In the report, the analyst notes:
"DRYS last month said it has signed an exploration-drilling deal with Vanco Overseas Energy Ltd. worth about $160 million. The Company said the contract may be extended for an extra year or include an additional well, prior to completion of operations on the second well.
"Earlier in October, the Company announced an initial four-well contract for exploration drilling offshore West Africa for a period of about 300 days, commencing in the first or second quarter of 2011. The contract was valued at around $135 million."
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