68.2 million / 90 days = $757,000... HUGE !!!! First slot filled and more short term contracts to come.... First slot important and will give Bragg's time to fill the period till July 2014 contract which is 2+ years !!!!!
If this info is accurate, this is when he should be leveraging existing 90 day contract prices and locking up the rate for the following short term contract, etc... "never let 'em see you sweat." JMHO.
There are 5 possible deals in that could take the rig. As Bragg said, "its first come first serve." WHichever one comes with the final and best offer will get the rig. Tungsten is in very high demand. The 757,000 is an amazing day rates and blows away all expectations. I heard that on the call as well. August for a start date is great as well.