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For Auction: Rig Auction
NOTICE OF SALE OR FORECLOSURE AUCTION Please take notice that Ibdar Bank BSC (c) (“Lender”) will conduct a public auction and/or foreclosure sale of certain collateral currently owned by Targetline Investments Ltd. (“Targetline”). Lender is the holder of an unpaid purchase money Promissory Note guaranteed by a fully perfected security interest in an LTI 3000 HP Land Rig fitted for Deep Drilling and its drawworks, mast, substructure, power system, top drive, mud pumps, mud system, instrumentation, BOP equipment and choke manifold (the “Collateral”) as evidenced by the Lender's UCC-1 Statement filed in the District of Columbia on February 2, 2016. For information on how to participate, please contact James E. Rogers at 713-968-3861 or Bidder qualification and a deposit is required to participate. Qualification ends on December 15, 2017 at 5:00 pm Central Time. If one or more bidders satisfy the qualification process, a public auction will be conducted on December 20, 2017, at 10:00 am, at Akerman LLP, 1300 Post Oak, 25th Floor, Houston, Texas 77056. ...
Location: Houston and Other Date Posted: Wednesday, November 22, 2017
Condition: Used Price:
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