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Lifeline for driller

Creditors likely to take a haircut.

Noel Dyson
NRW can use the deal to broaden its eastern states reach. It is already working at Middlemount.

NRW can use the deal to broaden its eastern states reach. It is already working at Middlemount.

However, it is likely they will take a haircut on what they are owed. The deal is not for the entire Hughes Drilling business though, just its contract drilling business held in entities JSW and HD1....

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