Ausdrill up on new contracts

UPDATE 1.55pm: Shares in Ausdrill jumped after the company announced a range of new contracts and a contract extension.

The jobs, for the company's African subsidiary African Mining Services, include a 12-month contract (with four-year extension option) at AngloGold Ashanti's Iduapriem mine in Ghana worth $US18 million and a 36-month (with 12 month extension option) contract for the gold miner's Siguiri mine in Guinea worth $US135 million.

Ausdrill has also secured a five-year extension to its contract with Endeavour Mining at the company's Nzema gold mine in Ghana worth $US147 million.

Another Ausdrill subsidiary, Energy Drilling Australia, has won two contracts with Senex Energy in the Cooper Basin and a six-to-nine-month contract with Statoil in the South Georgina Basin.

Managing director Ron Sayers said the contracts boded well for a better 2015 for Ausdrill.

"We are also pursuing additional work with other tender opportunities both in Africa and Australia and we anticipate securing additional work in the next six months," he said.

Ausdrill shares closed up nine cents, or 9.23 per cent, at $1.065.

The West Australian

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