Notice of Proposed Compromise and Settlement Between Seahawk Liquidating Trust and Pride International, Inc.

DALLAS, Dec. 13, 2011 /PRNewswire/ -- On December 13, 2011, the Liquidating Trustee of the Liquidating Trust of Seahawk Drilling, Inc. and its affiliated debtors, together with certain Seahawk Mexican subsidiaries on the one hand, and Pride International, Inc., together with Pride Deepwater USA, Inc., Pride Offshore International LLC, Pride North America LLC, Pride South Pacific LLC, Pride Tennessee LLC and Pride Wisconsin LLC  on the other hand, jointly filed the Emergency Joint Motion of Liquidating Trustee and Pride International, Inc. to Compromise and Settle Adversary Proceeding and Objections to Claims of Pride International, Inc. [Claim Nos. 368, 371] [Docket No. 1679] (the "Motion") in the confirmed chapter 11 bankruptcy case In re Seahawk Drilling, Inc., et al., Case No. 11-20089 in the United States Bankruptcy Court for the Southern District of Texas, Corpus Christi Division.  Copies of the Motion may be obtained free of charge at www.kccllc.net/seahawk or by calling 866-967-0670.

The Bankruptcy Court has scheduled a hearing on the Motion on December 22, 2011, at 2:00 p.m. (Central) at the United States Bankruptcy Court, 1133 North Shoreline, 2nd Floor, Corpus Christi, Texas 78401.  The Court has set a deadline for filing and service of any objections to the Motion of Tuesday, December 20, 2011, at 4:00 p.m. (Central). 

About Seahawk Drilling
Seahawk Drilling, Inc. was an offshore drilling company headquartered in Houston, Texas. Additional information may be found at www.seahawkdrilling.com.

For more information, please contact:
Seahawk Drilling Liquidating Trust Information Line
866-967-0670

SOURCE Seahawk Drilling, Inc.