HAMILTON, BERMUDA -23 October 2009

Scorpion Vigilant Ltd. ("Scorpion" or "the Company"), a wholly-owned
subsidiary of Scorpion Offshore Ltd., received a letter of intent
("LOI") from an independent US oil and gas company for a drilling
program for the Offshore Vigilant offshore Trinidad. The program
includes one exploratory well, one completion, and one recompletion,
with an estimated duration between 95 and 135 days. Additionally, the
operator shall have the right to an Optional Period including one
development well, one completion and one recompletion, with an
additional estimated duration of 60 to 75 days. The contract is
expected to begin on or before 1 December 2009 and has a firm
estimated value of US$ 10.5 to 15 million.

In early October, the Offshore Vigilant completed the first of two
wells for UrdanetaGazprom-1 S.A. ("Gazprom"). Gazprom was not in a
position to commence operations on the second well and is currently
in discussions with the Company regarding the timing of operations on
the second well, which is estimated to be at least 5.5 months
commencing in continuation of the work in Trinidad.

Scorpion Offshore Ltd. is a Bermuda based corporation founded in 2005
to own and operate state-of-the-art offshore drilling rigs.

Contacts:

Jon Cole, President and CEO (713) 728-6100
Mark Mey, SVP and CFO (713) 728-6100
www.scorpionoffshore.com


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