Mermaid Maritime Public's General Manager resigns

James McGhee Nico was in charge of managing and overseeing the day-to-day operations of the offshore tender rig drilling and accommodation barge business.

The Board of Mermaid Maritime Public announced the resignation of James McGhee Nicol effective April 13, 2012 to pursue personal interests.

The Company has re-appointed Mr. Stephen Gregor Lenz as Executive Director of Mermaid Drilling Ltd. Mr. Nicol’s responsibilities will be assumed by Mr. Lenz upon his return. In the interim, all functions within Mermaid Drilling Ltd. shall report to the Company’s Chief Executive Officer, Mr. Bruce Muir Gemmell, according to a Mermaid Maritime Public report.

Mr. Nicol, 52, has been the General Manager of Mermaid Drilling Ltd. since 1 November 2010. Throughout this time, he led and maintained sound operating standards for the Company's tender rigs. The Company would like to thank him for his contributions and insights and wish him well.