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Drilling Contract Has ‘Latent Ambiguity’ (access required)

In this dispute over defendant drilling company’s demand for $14 million for drilling rig standby charges under a contract and addendum, the Abingdon U.S. District Court says there is a latent ambiguity in the terms of the addendum, and denies plaintiff’s motion for judgment on the pleadings in its declaratory judgment action. Plaintiff Knox Energy LLC ...