2011

Q 3 - 2011

Q 3 Report 2011 Headlines

• Delivery of the last two rigs from National Oilwell Varco (NOV)
• All six rigs on contracts
• Strong rig performance with 98% utilization rate
• Cash positive with EBITDA of USD mill 2,1 in 3Q 2011
• Listing of Bond Loan Oct 25th 2011

Q 2 - 2011

Q 2 Report 2011 Headlines

• Sale of the 3 Super Single rigs for USD 21 mill (March/April)
• Purchase contract signed for 3 new NOV Ideal 1500 HP Rigs (April)
• New long term contract for the first delivered
  NOV Ideal 1500 HP Rig (Rig 24)
• Refinancing
  

Q 1 - 2011

Q 1 Report 2011 Headlines

• Q1 was EBITDA-positive, NOK 6,8 mill.
• Strong utilization rate for the SuperTech 1500 rigs, 98%
• Sales of the Super Single rigs by early April 2011 at fair prices

2010

 Årsrapport 2010 (engelsk, utvidet utgave)

Årsrapport,

forenklet,

norsk utgave

 Rapport

Q 4 - 2010

Q 4 Report 2010 Headlines

• All the SuperTech 1500 rigs are on short to medium term contracts

• The Super Singles rigs have had limited utilization

• EBITDA positive in Q4

 Report  Q 3 2010

Q 3 Report 2010 Headlines:

• All three SuperTech 1500
  Rigs delivered and on contracts

• Electric Rig sold (loss of 9 mill NOK)

• Operating organization in NorAm counts 120 people

• Marked conditions are improved for new efficient rigs

 Report Q 2 2010

Q 2 Report 2010 Headlines:

• Renewed interest in shale gas
• Rig 21 was delivered in May 2010, mobilizing immediately on 6 month contract with major independent oil & gas company
• New contracts with major independent for Rig 22 and 23
  

 Report  Q 1 2010

 Årsrapport 2009, norsk

Årsrapport 2009, utvidet utgave, kun på engelsk

 2009

 Report Q 4 - 2009 

 Report Q 3 - 2009