Key Developments: KS Energy Ltd (KSTL.SI)

KSTL.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

KS Energy Ltd does not declare dividend for FY 2013
Wednesday, 26 Feb 2014 06:17am EST 

KS Energy Ltd:No dividend has been declared or recommended for the period ended Dec. 31, 2013.  Full Article

KS Energy Ltd's subsidiary secures contract to provide drilling rig in vietnam
Monday, 17 Feb 2014 04:17am EST 

KS Energy Ltd:Says wholly-owned subsidiary of KS Drilling Pte. Ltd. has secured a contract for the provision of a new 300ft drilling rig in Vietnam for Vietsovpetro.Says contract is for a period of one year with an option to extend for an additional one year and is due to commence in the second quarter of the FY2014.Says total value of the contract, excluding the potential extension, is about $58 mln.  Full Article

KS Energy Ltd announces incorporation of new subsidiary
Thursday, 16 Jan 2014 04:19am EST 

KS Energy Ltd:Says KS Rig Invest Pte Ltd., a wholly-owned subsidiary of KS Drilling Pte. Ltd, 80 pct owned subsidiary of the Company had, on Jan. 15, incorporated a wholly-owned subsidiary known as KS Rig Invest Three Ltd in the British Virgin Islands.Says incorporates with the initial issued and paid up capital of $ 1000 com prising of 1000 shares of $1 each.Says principle activity is to engage in the ownership, operation and leasing of equipment and provision of services to the oil and gas industry.Says aforesaid establishment was funded by internal resources and is not expected to have any material impact on the net tangible assets or earnings per share of the Company for the financial year ending Dec. 31.  Full Article

KS Energy Ltd announces members voluntary liquidation of non-active subsidiaries
Monday, 30 Dec 2013 04:12am EST 

KS Energy Ltd:Says its subsidiaries United Oilfield Services Pte. Ltd. and Harta Holding Pte. Ltd. have commenced members voluntary liquidation, as they have ceased operations for some time, and their respective shareholders and directors do not envisage any future business activity.  Full Article

KS Energy Ltd announces members voluntary liquidation of Girdnal Oilfield Services, Inc.
Wednesday, 18 Dec 2013 04:18am EST 

KS Energy Ltd:Says Girdnal Oilfield Services, Inc. a dormant company incorporated in the United States of America, in which it has an effective shareholding of 61.03 pct, had completed its members voluntary liquidation.  Full Article

KS Energy Ltd's subsidiary announces incorporation of new subsidiaries in singapore
Friday, 13 Dec 2013 04:11am EST 

KS Energy Ltd:Says KS Drilling Pte. Ltd. (KS Drilling), an 80%-owned subsidiary of the company, has incorporated a wholly-owned subsidiary company known as KS Rig Invest Pte. Ltd.Says KS Rig Invest Pte. Ltd, is incorporated in Republic of Singapore, on Dec. 09, with issued share capital of S$10,000, its principal activity is investment holding.Says KS Rig has in turn incorporated two wholly-owned subsidiaries, namely KS Rig Invest One Pte. Ltd. and KS Rig Invest Two Pte. Ltd.Says both these subsidiaries are incorporated in Republic of Singapore on Dec. 13, with issued share capital of S$1,000.00 each, its principal activity is investment holding are ownership and leasing of equipment and provision of services to the oil and gas industry respectively.  Full Article

KS Energy Ltd announces striking off of indirect wholly-owned subsidiary
Wednesday, 11 Dec 2013 04:31am EST 

KS Energy Ltd:Says its indirect wholly-owned subsidiary, KSE (Philippines) Pte. Ltd, incorporated by the company’s wholly-owned subsidiary, KS Resources Pte. Ltd., has on Dec.11 submitted an application to the Accounting and Corporate Regulatory Authority to strike-off its name off the Register.Says KSE Philippines has been dormant since its date of incorporation on Sept.30.  Full Article

KS Energy Ltd Does Not Declare Dividend
Wednesday, 13 Nov 2013 04:56am EST 

KS Energy Ltd announced that no dividend has been declared or recommended for the period ended September 30, 2013.  Full Article

KS Energy Ltd's Subsidiary Signs MOA With Empresas ICA, S.A.B. de C.V.
Sunday, 6 Oct 2013 07:36pm EDT 

KS Energy Limited (KS Energy) announced that its move into Mexico with the signing of a Memorandum of Agreement (MOA) with one of Mexico's conglomerate Empresas ICA, S.A.B. de C.V. (ICA). Under the terms of the MOA, a limited liability company will be established to be jointly owned by ICA and KS Drilling Pte Ltd (KS Drilling), an 80% owned subsidiary of KS Energy. The jointly controlled entity (JCE) will provide drilling services and heavy capital equipment for the offshore oil and gas exploration market in Mexico. By 2014, the JCE is expected to initially require two new jack-up drilling rigs valued at approximately USD240 million each.  Full Article

KS Energy Ltd Announces Liquidation Of Dormant Subsidiary
Monday, 9 Sep 2013 05:31am EDT 

KS Energy Ltd announced that its wholly owned subsidiary KS Oilfield Equipment Pte. Ltd. (KSOE) has been placed under members’ voluntary liquidation.  Full Article

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