Oil & Gas Drilling

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Songa Offshore completes subsequent offering

Monday, 10 Mar 2014 03:30am EDT

Songa Offshore SE:Completes subsequent offering of up to 61,000,000 shares at 2.50 Norwegian crowns per offer share.Says 61,000,000 Offer Shares have been issued.Says following the completion of the Subsequent Offering, the company's issued and outstanding share capital is 96,130,379.84 euros divided into 873,912,544 shares, each with a par value of 0.11 euro.

Songa Offshore SE announces completion of subscription period for subsequent offering

Tuesday, 25 Feb 2014 02:30am EST

Songa Offshore SE:Says the subscription period in the subsequent offering expired as at the end of Feb. 24.Says the subsequent offering was fully subscribed and it is expected that the company as a result of the subsequent offering will issue 61,000,000 offer shares at 2.50 Norwegian crowns per share raising gross proceeds of 152,500,000 Norwegian crowns.Says all subscribers being allotted offer shares will receive a letter confirming the number of offer shares allotted to the subscriber and the corresponding amount to be paid and the letter is expected to be distributed on or about Feb. 26.Says payment for offer shares will fall due on Feb. 28 and delivery will take place on or about March 7.Says following issue of the offer shares the total number of issued shares in the company is expected to increase by 61,000,000 shares, from 812,912,544 shares to 873,912,544 shares.Says the offer shares will be admitted to trading on Oslo Bors immediately following delivery.Says Fearnley Securities AS and Swedbank First Securities are acting as joint lead managers and joint bookrunners for the subsequent offering.

Songa Offshore announces subsequent offering

Wednesday, 5 Feb 2014 02:39am EST

Songa Offshore SE:Says subscription period for the subsequent offering of up to 61,000,000 additional shares in the company announced in Nov. 2013 commences on Feb. 10 and expires at 16:30 hours (CET) on Feb. 24th.Says the subscription price per offer share is 2.50 Norwegian crowns, equal to the subscription price in the private placement.

China Oilfield Services Ltd announces completion of placing

Wednesday, 15 Jan 2014 05:58am EST

China Oilfield Services Ltd:Says all the conditions as set out in the placing agreement have been fulfilled and the placing completed on Jan. 15 in accordance with the terms and conditions of the placing agreement.An aggregate of 276,272,000 new H Shares, representing about 5.79 pct of the total number of issued shares as enlarged by the allotment and issue of the placing shares, have been successfully allotted and issued by the company.At the placing price of HK$21.30 to no fewer than six but no more than ten Placees, who and whose ultimate beneficial owners are third parties independent of the company and its subsidiaries and are not connected persons of the company.The gross and net proceeds raised from the placing were about HK$5,884,593,600 and HK$5,819,392,302.91, respectively.

China Oilfield Services Ltd announces placing of new H shares under general mandate

Tuesday, 7 Jan 2014 09:53am EST

China Oilfield Services Ltd:Says that on Jan. 7, the Company entered into the Placing Agreement with the Placing Agents in relation to the placing of an aggregate of 276,272,000 new H Shares with an aggregate nominal value of 276,272,000 yuan.Says at the Placing Price of HK$21.30 per Placing Share (exclusive of brokerage (if any), the Hong Kong Stock Exchange trading fees and the SFC transaction levy).Says a net Placing Price of HK$21.06 per Placing Share to no fewer than six but no more than ten independent professional, institutional and/or individual investors.Says the Completion is expected to take place on Jan. 15 or such other date as the Company and the Placing Agents may agree in writing.Says the Placing Shares will be allotted and issued by the Company under the General Mandate.Says on the assumption that all Placing Shares are fully placed, the aggregate gross proceeds from the Placing are expected to be about HK$5,884,593,600.00.Says the aggregate net proceeds from the Placing, after deducting the commission and expenses of the Placing, are expected to be about HK$5,819,392,302.91.Says the company intends to use the net proceeds from the Placing for general corporate purposes.Says Placing Agents are China International Capital Corporation Hong Kong Securities Limited, Credit Suisse (Hong Kong) Limited, J.P. Morgan Securities plc, Goldman Sachs (Asia) L.L.C. and Morgan Stanley & Co. International plc.

Perestroika to submit mandatory offer for shares in Songa Offshore after reaching over 50 pct ownership

Tuesday, 17 Dec 2013 02:52am EST

Songa Offshore SE:Says the company's private placement and convertible bond issue have been fully subscribed.Says Perestroika AS has subscribed for shares securing Perestroika AS and related parties at least a 50.1 percent ownership in the company.Say out of the shares to be issued to Perestroika AS in the private placement, 132,287,456 shares were issued on Dec. 17 pursuant to an existing board authorization according to the refinancing plan.Says until Dec. 17 Perestroika AS and related parties owned 60,292,194 shares in the company, corresponding to an ownership of 29.7 percent.Says the issue of Dec. 17 of the above mentioned 132,287,456 shares will bring Perestroika AS alone to an ownership of 185,220,650 shares , or 55.26 percent of the new total number of shares.Says the issue of shares to Perestroika AS thus triggers a mandatory offer and Perestroika AS will submit such an offer.

Trinidad Drilling Ltd announces closing of bought deal equity financing

Monday, 16 Dec 2013 09:16am EST

Trinidad Drilling Ltd:Says the closing of its previously announced bought deal equity financing.Says at closing, a total of 17,250,000 common shares were issued at a price of $10.00 per common share for gross proceeds of $172.5 million.Says amount included the full exercise by the underwriters of their over-allotment option to purchase up to an additional 2,250,000 common shares.Says the offering was underwritten by a syndicate led by Raymond James Ltd. and including RBC Dominion Securities Inc., FirstEnergy Capital Corp., Scotia Capital Inc., TD Securities Inc.Says the offering was also underwritten by Canaccord Genuity Corp., CIBC World Markets Inc., Cormark Securities Inc., Paradigm Capital Inc. and Peters & Co. Limited.Says the net proceeds raised from the Offering are expected to be used to fund upcoming capital expenditures on new and existing assets, as well as for potential growth initiatives and general corporate purposes.

Seadrill Partners LLC announces full exercise of underwriters' option, closing of public offering and closing of private placement to SeaDrill Ltd

Monday, 9 Dec 2013 02:00pm EST

Seadrill Partners LLC:Says its previously announced public offering of 11,200,000 common units representing liability company interests at a price of $29.50 per common unit has closed.Says in addition, the underwriters exercised in full their option to purchase an additional 1,680,000 common units.Says the total number of common units sold in the Offering was therefore 12,880,000.Says concurrently with the closing of the Offering, SeaDrill Ltd purchased directly from the company 3,394,916 common units at a price of $29.50 per unit.Intends to use the net proceeds to fund its portion of the cash purchase price in connection with proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius, respectively.Says Citigroup, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and RBC Capital Markets acted as the joint bookrunning managers.Says DNB Markets, Fearnley Securities and Global Hunter Securities acted as co-managers, in connection with the Offering.

Seadrill Partners LLC announces pricing of public offering of 11,200,000 common units

Wednesday, 4 Dec 2013 02:17am EST

Seadrill Partners LLC:Says it priced its offering of 11,200,000 common units representing liability company interests in a public offering at a price of $29.50 per common unit.Says the company has granted the underwriters a 30-day option to purchase up to an additional 1,680,000 common units.Says in addition, and concurrently with the closing of the public offering, Seadrill Limited has agreed to purchase directly from the company 3,394,916 common units at a price of $29.50 per unit.Says it intends to use the net proceeds from the public offering and the concurrent private placement to Seadrill to fund its portion of the cash purchase price.Says which is in connection with the previously announced proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius, respectively.Says Citigroup, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and RBC Capital Markets are acting as the joint bookrunning managers.Says DNB Markets, Fearnley Securities and Global Hunter Securities are acting as co-managers, in connection with the offering of common units.

Seadrill Partners LLC announces public offering of 12,900,000 common units

Monday, 2 Dec 2013 04:21pm EST

Seadrill Partners LLC:Says that it plans to offer 12,900,000 common units representing liability company interests in a public offering.Says In addition, and concurrently with the closing of the public offering, Seadrill Limited has agreed that it will purchase $50.0 million of common units at the public offering price.Says the company intends to use the net proceeds from the public offering to fund its portion of the cash purchase of proposed acquisitions by Seadrill Operating LP and Seadrill Capricorn Holdings LLC of the semi-submersible drilling rigs, the West Leo and the West Sirius.Says Citigroup, BofA Merrill Lynch, Goldman, Sachs & Co., Morgan Stanley, Wells Fargo Securities, Deutsche Bank Securities and RBC Capital Markets are acting as the joint bookrunning managers.Says DNB Markets, Fearnley Securities and Global Hunter Securities are acting as co-managers, in connection with the offering of common units.

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