SCORE - Scorpion Offshore

[Bushwhacker]

SCORE - OSLO BØRS - NYTT SELSKAP TIL NOT I DAG

20.12.2005 08:29

 

Nytt selskap til notering i dag, 20.12.2005

 

Navn: Scorpion Offshore Ltd.

ISIN: BMG786761061

Ticker: SCORE

Liste: SMB

Pålydende: USD 0.002

Børspost: 200

Totalt antall aksjer: 40.080.385

Ordreboks ID: 31986

 

Scorpion Offshore Ltd. er klassifisert av MSCI (Morgan

Stanley Capital International) og S&P (Standard & Poors)

som 10101010 - Oil & Gas Drilling i GICS

(Global International Classification Standard)

[Bushwhacker]

SCORE - SCORE ANNOUNCES OFFER TO INCREASE SHARE CAPITAL

22.12.2005 08:06

 

Scorpion has received a joint offer from

Fearnley Fonds ASA and First Securities ASA

to issue 750,000 new shares to their clients in

a private placement priced at NOK 50. The

management of Scorpion will recommend to the

Company`s Board of Directors that the offer is

accepted on 22 December 2005.

If so approved, the increase in share capital

will raise approximately USD 5.5 million which

will be used to fund its option for a jacking

kit from LeTourneau.

 

Scorpion Offshore Ltd. (SCORE) Announces Offer

to Increase Share Capital to Fund Kit Option

 

 

HAMILTON, BERMUDA - 21 December 2005

 

Scorpion Offshore Ltd (the `Company`) has

received a joint offer from Fearnley Fonds ASA

(`Fearnley`) and First Securities ASA (`First`)

to issue 750,000 new shares to clients of

Fearnley and First in a private placement priced

at NOK 50. The management of Scorpion will

recommend to the Company`s Board of Directors

that the offer is accepted on 22 December 2005.

If so approved, the increase in share capital

will raise approximately USD 5.5 million which

will be used to fund its option for a jacking

kit (`Kit 5`) from LeTourneau.

 

This Kit (consisting of the legs, jacking

system, cranes and other equipment for one jack-

up drilling rig) has a price of USD 25.85

million, and required payments of 5% on each of

31 October 2005 and 30 November 2005 (both of

which have been made), and a payment of 20% on

28 December 2005. The proceeds from this private

placement will fund the 20% option price. The

remaining purchase price for Kit 5 will not be

due until July 2007, in installments, through

October 2008.

 

Although Scorpion has one additional Kit option

(`Kit 6`), the Company does not intend to

exercise this option.

 

Scorpion Offshore Ltd. is a Bermuda based

corporation founded in 2005 to own and operate

state-of-the-art offshore drilling rigs.

 

Contacts:

 

Jon Cole, CEO (713) 979-5765

Mark Mey, CFO (713) 979-5773

[Laphroaig]

I dagens rapport fra Orion Securities omtales følgende tre selskaper som dagens case. Borgestad skrytes i været og beskrives som et av markedets best bevarte hemmeligheter.

 

 

 

Borgestad (114,25) er et av markedets best bevarte hemmeligheter på tross av at rederiet har over 100 års fartstid på Oslo Børs. Ifølge en analyse som vil bli publisert i dag, er aksjen tydelig underpriset og fortjener en kurs på 145-177. Dette innebærer en oppside på 27-55%, noe som blinker papiret ut som en opplagt kjøpskandidat.

Vi hadde møte med ledelsen i CorrOcean (3,90) tidligere i uken og satt igjen med et positivt inntrykk etter dette. De gode tidene i oljebransjen har så langt ikke vist seg i regnskapene, og dette gjør at aksjen ikke har hatt en like positiv kursutvikling som resten av sektoren. Med bakgrunn i forsiktige anslag mener vi aksjen fortjener en kurs på 5 og anbefaler således kjøp.

Scorpion Offshore (53,00) har kun vært på børs i to uker, og vi er i disse dager i ferd med å ta opp dekning av selskapet. Basert på foreløpige betraktninger fremstår selskapet som klart undervurdert sammenlignet med tilsvarende selskaper som Sinvest, og vi stempler følgelig aksjen som et kjøp selv om det er farlig å trekke bastante konklusjoner før vi er helt ferdige med gjennomgangen.

[Bushwhacker]

SCORE - SCORPION OFFSHORE LTD - FLAGGING

05.01.2006 09:23

 

Frode Teigen har den 5. januar 2006 kjøpt 250.000 aksjer i

Scorpion Offshore Ltd. Han eier med dette 2.206.500

aksjer, tilsvarende 5,40% av aksjekapitalen i selskapet.

[Bushwhacker]

SCORE - BOARD APPROVES RIG #5 AND INCREASE IN SHARE CAPITAL

06.01.2006 07:45

 

The Board of Directors of Scorpion Offshore Ltd.

today approved the exercise of its option to

construct its 5th LeTourneau Super 116 jack-up

drilling rig at Keppel AmFELS in Brownsville,

Texas, subject to raising sufficient funds to

meet the down payment requirements of the

shipyard and equipment suppliers. Accordingly,

Scorpion plans to raise up to USD 25 million

through the private placement of additional

authorized shares at market price.

 

Scorpion Offshore Ltd. Approves Construction of

Rig #5 and Increase in Share Capital

 

 

HAMILTON, BERMUDA - 5 January 2006

 

The Board of Directors of Scorpion Offshore Ltd.

(the `Company`) today approved the exercise of

its option to construct its 5th LeTourneau Super

116 jack-up drilling rig at Keppel AmFELS

(`AmFELS`) in Brownsville, Texas, subject to

raising sufficient funds to meet the down

payment requirements of the shipyard and

equipment suppliers. Accordingly, the Company

plans to raise up to USD 25 million through the

private placement of additional authorized

shares at market price.

 

On 28 December 2005, the Company procured an

option from AmFELS to construct Rig #5 which has

a projected delivery in November 2008. This

option, which is valid until 18 January 2006,

requires that the Company pay AmFELS USD 13

million prior to this date. On 27 December 2005

the Company also exercised its outstanding

option to purchase a `Kit` comprised of the

legs, jacking system and cranes for a Super 116C

from LeTourneau Inc. The Company intends to use

this `Kit` in the construction of its 5th rig,

which will be named the `Offshore Intrepid`. No

further payments are due to either AmFELS or

LeTourneau on the Offshore Intrepid until the

first quarter of 2007.

 

The Company plans to raise the above referenced

funds as soon as possible, but, in any event,

before 18 January 2006. Proceeds will be used to

make down payments to the shipyard, and to the

providers of drilling and other equipment

required to construct the Offshore Intrepid. The

balance will be used for general corporate

purposes.

 

The Company will inform the market of the price,

date and number of shares to be issued upon

completion of the private placement.

 

Scorpion Offshore Ltd. is a Bermuda based

corporation founded in 2005 to own and operate

state-of-the-art offshore drilling rigs.

 

Contacts:

 

Jon Cole, CEO (713) 979-5765

Mark Mey, CFO (713) 979-5773

www.scorpionoffshore.com

[christle]

Hei

 

Har kjøpt i Score. Tror JF tar hele selskapet straks. Fra HO.:

 

Tilbake til: Offshore

Innlegg av: Pathfinder (21.01.08 15:39 ), lest 0 ganger

Ticker: SCORE

SCORE: kursfallet perfekt for Fredriksen - snarlig bud?

SDRL kjøpe nylig 500k til snitt på kr 61.95. De kontrollerer 15% av selskapet (se børsmelding nedenfor).

 

Ifølge Finansavisen er det ventet at SCORE tjener kr 11.75 pr aksje i år og 14.28 neste år. Det betyr at over 40% av selskapets kursverdi tjenes inn i løpet av disse årene (forutsatt at skatt er beregnet).

 

Dersom man tror på oppkjøp av SCORE kommer budet med det første. Et bud på 75-80 har alle forutsetninger får å gå inn i dagens marked. Å ha noen SCOREaksjer i porteføljen kan derfor være smart.

------

On January 16, 2008, Seadrill purchased 500,000

shares in Scorpion Offshore Ltd. at an average price of NOK61.95.

Following these transactions Seadrill controls 8,532,300 shares,

corresponding to 15.93 percent of the outstanding shares in Scorpion Offshore Ltd.

 

The total ownership percentage has been calculated based on an issued

share capital in Scorpion Offshore Ltd of

53,549,279 shares.

[christle]

Hei

 

De store kjøper mer... US Hedgefund øker...

 

24/01-2008 08:41:18: (SCORE) Disclosure shareholdings

On behalf of funds managed by QVT Financial LP,

QVT Financial LP purchased 127,000 shares in

Scorpion Offshore Ltd. 22nd January 2008.

 

The funds managed by QVT Financial LP hereafter

own a total of 2,724,300.00 shares in Scorpion

Offshore Ltd. equal to 5.1 % of the outstanding

shares.

 

For further information, please contact Meg

Nowicki at QVT Financial LP at

+ (212) 705-6229.Ekstern link: http://www.newsweb.no/index.jsp?messageId=201371

 

 

Nyheten er levert av OBI.

 

Om QVT

QVT Financial LP is a New York-based multi-strategy hedge fund manager with approximately $5 billion in assets under management. Originally a highly successful proprietary trading group at Deutsche Bank, QVT was launched in 2003. The fund invests globally across multiple strategies, including various relative value-driven equity strategies such as risk arbitrage, fundamental relative value, statistical trades and other special situations. Unlike most other funds with comparable capital bases, QVT has elected to employ a small number of highly talented generalists

[alphatech]

Det er vel to grunner til at et firma som QVT kjøper i Scorpion. De forventer et oppkjøp eller ser på dette som et value case som kommer til å bli synlig ut over 2008, etter hvert som rigger kommer i arbeid. På resultatpresentasjonen 28. februar er det første gang man har hatt en rigg i arbeid hele kvartalet.

[christle]

Hei

 

Tank Jon handler og handler...

 

06/02-2008 08:42:22: (SDRL) SDRL - Disclosure regarding Scorpion Offshore Ltd

On February 5, 2008, Seadrill purchased 282,800 shares in Scorpion

Offshore Ltd. at an average price of NOK55.96. Following these

transactions Seadrill controls 10,968,200 shares, corresponding to

20.48 percent of the outstanding shares in Scorpion Offshore Ltd.

 

The total ownership percentage has been calculated based on an issued

share capital in Scorpion Offshore Ltd of 53,549,279 shares.

 

 

 

Seadrill Limited

Hamilton Bermuda

February 5, 2008

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)Ekstern link: http://www.newsweb.no/index.jsp?messageId=202184

[christle]

Hei

 

Sendte følgende e-post til Scorpion i går:

 

To whom it concern,

 

I would be pleased if you could answer the following question.

 

In my point of view, the share price of Scorpion Offshore does not reflect the value of the company. This increases the probability of a (hostile) takeover, and a situation where it is accepted by (uninformed) shareholders. One of the least costly way to reduce the probability of a hostile takeover and also to provide value and important information to the market and shareholders, is to provide a frequently updated list (once a week) of the major shareholders (for example the 20 largest).

 

1) Will you provide an updated list of the major shareholders at your website?

 

Thanks for your response, your efforts and your daily work,

 

A worried minor shareholder in Scorpion Offshore

[lothar]

Hamilton, Bermuda - 14 February 2008

 

The Board of Directors of Scorpion Offshore Ltd.

(Scorpion) has received notification from Fortune

Super Equity Management LLC (FSEM) of a tender

offer for all outstanding shares of Scorpion.

According to the notification given by FSEM, a

cash tender offer for 80.00 Norwegian kroner (NOK)

per share will be given to all the shareholders of

Scorpion. The completion of a tender offer will be

conditioned on FSEM receiving acceptances for 90%

of the outstanding shares of Scorpion.

 

The Board of Directors of Scorpion has considered

the offer letter and, subject to its continuing

obligation to act in the best interests of its

shareholders, supports the FSEM tender offer on

the terms described above.

 

Fearnley Fonds and Simmons & Company International

acted as financial advisors to Scorpion.

 

Scorpion Offshore Ltd. is a Bermuda based

corporation founded in 2005 to own and operate

state-of-the-art offshore drilling rigs.

 

 

Contacts:

Jon C. Cole, CEO (713) 728-6100

Mark L. Mey, CFO (713) 728-6100

www.scorpionoffshore.com

[christle]

Hei

 

Endelig. Gratulerer medaksjonærer.

 

Tror dette er et forsøk på å "presse" SeaDrill mfl. til å komme med et motbud. Gitt at SCORE er verdt 80,-aksjen for denne "ikke-industrielle" eieren, ja så bør det være mer verdt for SeaDrill og andre aktører. Hvorfor?

 

• SeaDrill mfl. blir gjennom å kjøpe SCORE kvitt en mulig konkurrent om oppdrag. Det kan øke ratene.
  
• SeaDrill mfl. har ventelig større stor- og breddefordeler samt økte læringseffekter ved å kjøpe SCORE, enn en som startet helt fra 0.
  

SeaDrill kan imidlertid si nei til budet - det er betinget av 90 pst. aksept - og i og med at SeaDrill har mer enn 20 pst, ja så kan det stoppe budet. Det er nok derfor kursen er under budet. SeaDrill vil imidlertid ikke få kjøpt SCORE senere til en kurs mye under 80,- og det er og mulig at budgiver aksepterer mindre enn 90 pst. - kanskje over 50 pst. I tillegg er det mulig at det kommer andre aktører på banen eller at budgiver opptrer for en annen..., dvs. er mellommann. Mao. spennende...

 

Mvh,

[christle]

Hei

 

Kasta korta i dag på 78,25,- Kunne ikke sitte lenger, da kjøpet var finansiert med lån.

 

Har puttet noe av gevinsten i NOF og PDR; har troa på disse.

 

Mvh,