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World's top shallow water driller raises $225 mln in Oslo IPO [Reuters (UK)]

Ensco Plc (ESV)  More Company Research Source: Reuters
Last ensco plc earnings: 5/1 06:53 pm Check Earnings Report
US:NYSE Investor Relations: enscoplc.com/investors/default.aspx
PDF World's top shallow water driller raises $225 million in Oslo IPO | Reuters Reuters Staff 3 Min Read OSLO (Reuters) - Shelf Drilling, a Dubai-based contractor for shallow water rigs, raised about $225 million by issuing new shares priced at 65.35 Norwegian crowns ($8.09) per share, the company said on Friday, the latest drilling firm to list in Oslo to raise capital. Its initial public offering comes four years after the company scrapped plans to list in London just as the oil market’s downturn started. Demand for shallow water or jack-up rigs has been steadily growing through 2017 after hitting a bottom at the end of 2016. Brent crude is trading at almost $74 a barrel, up from $27 a barrel in Jan. 2016. Some 28.1 news million shares representing about 25 percent of Shelf Drilling’s total common shares were issued at a lower end of the indicative price of $8-9, implying the market cap of about 7.3 billion crowns ($903.4 million), the company added. In addition, the IPO’s managers have [Read more]

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