| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | EZRA HOLDINGS LIMITED |
| Company Registration No. | 199901411N |
| Announcement submitted on behalf of | EZRA HOLDINGS LIMITED |
| Announcement is submitted with respect to * | EZRA HOLDINGS LIMITED |
| Announcement is submitted by * | David Tan Yew Beng |
| Designation * | Company Secretary |
| Date & Time of Broacast | 28-Oct-2008 12:37:57 |
| Announcement No. | 00051 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | Liftboat Titan 1 |
| Description | Ezra Holdings Limited ("Ezra") wishes to announce that it has been informed of the following:- The jack-up liftboat Titan-1 was lost en-route from Pascagoula (Miss, USA) to Liverpool (UK), loaded aboard the semi submersible heavy lift vessel "˜M/V Ancora''. The Titan-1 was fully insured by KS Energy Services Limited''s insurance group. The Titan-1 was in the process of being mobilized to the North Sea to execute a 817 days''s contract for a major Operator for installation, servicing and maintenance work of wind turbines, offshore Denmark and the UK. KS Energy Services Limited, through its wholly-owned subsidiary Atlantic Oilfield Services, are in discussions with the Operator to substitute the Titan-1 with another identical sister-ship for the execution of the contract. During the night from October 26 to 27, 2008, the heavylift vessel "˜M/V Ancora'' encountered main engine problems in the middle of the Atlantic Ocean. As a consequence of the vessel''s rolling and tilting motion, the Titan-1 shifted to portside, capsized and was lost at sea. No injuries or casualties have been reported to any of the crew. Ezra will release further announcements at the appropriate or relevant juncture in the future. |
