AWO Prospectus PETROJACK offer - COSL Drilling Europe AS
AWO Prospectus PETROJACK offer - COSL Drilling Europe AS
AWO Prospectus PETROJACK offer - COSL Drilling Europe AS
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8.2 The market for accommodation rigs............................................................................ 33<br />
8.3 The market for jack-up drilling rigs............................................................................. 36<br />
9. Financial information........................................................................................................ 32<br />
9.1 Proforma accounts ....................................................................................................... 39<br />
9.2 Effect of International Financial Reporting Standards (IFRS) .................................... 40<br />
9.3 Accounting principles.................................................................................................. 41<br />
9.4 Accounts ...................................................................................................................... 43<br />
9.5 Other financial information ......................................................................................... 46<br />
9.6 Statutory auditors......................................................................................................... 47<br />
10. Share capital and shareholder matters............................................................................ 48<br />
10.1 Share capital................................................................................................................. 48<br />
10.2 Share capital after the Offer......................................................................................... 48<br />
10.3 Share price development.............................................................................................. 50<br />
10.4 Shareholder policy and corporate governance............................................................. 51<br />
11. Legal matters ..................................................................................................................... 52<br />
11.1 The transfer of assets ................................................................................................... 52<br />
11.2 Construction contracts ................................................................................................. 52<br />
11.3 Bank financing agreements.......................................................................................... 57<br />
11.4 Management agreements ............................................................................................. 59<br />
11.5 Certain other legal matters........................................................................................... 60<br />
12. Taxation.............................................................................................................................. 61<br />
12.1 Introduction.................................................................................................................. 61<br />
12.2 Taxation related to holding and disposal of the Shares ............................................... 61<br />
12.3 Duties on the Transfer of Shares.................................................................................. 63<br />
12.4 Inheritance tax.............................................................................................................. 63<br />
12.5 Norwegian Tonnage Tax ............................................................................................. 63<br />
13. Risk factors......................................................................................................................... 64<br />
Appendix 1 Rig specifications – Port Reval ........................................................................ 67<br />
Appendix 1 Rig specifications – Port Reval ........................................................................ 67<br />
Appendix 2 Rig specifications – Port Rigmar...................................................................... 71<br />
Appendix 3 Rig specifications – PPL contracts and options ............................................... 75<br />
Appendix 4 Rig specifications – Keppel contract and option.............................................. 79<br />
Appendix 5 Articles of Association ..................................................................................... 80<br />
Appendix 6 Second quarter report 2005 .............................................................................. 81<br />
Appendix 7 Application form .............................................................................................. 82<br />
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