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<strong>Mosvold</strong> <strong>Jackup</strong> - capex and funding• USD 142.5m estimated deliveredcost– Incl. capitalised interest costs• Total funding requirement of USDm293– Incl. G&A, fees and financing costs• USD 90m of equity raised in spring2006• USD 60m bond issue assumed in2007• USD 150m of bank debt assumed– Last 2 yard instalments– Representing approx 50% of all-incostMOSVOLD JACKUP FUNDING SUMMARYFig in USDm Per Unit TotalTurnkey contract price 126.0 252Supervision 3.5 7OFE (Handling equipment/spares) 5.0 10Contingencies 1.0 2Capitalised interest costs 7.0 14All-in/ready to operate cost 142.5 285G&A, fees & financing 4.0 8Total Funding Requirement 146.5 293Bank debt 150Bond debt 60Equity 90Total Funding Sources 300Implied Cash Position at delivery * 7*) Ignoring cash flow from rig #1 until delivery of rig #2Capex (summary) 2006E 2007E 2008E CumulCapex % of total 30% 25% 45% Yard instalment structureJU #1 USDm 39 50 53 142JU #2 39 50 56 144Capex " 78 99 109 286Source: Company/Pareto Securities ASA18
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