Amedeo Resources PLC Completion of Physical Build of Explorer 1 (6986J)
21 December 2015 - 7:46PM
UK Regulatory
TIDMAMED
RNS Number : 6986J
Amedeo Resources PLC
21 December 2015
21 December 2015
Amedeo Resources Plc ("Amedeo")
Completion of Physical Build of Le Tourneau Super 116E Class
design self-elevating mobile offshore jack up drilling rig
("Explorer 1")
Amedeo is pleased to announce that the physical build of Jiangsu
Yangzijiang Offshore Engineering Co. Ltd's ("YZJ Offshore") first
rig order, the Le Tourneau Super 116E Class design self-elevating
mobile offshore jack up drilling rig, Explorer 1, has been
completed.
Testing, including to American Bureau of Shipping
classifications, and commissioning, which constitute a key part of
the delivery package, have already commenced and are expected to be
completed during 2016.
Glen Lau, Chief Executive Officer, commented:
"We are pleased that physical build of YZJ Offshore's first rig
is complete. Following successful testing and commissioning, the
rig will be delivered to the client. The physical completion of the
first build is a key milestone from several perspectives, including
in establishing the good reputation of a yard."
ENDS
For further information please visit www.amedeoresources.com or
contact:
Enquiries:
Glen Lau Zafar Karim
Chief Executive Officer Executive Director
Amedeo Resources Plc Amedeo Resources Plc
Tel office: +44 20 7583 8304 Tel office: +44 20 7583 8304
Paul Shackleton Elliott Hance
Nominated Adviser & Broker Joint Broker
WH Ireland Beaufort Securities Limited
Tel office: +44 207 220 1666 Tel office: +44 20 7382 8300
Notes
Amedeo Resources plc is an investment company whose policy is to
invest principally, but not exclusively, in the resources and
resources infrastructure and asset sectors. Amedeo has a deep and
broad global network and wide contact base in these sectors,
including in East and South East Asia and the Middle East which it
leverages to source and make investments. These sectors exhibit
high growth and are strategically important. Amedeo is a proactive
investor which assists its investee companies to grow by providing
investment, expertise and contacts.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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