Nyheter for Viking Drilling ASA

Fjerning av aksje: Viking Drilling ASA (VIKI)

Corporate actions

2009-12-21 14:50:29

Viking Drilling ASA (ISIN:NO0010317639, ticker VIKI) er fjernet fra handelsstøttesystemet

VIKI - Viking Drilling ASA fjernes fra OTC-systemet

Company news

2009-12-17 16:27:54

Denne meldingen er publisert av Norges Fondsmeglerforbund hvor det vises til nyhetsmelding publisert av selskapet 16.12.09. Selskapet fjernes fra OTC-systemet umiddelbart.

VIKI - DISSOLUTION AND DELISTING

Company news

2009-12-16 20:57:39

In the extraordinary shareholders meeting 16 December 2009, it was unanimously resolved to dissolve the company pursuant to the Companies Act Section 16-1. Following the resolution to dissolve the Company, the shares of the Company will be delisted from the Norwegian OTC list.

VIKI - ATTACHMENT TO NOTICE OF SHAREHOLDERS MEETING

Company news

2009-11-27 14:01:52

Reference is made to notice of extraordinary shareholders meeting, 16 December 2009.

VIKI - ATTACHMENTS TO NOTICE OF SHAREHOLDERS MEETING

Company news

2009-11-27 13:59:10

Reference is made to notice of extraordinary shareholders meeting, 16 December 2009

VIKI - NOTICE EXTRAORDINARY SHAREHOLDERS MEETING

Company news

2009-11-27 13:55:12

Please find attached a notice for an extraordinary shareholders meeting to be held on 16th of December 2009 at 15.00 hours.

The attachments will follow in a separate release.

For further information:

niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 02/2009

Company news

2009-11-10 19:46:07

Shareholder letter 02/2009 Oslo, 10 November 2009


To the Shareholders of Viking Drilling ASA


Dear Shareholder

On November 2, 2009, after being more than 20 months under US Chapter 11 bankruptcy protection, Norsk Tillitsmann and Viking Drilling jointly filed a Chapter 11 Plan of Liquidation with the US Bankruptcy Court in Houston, Texas

US Chapter 11 Bankruptcy Protection.

The Company announced in February 2008 that the reactivation project of SS Viking Producer would result in a significant cost overrun. To complete the reactivation project significant additional financing would be required. The Board of Directors and the management had long discussions both internally and with the Company's financial advisors and in the prevailing challenging financial market, the Board of Directors and the financial advisor were of the opinion that it would be a major challenge to raise additional capital at acceptable terms and conditions to finance the completion of the project. Based on this, the Board of Directors resolved unanimously in February 2008 that the Company and all its subsidiaries (the Company) should voluntarily seek protection under US Chapter 11 bankruptcy protection.

The Board of Directors was and is of the opinion that seeking protection under US Chapter 11 was necessary to protect potential Shareholder value and the interest of the Creditors.

Since the filing for Chapter 11 bankruptcy protection, the Company has reduced its work force, eliminated cost elements and reduced the administration of the Company to a minimum. The Company has secured the rigs, the equipment belonging to the Company and also filed all drawings, documentation and engineering work easily accessible for potential buyers of the rigs. The rigs and the appurtenant equipment were prepared for the sale process.

The Company's assets have been marketed for sale since February 2008. After seeking protection under US Chapter 11 bankruptcy protection, the Company engaged the offshore rig broker, RS Platou in the sale process.

In August 2008 the Company planned to enter an asset purchase agreement with a qualified buyer and then afford other interested entities an opportunity to submit higher bids. Acting through the rig broker, the Company solicited interest from a numerous number of drilling operators around the world. However, this process failed to attract a qualified buyer.

Thereafter, the Company moved for an order permitting to conduct an auction of the
rigs. The Company proposed detailed auction procedures that were adopted by the US Court. The auction was scheduled to occur in November 2008. Unfortunately, after experiencing a prolonged and lasting financial crises and a significant drop in the oil price, no bidders submitted bids.

In November 2008 the Company was able to attract a bid from a well-known Mexican energy conglomerate, of $75 million for the rigs and appurtenant equipment. Subsequent
negotiations increased the offer to $80 million. The parties entered into a letter of intent in which both parties agreed that a definitive agreement was to be signed by December, 2008.
After the extent of additional funds necessary to complete the reactivation project of SS Viking Producer became clear and the prevailing distressed world-wide credit markets in the last quarter of 2008, the buyer withdrew its bid.

Immediately thereafter another Mexican entity undertook to complete the purchase transaction under the same terms and conditions. After a delay of several months, that buyer
also failed to obtain financing and to make the required deposit.

Since then the Company has held numerous meetings with various other groups that expressed interest in buying the rigs and the equipment. None of those discussions yielded a letter of intent.

Once it became clear that an immediate sale of the rigs was unlikely, the Company and
Its major creditor constituencies agreed that a plan of liquidation should be prepared and filed, and that the rigs should be transferred to Liquidating Trusts for further maintenance and eventual sale. Those discussions led to the formulation of the Plan of Liquidation (the "Plan", as described below).

Plan of Liquidation

On November 2, 2009 Norsk Tillitsmann (bond trustee on behalf of bondholders of the Viking Drilling ASA Bond Loans) and the Viking Drilling companies (collectively, the "Debtors"), filed a Joint Non-Consolidating Chapter 11 Plan of Liquidation with the US Bankruptcy Court in Houston, Texas (the "Plan").

The Bankruptcy Court, after notice to Claim Holders of the Debtors, will hold a Confirmation hearing of the Plan on December 8, 2009 (the Confirmation Date). If the Bankruptcy Court confirms and approves the Plan at the Confirmation Date then the Plan will be effective on the Effective Date. (Effective Date" is to be a date selected by Norsk Tillitsmann and the Debtors not less than eleven 11 days after the Confirmation Date.

The main structure of the Plan is that on the Effective Date, each Debtor shall transfer all of the rights, title and interest in its assets to its respective Liquidating Trust, including title to the rigs; VIKING PRODUCER, VIKING PROSPECTOR and VIKING CENTURY, together with all equipment on board or in storage facilities.

The Liquidating Trusts are created for the purpose of liquidating the Liquidating Trust
Assets and then making distributions to certain holders of Allowed Claims.

For purposes of meeting the expenses of each of the Liquidating Trusts until the Assets of the respective Trusts are liquidated, funds sufficient to meet the expenses and costs of the Liquidating Trusts will be advanced from Cash held by Viking Drilling ASA.

From and after the Effective Date, the Debtors shall not be required to file any document or take any other action and the Debtors will be dissolved.

Based on current market conditions and financial markets, there is high uncertainty to the eventual level of funds that will be available for distribution to the creditors of the Viking Drilling Companies. Viking Drilling's shareholders will not receive or retain anything on account of their shares in Viking Drilling.

Immediately after the Confirmation Date, Viking Drilling ASA will hold a Shareholder meeting in which dissolution of the Company will be on the agenda. Viking Drilling ASA and the Liquidating Trustee of Viking Drilling ASA will follow appropriate procedures under the Norwegian Public Limited Companies Act to dissolve Viking Drilling ASA as soon as possible after the Effective Date.

Allow us to express our sincere regret that this project, although speculative and risky from the very beginning, failed to be an interesting and prosperous investment.

Sincerely
Viking Drilling ASA

Board of Directors
Christen Sveaas
Chairman


For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Acting CFO
Mobile: + 47 908 708 66
E-mail: niels.erik.feilberg@kistefos.no

VIKI - FILING OF PLAN OF LIQUIDATION

Company news

2009-09-30 08:06:59

On 29 September, 2009, Viking Drilling ASA and its subsidiaries ( The "Companies") filed their Joint Non-Consolidating Chapter 11 Plan of Liquidation in their respective bankruptcy cases pending in Houston, Texas. The Plan provides for each Company to transfer its assets to a Liquidating Trust for future sale and distribution to creditors. Pursuant to local law, each of the respective Companies will be dissolved and such final reports filed as required by the law of incorporation of each Company. Viking Drilling's management is working with Norwegian counsel to ensure full compliance with Norway's Public Limited Companies Act.

Based on current valuations of the rigs, equipment and other assets, it is anticipated that there will not be sufficient funds to pay all creditors of the Companies in full. Viking Drilling's shareholders will not receive or retain anything on account of their shares in Viking Drilling.

For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Mobile: + 47 908 708 66
E-mail: niels.erik.feilberg@kistefos.no

VIKI - MINUTES ANNUAL SHAREHOLDERS' MEETING

Company news

2009-08-17 17:41:46

The annual shareholders' meeting was held on August 17, 2009.

All issues on the agenda were approved in accordance with the board's proposal.

A copy of the minutes is attached.

VIKI - NOTICE SHAREHOLDERS MEETING

Company news

2009-07-31 10:20:06

Please find attached a notice for the annual shareholders meeting to be held on 17th of August 2009 at 17.00 hours.

For further information:

niels.erik.feilberg@kistefos.no

VIKI - Annual Report 2008

Company news

2009-07-31 10:15:20

Please find enclosed Viking Drilling ASA's annual report for 2008 and the auditors report.

For further information:

niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER

Company news

2009-07-10 13:47:26

To the Shareholders of Viking Drilling ASA.

The filing of the US Chapter 11 bankruptcy protection in February 2008 has given the Company an "automatic stay" preventing creditors from taking action against the company outside the bankruptcy court with respect to pre-bankruptcy obligations of the Company. The Company also has had an "exclusivity period" during which time it is the only party which can submit a plan or reorganization to the court. This period was extended by the court to May 2009. The Company's assets have been marketed for sale since February 2008 without reaching any final sale agreement. After experiencing a prolonged and lasting financial crises and a significant drop in the oil price, the rigs are valued to a total of USD 80 million. The Company's total liabilities exceed this valuation.

Awaiting an outcome of the sale of the rigs, the Company has so far not filed a reorganisation plan. The Company plan to file a reorganisation plan which will contain the Company's proposal to re-pay as much as possible of its uncontested debt to creditors. The plan of reorganisation will also include a dissolution of Viking Drilling ASA.

Oslo, 10 July 2009
The Board of Directors

For further information:

W. Dennis Heagney
CEO & President
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Mobile: + 47 908 708 66
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 11/2008

Company news

2008-11-06 08:24:10

CANCELLED LETTER OF INTENT FOR THE SALE OF SS VIKING CENTURY.

On October 14, 2008 the Company informed that it had entered into a letter of intent (LOI) for the sale of the rig SS Viking Century subject to certain conditions. The proposed Buyer failed to meet these conditions and the LOI has been cancelled.

The Company will continue working with other private buyers to sell the SS Viking Century and the other Viking Drilling assets or sell the assets at an auction to be held at a later time when the financial market conditions have improved

For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Chief Financial Officer
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 10/2008

Company news

2008-11-04 16:52:21

POSTPONEMENT OF PLANNED AUCTION ON 5 NOVEMBER 2008

The Company has received substantial interest in all three units, however due to the financial market crises, the Company has decided to postpone the planned auction for the sale of the rigs on 5 November.

For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Chief Financial Officer
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 09/2008

Company news

2008-10-14 21:31:41

LETTER OF INTENT FOR THE SALE OF SS VIKING CENTURY.

The Company has entered into a letter of intent (LOI) for the sale of the rig SS Viking Century at USD 23.5 mill. The rig will be sold "as is where is". However, the Board of Directors emphasize that the final sale of the rig is subject to Buyer's completion of inspection, due diligence, the parties agreeing to a final sale agreement and final approval by the US Bankruptcy Court.

Provided all subjects have been lifted, and the parties have entered into a final sale agreement, approved by the Board of Directors, a motion for the approval of the sale of the Viking Century will be filed with the US Bankruptcy Court within the end of October 2008. If the Court approves the motion to sell the Viking Century, the rig will be delivered to the Buyer and settlement will be made before year end 2008. Upon completion of the sale, the Company will book a profit from the transaction.


For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Chief Financial Officer
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - MINUTES ANNUAL SHAREHOLDERS' MEETING

Company news

2008-10-07 17:05:40

The annual shareholders' meeting was held on October 7, 2008.

All issues on the agenda were unanimously approved in accordance with the board's proposal.

A copy of the minutes is attached.

For further information, please contact:

Mr Niels Erik Feilberg- CFO
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - ANNUAL REPORT 2007

Company news

2008-09-23 08:05:07

Please find attached the annual report for 2007.

For further information, please contact:

Mr Niels Erik Feilberg - CFO
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - NOTICE SHAREHOLDERS MEETING

Company news

2008-09-23 08:00:38

Please find attached a notice for the annual shareholders meeting to be held on 7th October 2008 at 16:00 hours.

For further information, please contact:

Mr Niels Erik Feilberg - CFO
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 08/2008

Company news

2008-09-11 09:09:29

AUCTION FOR THE SALE OF THE RIGS AND THE EQUIPMENT.

The Company has received substantial interest in all three units. The Board of Directors and management, in conjunction with advice from counsel, will request court approval for arranging an auction for the sale of Company's three rigs and the appurtenant equipment. The auction will most probably be held on 29 October 2008, in Houston, Texas.

A motion will be filed as soon as possible with the US court asking the court to approve auction procedures, setting the rules of the auction, and establishing time, place, escrow amounts etc. Interested parties wishing to participate at the auction are requested to take contact with RS Platou, attn Fredrik Mack (Fredrik.Mack@platouusa.com) or Bob Donley (Bob.Donley@platouusa.com).


For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Chief Financial Officer
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 07/2008

Company news

2008-08-26 19:38:04

EXTENSION OF BID DEADLINE/ALTERNATIVE BID PROCEDURE

Both the management of Viking Drilling and RS Platou have received several requests for an extension of the bid deadline. The Board of Directors and management, in conjunction with advice from counsel, will set an extension of the bid deadline or request court approval of an alternative bid procedure to be concluded as soon as possible.


For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Chief Financial Officer
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 06/2008

Company news

2008-08-13 20:15:53

Please find attached Asset Liquidation Update presentation dated 12 August 2008 from Viking Drilling ASA.

For further information:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
e-mail: dheagney@vikingoffshoreusa.com

VIKI - SHAREHOLDER LETTER 05/2008

Company news

2008-07-01 14:29:04

Please find attached Asset Liquidation Update presentation dated 30 June 2008 from Viking Drilling ASA.

For further information:

Mr W. Dennis Heagney - CEO & President
Direct Office: + 1 713 335 3882,
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Niels Erik Feilberg - CFO
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 04/08

Company news

2008-05-05 14:01:02

Please find attached shareholder letter dated 5 May 2008 from Viking Drilling ASA.

For further information, please contact:

W. Dennis Heagney
CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

or

Niels Erik Feilberg
Chief Financial Officer
Mobile: + 47 95 26 07 05
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 03/2008

Company news

2008-02-26 17:04:42

Please find attached shareholder letter dated 26 February 2008 from Viking Drilling ASA.

For further information:

Mr W. Dennis Heagney - CEO & President
Direct Office: + 1 713 335 3882,
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Niels Erik Feilberg - CFO
Mobile: + 47 908 708 66
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 02/2008

Company news

2008-02-18 15:43:08

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct Office: + 1 713 335 3882,
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Niels Erik Feilberg - CFO
Mobile: + 47 908 708 66
E-mail: niels.erik.feilberg@kistefos.no

VIKI - SHAREHOLDER LETTER 01/2008

Company news

2008-02-01 10:01:18

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - SHAREHOLDER MEETING HELD

Company news

2007-12-19 15:49:25

An extraordinary shareholder meeting was held today.

It was unanimously resolved to issue 15,000,096 warrants to subscribe for the same number of shares at a subscription price of NOK 7.50 per share. The warrants shall be issued to the bondholders in the company's "Viking Drilling ASA Second Priority Callable Bond Issue 2007/2012" and may be exercised at any time until the date falling three years after the disbursement of the loan.

Further details about the warrants are provided in the attached minutes from the shareholder meeting.

For further information, please contact:

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - NOTICE SHAREHOLDER MEETING

Company news

2007-12-05 15:40:41

Please find attached a notice for an extraordinary shareholder meeting to be held on 19th December 2007 at 15:00 hours.

For further information, please contact:

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - SHAREHOLDER LETTER 10/07

Company news

2007-12-05 15:36:48

Please find attached an updated status report for Viking Drilling ASA including financial statements for Q3 2007.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - SHAREHOLDER LETTER 9/07

Company news

2007-11-01 09:17:45

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

Endring av aksje: Viking Drilling ASA (VIKI)

Corporate actions

2007-10-12 09:52:48

Det er foretatt endringer i Viking Drilling ASA (ISIN:NO0010317639, ticker VIKI). Aksjebeholdningen er øket fra 56 600 000 til 75 406 166. Emisjonsverdien er redusert fra 566 000 000 til 452 436 996.

VIKI - SHARE CAPITAL INCREASE COMPLETED

Company news

2007-10-11 10:16:28

The share capital increase of 18,806,166 shares at a subscription price of NOK 6.00 per shares was registered yesterday.

The new shares will be issued today and is expected to be available on the respective subscribers securities depository account tomorrow.

The gross proceeds of NOK 112,836,996 has been made available for the company today.

The new share capital is NOK 75,406,166 divided into 75,406,166 shares each with a par value of NOK 1.00 fully paid up.

VIKI - SHAREHOLDER LETTER 8/07

Company news

2007-10-02 16:19:34

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - REPORTABLE TRADE ALLOCATION OF SHARES RIGHTS ISSUE

Company news

2007-10-02 15:42:40

The rights issue of $ 20 mill at a subscription price of NOK 6.00 each has been successfully completed. The total number of shares after the rights issue is 75,406,166 shares each with a par value of NOK 1.00

Please find attached a list showing allocation of shares to the company's insiders.

VIKI - INVITATION LETTER SHARE ISSUE

Company news

2007-08-28 15:33:28

Please find attached the Invitation Letter and Subscription Form for the NOK 120 mill share issue which was announced earlier today.

The Invitation Letter will be forwarded by regular mail on August 31 to the registrered shareholders as of August 27.

For further information please contact:

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - QUARTERLY REPORT Q2 2007

Company news

2007-08-28 07:24:13

Please find attached the quarterly report for Q2 2007.

VIKI - SHARE ISSUE

Company news

2007-08-28 07:21:37

At its meeting on 27 August 2007, the board of directors of Viking Drilling ASA resolved to carry out a rights' issue of new shares with pre-emptive rights for existing shareholders.

Through the offering Viking Drilling will issue 20,000,000 new shares at a subscription price of NOK 6.00 per share. The gross proceeds of the offering will be NOK 120,000,000 (equivalent to about US $ 20,000,000).

Full subscription of the Offering has been guaranteed by an underwriting consortium comprising of major shareholders.

Please see attached press release for further information.

VIKI - SS VIKING PRODUCER INCREASED REACTIVATION COSTS

Company news

2007-08-15 15:52:06

Please find attached a press release regarding the increased reactivation costs on SS Viking Producer.

VIKI - REPORTABLE TRADE

Company news

2007-08-03 16:50:32

Mrs. Anne Gro Gulla, a director of the board, has acquired 2,000 shares at NOK 10.00 per share.

Mrs. Gulla owns after this transaction 2,000 shares.

VIKI - SHAREHOLDER LETTER 6/07

Company news

2007-06-21 11:47:51

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - REPORTABLE TRADE

Company news

2007-06-15 14:39:56

Mr. Frode Teigen, a director of the board, has acquired 220,000 shares at NOK 9.90 per share.

Mr. Teigen owns after this transaction 8,030,000 shares.

VIKI - QUARTERLY REPORT Q1 2007

Company news

2007-05-21 10:14:05

Please find attached the quarterly report for Q1 2007.

Please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - MINUTES ANNUAL SHAREHOLDERS' MEETING

Company news

2007-05-15 09:35:47

The annual shareholders' meeting was held on May 14, 2007.

All issues on the agenda were unanimously approved in accordance with the board's proposal.

Mr. Frode Teigen, who controls 7,810,000 shares (13.8%) in the company, was elected as new Director of the Board. The Board consists of the following Directors:

Christen Sveaas, chairman
Kristin Gjertsen
Anne Gro Gulla
Frode Teigen
Bente Thiis Thornton
Erik Wahlstrøm

A copy of the minutes is attached.

For further information, please contact:

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - ANNUAL REPORT 2006

Company news

2007-04-27 13:44:48

Please find attached the annual report for 2006.

For further information, please contact:

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - NOTICE SHAREHOLDERS MEETING

Company news

2007-04-27 13:34:11

Please find attached a notice for the annual shareholders meeting to be held on 14th May 2007 at 17:00 hours.

For further information, please contact:

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - SHAREHOLDER LETTER 4/07

Company news

2007-04-19 10:10:59

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - REPORTABLE TRADE

Company news

2007-03-29 15:51:33

Mr. Erik Wahlstrøm, a director of the board, has acquired 17,000 shares at NOK 10.00 per share.

Mr Wahlstrøm owns after this transaction 320,000 shares.

VIKI - REPORTABLE TRADE

Company news

2007-03-29 09:13:23

Mr. Erik Wahlstrøm, a director of the board, has acquired 3,000 shares at NOK 10.00 per share.

Mr Wahlstrøm owns after this transaction 303,000 shares.

VIKI - REPORTABLE TRADE

Company news

2007-03-27 09:24:24

Mrs. Kristin Gjertsen, a director of the board, has acquired 2,000 shares at NOK 10.50 per share.

Mrs. Gjertsen owns after this transaction 2,000 shares.

VIKI - SHAREHOLDER LETTER 3/07

Company news

2007-03-21 09:46:09

Please find attached an updated status report for Viking Drilling ASA.

For further information, please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - NEW EQUITY $ 20 MILL - UNDERWRITTEN

Company news

2007-03-02 14:10:18

Viking Drilling has arranged an equity underwriting of USD 20 mill.

The full press release is attached.

For further information, please contact:

Mr W. Dennis Heagney, CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453

Mr Ole Geir Hagen, CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80

VIKI - BOND ISSUE $ 60 MILL

Company news

2007-02-26 14:21:56

Viking Drilling has arranged a new bond financing of USD 60 mill.

The full press release is attached.

For further information, please contact:

Mr W. Dennis Heagney, CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453

Mr Ole Geir Hagen, CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80

VIKI - QUARTERLY REPORT Q4 2006

Company news

2007-02-21 13:42:44

Please find attached the quarterly report for Q4 2006.

Please contact:

Mr W. Dennis Heagney - CEO & President
Direct office: + 1 713 335 3882
Mobile: + 1 713 816 7453
E-mail: dheagney@vikingoffshoreusa.com

Mr Ole Geir Hagen - CFO
Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80
E-mail: ole.geir.hagen@kistefos.no

VIKI - SS VIKING PRODUCER - DELAYED DELIVERY

Company news

2007-02-15 08:59:14

Please find attached an update of the SS Viking Producer reactivation project.

For further information, please contact:

President & CEO Mr W. Dennis Heagney + 1 713 335 3882

CFO Mr Ole Geir Hagen + 47 97 60 03 80

VIKI - PRESENTATION PARETO HIGH YIELD CONFERENCE

Company news

2007-02-07 11:19:56

Pareto Securities ASA is holding a High Yield Conference in London on February 8th, 2007.

Please find attached the presentation which will be given by Viking Drilling.

Please contact Ole Geir Hagen, CFO for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI - SHAREHOLDER LETTER 1/07

Company news

2007-01-18 11:46:15

Please find attached an updated status report for Viking Drilling ASA.

Please contact Ole Geir Hagen, CFO for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI - SHAREHOLDER LETTER 5/06

Company news

2006-12-19 11:16:12

Please find attached an updated status report for Viking Drilling ASA.

Please contact our President & CEO Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI - CORR. REPORTABLE TRADE

Company news

2006-12-06 13:49:39

Reference is made to the reportable trade announced yesterday, which was incorrect. The correct reportable trade is:

Erik Wahlstrøm, who is a board member of Viking Drilling ASA, has acquired 100,000 shares at NOK 10.75 per share.

Mr Wahlstrøm owns after this transaction 300,000 shares.

VIKI - REPORTABLE TRADE

Company news

2006-12-05 15:45:16

Erik Wahlstrøm, who is a board member of Viking Drilling ASA, has acquired 10,000 shares at NOK 10.75 per share.

Mr Wahlstrøm owns after this transaction 210,000 shares.

VIKI - NEW PRESIDENT & CEO - DENNIS HEAGNEY

Company news

2006-12-04 14:39:41

Viking Drilling is pleased to announce the appointment of Mr. W. Dennis Heagney as the new President & CEO of the company effective January 2nd, 2007.

Heagney has more than 30 years experience and proven track record in the offshore drilling industry, and has been working as COO of Transocean Offshore (1996 - 2002) and President of Sonat Offshore Drilling (1986 - 1995).

A full press release is attached.

VIKI - QUARTERLY REPORT Q3 2006

Company news

2006-11-10 09:22:33

Please find attached the quarterly report Q3 2006 for Viking Drilling ASA.

Please contact our President & CEO Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI - MINUTES SHAREHOLDER MEETING

Company news

2006-11-06 16:49:07

Viking Drilling ASA has today held an extraordinary shareholder meeting.

All issues on the agenda were unanimously approved in accordance with the board's proposal.

The new board consists of the following members:

Christen Sveaas, chairman
Anne Gro Gulla
Kristin Gjertsen
Bente Thiis Thornton
Erik Wahlstrøm

A copy of the minutes is attached.

VIKI - REPORTABLE TRADE

Company news

2006-10-26 16:21:23

Kistefos Skog AS, a company controlled by Mr Christen Sveaas (chairman), has acquired 100,000 shares in Viking Drilling ASA at NOK 10.50 per share.

Mr Sveaas controls after this transaction 9,705,700 shares (17.2%) and 5,208,000 warrants, total 23.8% on fully diluted basis.

VIKI - REPORTABLE TRADE

Company news

2006-10-26 10:43:54

Erik Wahlstrøm, who is proposed as a new board member, has acquired 50,000 shares in Viking Drilling ASA at NOK 10.50 per share.

Mr Wahlstrøm owns after this transaction 200,000 shares.

VIKI NG DRILLING ASA - SHAREHOLDER LETTER 3/06

Company news

2006-10-13 13:20:02

Please find attached an updated status report for Viking Drilling ASA.

Please contact our President & CEO Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI - NOTICE SHAREHOLDER MEETING

Company news

2006-10-12 12:25:12

Please find attached a notice for an extraordinary shareholder meeting to be held on 6th November 2006 at 14:30 hours.

VIKI - REPORTABLE TRADE

Company news

2006-09-28 18:27:33

Kistefos Investment AS, a company controlled by Mr Christen Sveaas (chairman), has acquired 580,000 shares in Viking Drilling ASA at NOK 9.00 per share.

Mr Sveaas controls after this transaction 9,605,700 shares (17.0%) and 5,208,000 warrants, total 23.6% on fully diluted basis.

VIKI - REPORTABLE TRADE

Company news

2006-09-28 08:54:45

Kistefos Investment AS, a company controlled by Mr Christen Sveaas (chairman), has acquired 699,000 shares in Viking Drilling ASA at NOK 8.50 per share.

Mr Sveaas controls after this transaction 9,025,700 shares (16.0%) and 5,208,000 warrants, total 22.7% on fully diluted basis.

VIKI - REPORTABLE TRADE

Company news

2006-09-25 19:55:25

Kistefos Investment AS, a company controlled by Mr Christen Sveaas (chairman), has acquired 9,500 shares at NOK 7.50 per share.

Mr Sveaas controls after this transaction 8,326,700 shares (14.7%) and 5,208,000 warrants, total 21.5% on fully diluted basis.

VIKI - REPORTABLE TRADE

Company news

2006-09-25 10:15:01

Kistefos Investment AS, a company controlled by Mr Christen Sveaas (chairman) has acquired 354,000 shares in Viking Drilling ASA at NOK 7.75 per share.

Mr Sveaas controls after this transaction 8,317,200 shares (14.7%) and 5,208,000 warrants, total 21.5% on fully diluted basis.

VIKI - MELDEPLIKTIG HANDEL

Company news

2006-09-25 10:01:06

Kistefos Investment AS, et selskap kontrollert av Christen Sveaas (styrets leder), har kjøpt 354.000 aksjer i Viking Drilling ASA til kurs NOK 7,75 pr aksje.

Christen Sveaas kontrollerer etter dette 8.317.200 aksjer (14,7%) og 5.208.000 warrants, totalt 21,5% på fullt utvannet basis.

VIKING DRILLING - BOND ISSUE $ 80 MILL

Company news

2006-09-19 12:52:54

Viking Drilling has issued a senior secured bond in the total amount equivalent to approx. USD 80 mill.

The full press release is attached.

Please contact our President & CEO Mr Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI - PRESENTATION PARETO OFFSHORE CONFERENCE 6 SEP 2006

Company news

2006-09-07 17:06:32

Please find attached a copy of the presentation which was made at the Pareto Offshore Conference on 6th September 2006.

Please contact our President & CEO Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKING DRILLING ASA - SHAREHOLDER LETTER 2/06

Company news

2006-08-24 15:33:56

Please find attached an updated status report for Viking Drilling ASA.

Please contact our President & CEO Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68 Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKING DRILLING ASA - SHAREHOLDER LETTER

Company news

2006-05-19 16:33:38

The shares in Viking Drilling ASA were listed on the OTC today.

Please find attached a letter to our shareholders which was sent today.

Please contact our President & CEO Ole Geir Hagen for further information.

Direct office: + 47 23 11 70 68
Mobile: + 47 97 60 03 80

E-mail: ole.geir.hagen@kistefos.no

VIKI – Viking Drilling ASA er registrert på OTC - listen

Market news

2006-05-18 16:55:37

Det er med virkning fra 19. mai 2006 lagt inn et nytt selskap på OTC - listen – Viking Drilling ASA. Ticker: VIKI. ISIN: NO 001 0317 639. Antall aksjer utstedt av selskapet er 56,6 millioner. Emisjonsverdien er satt til NOK 566 millioner basert på siste emisjonskurs i mai 2006 på NOK 10,00. Selskapet har inngått avtale om bruk av meldingssystemet og vil kunne benytte dette fra og med 19. mai 2006.

Viking Drilling ASA, a Norwegian public liability company, has entered into contract to acquire three semi-submersible hulls, and will upgrade one unit to a ready-to-drill MODU, one unit to a ready-to-drill TADU, and one unit to a classified baredeck, and secure long-term (>6 months) employment contracts within the next 12 months. Viking Drilling was founded and initiated by Mr. Christen Sveaas and associates.