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MARACC PRESENTS 3RD QUARTER 2011 REPORT

Company news

2012-01-20 10:42:22

Stavanger, 20th January 2012
Marine Accurate Well ASA - MARACC presents 3rd quater report 2011 on www.maracc.no

For further information, please contact:
Asle Solheim, CEO (+47) 99 32 84 65

   

MARACC PRESENTS 2ND QUARTER 2011 REPORT

Company news

2011-10-12 16:08:58

Stavanger, 12th October 2011
Marine Accurate Well ASA (MARACC) presents 2nd quarter 2011 report.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

  Maracc Q2-11 (06).pdf

MARINE ACCURATE WELL ASA - MARACC ENTER MANAGEMENT AGREEMENT WITH ODFJELL DRILLING AS

Company news

2011-08-29 15:46:35

  Press Release290811.pdf

MARINE ACCURATE WELL ASA (MARACC) PRESENTS ANNUAL REPORT 2010

Company news

2011-08-22 15:28:11

Stavanger, 22nd August 2010
Marine Accurate Well ASA - Maracc presents the Annual Report 2010 on www.maracc.no. The report was made available on 26th May 2010.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARINE ACCURATE WELL ASA (MARACC) SUCCESSFULLY COMPLETING THE DRILLING TOPSIDE AT NYMO

Company news

2011-05-31 15:50:30

Stavanger, 31st May 2011
Marine Accurate Well ASA (MARACC) has today taken delivery of the drilling topside at Nymo for the semisubmersible rig Island Innovator. The Drilling system delivered by National Oilwell Varco and Nymo is departing Grimstad today with the SAL vessel Svenja heading for Cosco Nantong yard in China.

This successfully completes the work at Nymo and represents a major milestone for the project

Further information available at www.maracc.no

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARINE ACCURATE WELL ASA (MARACC) - GENERAL ASSEMBLY

Company news

2011-05-27 08:28:58

Stavanger, 26th May 2011
Marine Accurate Well ASA (MARACC) - Ordinary General Assembly was held in Stavanger today. 53% of the shares voted. Further details on www.maracc.no

For further information, please contact:
Asle Solheim, CEO (+ 47 99328465)

   

MARINE ACCURATE WELL ASA (MARACC) SECURE FULL FINANCING)

Company news

2011-03-17 11:17:29

Stavanger, 17th March 2011.

See enclosed press release

  pressrelease170311.pdf

MARINE ACCURATE WELL ASA (MARACC) PRESENTS 3RD QUARTER 2010 REPORT

Company news

2010-11-23 10:31:54

Stavanger, 23rd November 2010
Marine Accurate Well ASA (MARACC) presents 3rd quarter 2010 report. The report is available today on www.maracc.no at 10:30

   

MARINE ACCURATE WELL ASA (MARACC) - ELECTS NEW BOARD MEMBER

Company news

2010-11-11 10:42:51

Stavanger, 11th November 2010.

Extraordinary General Assembly elects PAAL E JOHNSEN as a new Board Memeber. The Board of Directors is extended from 5 to 6 members to better reflect the new ownership after the financial re-structuring this summer. Paal E Johnsen is Managing Director of Alden AS.

   

MARACC - CALL FOR EXTRAORDINARY GENERAL ASSEMBLY ON TUESDAY, 9TH NOVEMBER 2010

Company news

2010-10-27 09:39:07

Stavanger, 27th October 2010

Marine Accurate Well ASA (MARACC) call for Extraordinary General Assembly on Tuesday, 9th November 2010 to elect additional Board Member.

For further information, please contact:
Asle Solheim, CEO (+ 47 99 32 84 65)

   

Endring av aksje: Marine Accurate Well ASA (MARA)

Corporate actions

2010-10-26 14:54:53

Det er foretatt endringer i Marine Accurate Well ASA (ISIN:NO0010350564, ticker MARA). Aksjebeholdningen er øket fra 17 640 000 til 1 174 660 516. Emisjonsverdien er øket fra 441 000 000 til 528 597 232.

   

MARINE ACCURATE WELL ASA (MARACC) PRESENTS 2ND QUARTER 2010 REPORT

Company news

2010-09-23 13:47:49

Stavanger, 23 September 2010.
Marine Accurate Well ASA (MARACC) presents 2nd quarter 2010 report. The report is made available on www.maracc.no at today 14:00.

For further information, please contact:
Asle Solheim, CEO (+ 47 99 32 84 65)

   

MARINE ACCURATE WELL ASA - INCREASE OF SHARE CAPITAL REGISTRED IN THE NORWEGIAN REGISTER OF BUSINESS ENTERPRISES

Company news

2010-07-01 10:32:43

Date: 1st July 2010

Reference is made to the press release 22 June 2010 regarding the financial restructuring of MARACC - Marine Accurate Well ASA ("MARACC"). The increase of share capital in Maracc resolved in the General Meeting held 16 June 2010 in connection with the financial restructuring, was registered in the Norwegian Register of Business Enterprises on 30 June 2010. Following such registration, the share capital of Maracc is NOK 93,511,157 divided into 935,111,570 shares, each with a par value of NOK 0.10.

For further information, please contact:
Asle Solheim, CEO
Tel:+47 99328465

   

MARINE ACCURATE WELL ASA - BONDHOLDERS' MEETING HELD 25TH JUNE 2010

Company news

2010-06-25 16:52:43

Today a bondholders' meeting was held pursuant to summons of 16th June 2010. The proposed resolution as set out in the summons to the Bondholders' meeting obtained 16.15% of the votes, and the proposal was therefore not adopted.

For further information, please contact:
Asle Solheim, CEO of Maracc +47 99 32 84 65

   

MARA - Marine Accurate Well ASA - End of subscription period for private placement of shares in connection with restructuring

Company news

2010-06-22 15:01:46

Please view the attached document.

  100622 - MARACC completion.pdf

MARINE ACCURATE WELL ASA - SUMMONS TO BONDHOLDERS' MEETINGS - RESTRUCTURING PROPOSAL

Company news

2010-06-16 15:58:52

  20100616152801940.pdf

MARINE ACCURATE WELL ASA - RESULTS FROM BONDHOLDERS' MEETINGS 16TH JUNE 2010

Company news

2010-06-16 14:43:25

  Maracc - Announcemnt 16 June 2010 re bondholders meetings.pdf

MARINE ACCURATE WELL ASA - ANNUAL GENERAL MEETING HELD - UPDATE ON THE RESTRUCTURING PROPOSAL

Company news

2010-06-16 12:45:14

  Maracc - Announcement 16 June 2010 (2).pdf

MARINE ACCURATE WELL ASA (MARACC) - CONTEMPLATED PRIVATE PLACEMENT OF SHARES IN CONNECTION WITH PROPOSED RESTRUCTURING

Company news

2010-06-08 09:00:32

  100608 - MARACC, announcement.DOC

MARACC PRESENTS ANNUAL REPORT 2009, CALL FOR ORDINARY GENERAL ASSEMBLY AND SUMMONS FOR BONDHOLDERS MEETING ON 16TH JUNE 2010

Company news

2010-06-02 16:40:40

Stavanger, 2nd June 2010.
Marine Accurate Well ASA (MARACC) presents Annual Report for 2009.

The Ordinary General Assembly will be held at Lagerveien 23, Stavanger on Wednesday, 16th June at 09:00.

Maracc has also approached Norsk Tillitsmann ASA to summon a bondholders' meeting for each of the three bond issues on the 16th June at 13:00 in Oslo.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

  4083815_1_Notice of AGM 2010.pdf
NO0010355803_SB_20100602.pdf

MARACC PRESENTS 4TH QUARTER REPORT 2009

Company news

2010-04-06 15:24:43

Stavanger, 6th April 2010.

Marine Accurate Well ASA (MARACC) presents 4th quarter report 2010. The report is made available by close of business today on www.maracc.no

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC - MARINE ACCURATE WELL ASA - NOTIFICATION ON INTEREST PAYMENT DEFERRAL

Company news

2010-02-26 13:00:18

Please find enclosed notification.

  Press release 260210.pdf

MARACC - SUMMONS TO BONDHOLDERS' MEETING

Company news

2010-02-01 15:52:44

Stavanger, 1st February 2010.

Marine Accurate Well ASA (MARACC) has approached Norsk Tillitsmann ASA to summon a bondholders' meeting on 14th January to consider postponing interest payments for 9.00 per cent MARACC Callable Suboridinated Convertible Bond Issue 2007/2012. The bondholder meeting approved to the request.
For further details please refer to www.maracc.no.

For further information, please contact:
Asle Solheim, CEO (+ 47 99 32 84 65)

   

MARACC ASA PRESENTS 3RD QUARTER REPORT 2009

Company news

2009-11-20 10:46:05

Stavanger, 20th November 2009

Marine Accurate Well ASA (MARACC) presents 3rd Quarter report for 2009. The report will be made available on www.maracc.no today at 14:00.

For further information, please contact:

Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC PRESENTS 2ND QUARTER 2009 REPORT

Company news

2009-08-31 11:47:25

Stavanger, 31st August 2009

Marine Accurate Well ASA (MARACC) presents 2nd quarter 2009 report. The report is available on www.maracc.no today at noon.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC - BONDHOLDERS' MEETING APPROVE POSTPONING INTEREST PAYMENTS

Company news

2009-07-10 14:12:24

Stavanger, 10 July 2009
Marine Accurate Well ASA (MARACC) has approached Norsk Tillitsmann ASA to summon a bondholders' meeting for each of the three bond issues outstanding to consider postponing interest payments due during second half of 2009. The bondholders have today approved the proposal as per enclosed notices.

For further information, please contact:
Asle Solheim, CEO (+ 99 32 84 65)

  NO0010378763_NB_20090710.pdf
NO0010355803_NB_20090710.pdf

MARACC - SUMMONS TO BONDHOLDERS' MEETING

Company news

2009-07-02 10:59:37

Stavanger, 2 July 2009
Marine Accurate Well ASA (MARACC) has approached Norsk Tillitsmann ASA to summon a bondholders' meeting for each of the three bond issues outstanding to consider postponing interest payments due during second half of 2009. Please refer to the enclosed summons to bondholders' meeting for further details.

Pareto Securities AS has been retained as financial advisor in connection with the process.

For further information, please contact:
Asle Solheim, CEO (+ 99 32 84 65)

  Maracc - summons (090702).pdf

MARACC ASA PRESENTS 1ST QUARTER REPORT 2009

Company news

2009-06-10 15:08:35

Stavanger, 10th June 2009

Marine Accurate Well ASA (MARACC) presents 1st quarter report for 2009. The report is made available on www.maracc.no on Thursday 11th June at 10:00 am.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC PRESENTS ANNUAL REPORT FOR 2008 AND CALL FOR ORDINARY GENERAL ASSEMBLY ON MONDAY 22ND JUNE 2009

Company news

2009-06-04 09:04:57

Stavanger, 4th June 2009

Marine Accurate Well ASA (MARACC) presents annual report 2008. The report will be available on www.maracc.no on Friday 5th June at 10:00.

The Ordinary General Assembly will be held at Lagerveien 23, Stavanger on Monday 22nd June at 13:00.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC PRESENTS 4TH QUARTER REPORT 2008

Company news

2009-03-11 10:23:02

Stavanger, 11th March 2009.

Marine Accurate Well ASA (MARACC) presents 4th quarter report for 2009. The report is made available on www.maracc.no today.

For further information please contact:

Asle Solheim, CEO (+47 99 32 84 65)

   

MARINE ACCURATE WELL ASA (MARACC) PRESENTS 3RD QUARTER 2008 REPORT

Company news

2008-11-20 15:12:34

Stavanger, 20th November 2008.

Marine Accurate Well ASA (MARACC) presents 3rd quarter report. The report is made available on www.maracc.no

For further information, please contact:
Asle Solheim, CEO (+ 47 99 32 84 65)

   

MARACC TO RAISE USD 30 MILLION IN A CONVERTIBLE BOND ISSUE

Company news

2008-09-15 09:35:26

Stavanger, 15th September 2008.
Marine Accurate Well ASA (MARACC) intends to undertake a subordinated convertible bond issue raising gross proceeds of USD 30 million. The application period will close on 17th September 2008 at 18:00 hrs. CET unless extended or closed earlier. Settlement is expected primo October 2008. The loan is part of MARACC's previously communicated capital raising program and will be directed towards professional and institutional investors. Exisiting shareholders and convertible bondholders will get preferred allocation.

The net proceeds of the loan shall be used to partly finance the construction of the GM 4000 fully equipped semisumersible vessel, the cost of well intervention, drilling and top-side equipment and other related costs. The convertible bonds will have a maturity of 5 years and carry a coupon rate of 12.00% per annum. The conversion price will be USD 4.40 per share equivalent to approximately NOK 25 per share (NOK/USD 5.73). The convertible bond issue is subject to applicable corporate resolutions, including approval by the general assembly meeting, and relevant approvals in relation to the loan documentation.

Arctic Securities and Pareto Securities have been retained as managers in relation to the transaction.

For further information, please contact:
Asle Solheim, CEO(+47 99 32 84 65)

   

MARACC TO RAISE UP TO USD 40 MILLION IN A CONVERTIBLE BOND ISSUE

Company news

2008-09-01 11:06:41

Stavanger, 1st September 2008.
Marine Accurate Well ASA (MARACC) intends to undertake a subordinated bond issue raising gross proceeds of up to USD 40 million in Q4 2008. The loan is part of MARACC's previously communicated capital raising program and will be directed towards exisiting share and bond loan holders.

Island Offshore V and Alpha Marine Services LLC have guaranteed for the issue. The terms will be issued prior to the general assembly.

The net proceeds of the loan shall be used to partly finance the construction of the Drilling and Intervention vessel Island Innovator and the cost of intervention and drilling equipment, including installation of such equipment.

The convertible bond issue is subject to applicable corporate resolutions, includeing approval by the the general assembly meeting expected to be held 12th September 2008, and relevant approvals in relation to the loan documentation. Pareto Securities and Arctic Securities have been retained as managers in relation to the transaction.

The call for the general assembly meeting is available on www.maracc.no

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC BOARD MEMBER BUYS SHARES

Company news

2008-09-01 10:33:54

Stavanger, 1st September 2008.
Marine Accurate Well ASA (MARACC) Board member, Morten Ulstein buys 144957 shares at nok 24,- per share through the company Island Offshore Invest AS. Morten Ulstein holds after this 6 294 957 shares through Island Offshore V and Island Offshore Invest AS.

   

MARACC ISSUE 2008 Q2 REPORT AND ANNOUNCE EXPANSION INTO THE DRILLING MARKET

Company news

2008-08-28 14:20:12

Stavanger, 28th August 2008.

Marine Accuarate Well ASA (MARACC) has submitted the 2008 Q2 report and this is now available on www.maracc.no

Maracc announce today the decision to expand the capabilities of the semisubmersible drilling rig Island Innovator to also include full size Drilling. The initial strategy was to limit the capabilities of the unit to Well Intervention capabilities only, however, market requirements have made it desireable to expand the rig to also include for full size Drilling in addition to Intervention.

Island Innovator will be the first of its kind rig that can perform the full width of drilling and Intervention services and can change operating modus in a fraction of time compared with a conventional drilling unit. The Unit will be operated by Island Offshore.

Island Offshore Management AS have already submitted a tender to StatoilHydro offering Island Innovator for drilling servies.

For further information contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC AWARDS CONTRACTS FOR DRILLING SYSTEMS

Company news

2008-08-28 14:03:54

Stavanger, 27th August 2008
Marine Accurate Well ASA (MARACC) has today awarded two contracts for drilling systems for the semisubmersible rig Island Innovator.

A contract is awarded to Cameron for the BOP and BOP Control System. The system will allow for drilling in 750 meters waterdepth and the deliveries will start in 2009 to be completed by mid 2010. The other contract is awarded to VetcoGray a GE Oil and Gas business for the Marine Drilling Riser System. Deliveries of this system will take place by mid 2010. The value of both contracts together is approximately 50 million usd. MARACC is very happy to award these contracts to Cameron and VetcoGray.

This award marks a significant milestone for Maracc as it will allow the Unit Island Innovator to perform full size drilling as well as effective Well Interventions. Island Innovator will be the first of its kind multipurpose rig that can perform the full width of drilling and intervention services and change modus at a fraction of time compared with conventional drilling units. Island Offshore will operate the Unit.

For further information, please contact:
Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC BOARD MEMBER BUYS SHARES

Company news

2008-08-27 09:16:04

Stavanger, 27th August 2008.
Marine Accurate Well ASA (MARACC) Board Member, Morten Ulstein buys through Island Offshore,746000 shares at nok 24,- per share. Island Offshore holds after this 6150000 shares.

   

MARACC CEO BUY SHARES

Company news

2008-06-13 13:51:33

Marine Accurate Well ASA (MARACC) CEO Asle Solheim buy 10000 MARACC shares at nok 27.5 per share. Asle Solheim holds after this 80000 shares through Timetall Holding AS.

http://Stavanger, 12th June 2008  

MARACC INSIDERS BUY SHARES

Company news

2008-05-21 12:38:10

Stavanger, 21 May 2008

Marine Accurate Well ASA (MARACC) CEO, Asle Solheim buy 20000 shares at NOK 25.- per share. Asle Solheim holds after this 70000 shares through Timetall Holding AS. Project Manager, Thomas Larsen buy 9000 shares at NOK 27.50 per share and holds after this 9000 shares.

   

MARACC CEO BUY SHARES

Company news

2008-04-28 12:49:58

Stavanger, 28th April 2008

Marine Accurate Well ASA (MARACC) CEO Asle Solheim buy 10000 Maracc shares at nok 20.- per share. Asle Solheim holds after this 50000 shares through Timetall Holding AS

   

MARACC PRESENTS ANNUAL REPORT 2007 AND CALL FOR ORDINARY GENERAL ASSEMBLY ON 14TH MAY 2008

Company news

2008-04-25 10:44:38

Stavanger, 25th April 2008

Marine Accurate Well ASA (MARACC) presents annual report 2007. The report is made available on www.maracc.no on Monday 28th April.

The ordinary General Assembly will be held in Stavanger on Wednesday 14th May 2008.

   

MARACC SIGN AGREEMENT WITH HALLIBURTON

Company news

2008-03-31 09:22:53

Stavanger, 31st March 2008

Marine Accurate Well ASA (MARACC), Island Offshore and Halliburton have entered into an agreement to develop a new concept for Integrated Well Intervention Services of Subsea Wells. The concept is based around the new Well Intervention Semisubmersible rig, Island Innovator, currently under construction at Cosco, China. This concept provides synergies between rig owner, rig operator and drilling supplier enabling superior operational performances and cost benefits.

MARACC as the owner of the state of the art rig and Island Offshore as the leading global Subsea Well Intervention Provider will now with Halliburton be able to provide the full range of services and technologies. The Coil Tubing and Through Tubing Rotary Drilling operations will have a significant potential for increased recovery from producing reservoirs. The workover costs will also be significantly reduced.

As the number of subsea wells are increasing globally, the demand for such services is expected to grow substantially says Asle Solheim, CEO of Marine Accurate Well ASA.

For further information, please contact:

Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC ASA PRESENTS 4TH QUARTER REPORT 2007

Company news

2008-03-10 15:28:58

Stavanger, 10th March 2008

Marine Accurate Well ASA (MARACC) presents 4th quarter report for 2007. The report is made available on www.maracc.no. on 11th March 2008

For further information, please contact:

Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC ASA PRESENTS 3RD QUARTER REPORT 2007

Company news

2007-11-05 14:07:38

Stavanger, 5th November 2007

Marine Accuarte Well ASA (MARACC) presents 3rd quarter report for 2007. The report is made available on www.maracc.no

For further information, please contact:

Asle Solheim, CEO (+47 99 32 84 65)

   

MARACC ASA PRESENTS HALF YEAR REPORT 2007

Company news

2007-09-06 12:03:00

Stavanger, 6th September 2007

Marine Accurate Well ASA (MARACC) presents the half year report for 2007. The report is made available on www.maracc.no

For further information, please contact

Asle solheim, CEO (+ 47 99 32 84 65)

   

MARACC ASA AWARDS CONTRACTS TO NATIONAL OILWELL AND NYMO

Company news

2007-09-05 14:47:09

Stavanger, 5th September 2007

Marine Accurate Well ASA (MARACC) has awarded a contract to National Oilwell Norway AS for the supply of the Topside System for the new semisubmersible intervention rig under construction at the Cosco Zhoushan shipyard in China.

The contract value is just over 100 musd and the deliveries will be completed early in 2010.

The system will enable an effective approach to heavy well intervention including drilling of short side-track (TTRD) operations.

Maracc has also today awarded a contract to NYMO in Grimstad for the supply of the topside module including mud module. The contract value is close to 300 million nok and shall be completed Q2 2010.

For further information, please contact:

Asle Solheim, CEO (+ 47 99 32 84 65)

   

MARACC ASA ELECTS NEW BOARD OF DIRECTORS AND APPOINTS ASLE SOLHEIM AS NEW CEO

Company news

2007-07-09 17:10:47

Stavanger, 9th July 2007

On 29th May 2007, the general meeting of Marine Accurate Well ASA ("MARACC") elected Øivind Lund as chairman of the board. Mr. Lund replaces Øyvind Jordanger who continues as a board member. Lund has previously been CEO of ABB Norway and is currently chairman of the board in Yara ASA and Norske Skog ASA.

Other board members are Morten Ulstein, Dionne Chouest and Berit Rynning.

On 22nd June 2007, the Maracc Board of Directors appointed Asle Solheim as CEO for the company. Mr. Solheim comes from Island Offshore Management AS as Director Business Development.

Maracc ASA is currently building a semi submersible heavy intervention unit at Cosco Zhoushan Shipyard in China. The unit is scheduled for completion 1st quarter 2010 and will be operated by Island Offshore Management AS.

  MARACC- Board of Directors.ppt

MARACC ASA SUCCESSFULLY COMPLETED A USD 80 MILLION SUBORDINATED CONVERTIBLE BOND ISSUE

Company news

2007-07-09 16:43:27

Stavanger, 9 July 2007


On 9 July 2007, the general meeting of Marine Accurate Well ASA ("MARACC") approved the issuance of a subordinated convertible bond issue raising gross proceeds of USD 80 million. The loan is part of MARACC's previously communicated capital raising program and was be directed towards Norwegian and international investors.

The net proceeds of the loan shall be used to partly finance the construction of the GM4000 fully equipped semi-submersible vessel and the cost of the well intervention and top-side equipment, including installation of such equipment.

The convertible bonds will have a maturity of 5 years and carry a coupon rate of 9.00% per annum. The conversion price was set to USD 5.80 per share implying that the full loan amount upon conversion would be converted into a total of 13.8 million new shares. The current exchange rate implies a conversion price of approximately NOK 34 per share.

The subordinated convertible bond issue is subject to the loan documentation being finalized and approved by Norsk Tillitsmann. Settlement date is expected in ultimo July. Pareto Securities acted as manager in relation to the transaction.


For further information, please contact:

Asle Solheim, CEO (+47 99 32 84 65)

   

MARA - MARACC TO RAISE USD 80 MILLION IN A CONVERTIBLE BOND ISSUE

Company news

2007-06-26 16:02:12

Marine Accurate Well ASA (“MARACC”) intends to undertake a subordinated convertible bond issue raising gross proceeds of USD 80 million in the beginning of July 2007. The loan is part of MARACC’s previously communicated capital raising program and will be directed towards professional and institutional investors.

The net proceeds of the loan shall be used to partly finance the construction of the GM4000 fully equipped semi-submersible vessel and the cost of the well intervention and top-side equipment, including installation of such equipment.

The convertible bonds will have a maturity of 5 years and carry a coupon rate of 9.00% per annum. The conversion price will be USD 5.80 per share representing a conversion premium of approx 40% to last traded share price of NOK 25.

The convertible bond issue is subject to applicable corporate resolutions, including approval by the general meeting expected to be held on 9 July 2007, and relevant approvals in relation to the loan documentation. Pareto Securities has been retained as manager in relation to the transaction.


For further information, please contact:

Asle Solheim, CEO (+47 99 32 84 65)

Stavanger, 26 June 2007

   

mara press release

Company news

2007-03-15 13:25:05

On March 12, COSCO Shipyard Group and Marine Accurate Well ASA - Maracc - had a celebration in Beijing to mark the start of the construction contract of the GM4000 semi submersible rig. The contract value of the construction contract is 195 million dollars and the construction period will last 34 months.

   

MARA – Marine Accurate Well ASA er registrert på OTC – listen

Company news

2007-02-28 16:39:35

Marine Accurate Well ASA er registrert på OTC - listen f.o.m. 1. mars 2007. Ticker: MARA. ISIN: NO 001 0350564. Antall aksjer utstedt av selskapet er 17 640 000. Emisjonsverdien på selskapet er NOK 441 millioner basert på siste emisjonskurs i februar 2007 på kurs NOK 25,-. Pålydende per aksje er NOK 1,00. Selskapet har inngått avtale om bruk av meldingssystemet og vil kunne benytte dette fra og med 1. mars 2007.

Marine Accurate Well ASA (MARACC) is incorporated in Norway and will build and operate a semi-submersible well intervention vessel.