Cqs Rig Share Discussion Threads

[steelwatch] 14/8/2012 11:23

As at the close of business on 13 Aug 2012 the Estimated NAV per share was 33.98 pence.

[steelwatch] 07/8/2012 21:00

Dividend paid tomorrow.

[steelwatch] 07/8/2012 20:57

As at the close of business on 06 August 2012 the Estimated NAV per share was 33.89 pence.

[steelwatch] 31/7/2012 23:22

As at the close of business on 30 July 2012 the Estimated NAV per share was 33.67 pence.

[steelwatch] 24/7/2012 16:17

As at the close of business on 23 July 2012 the Estimated NAV per share was 33.46 pence.

[steelwatch] 17/7/2012 15:37

As at the close of business on 16 July 2012 the Estimated NAV per share was 33.39 pence.

[steelwatch] 11/7/2012 09:37

Final Net Asset Value (NAV)

As at the close of business on 29 June 2012 the NAV per share was 33.89 pence.

[steelwatch] 11/7/2012 08:05

As at the close of business on 09 July 2012 the Estimated NAV per share was
34.00 pence

XD today

[steelwatch] 02/7/2012 21:28

As at the close of business on 29 Jun 2012 the Estimated NAV per share was 33.88 pence.

[steelwatch] 20/6/2012 09:17

The Company announces its unaudited half-yearly results for the six months ended
31 March 2012. A full copy of the unaudited half-yearly report will from today
be available on the Company's website: www.cqsrigfinance.com and is set out
below.

The Company also announces that an interim dividend of 0.69 pence per Ordinary
Share will be paid on 8 August 2012 to shareholders on the register as at close
of business on 13 July 2012 with a corresponding ex-divided date of 11 July
2012. Full details of the Company's dividend policy are included in the
Chairman's Statement in the half-yearly report.

[steelwatch] 18/6/2012 17:46

Final Net Asset Value (NAV)

As at the close of business on 31 May 2012 the NAV per share was 33.73 pence.

[steelwatch] 15/6/2012 18:01

14 June 2012 Initiation of coverage by Edison:

[steelwatch] 08/6/2012 15:24

Two minute briefing: Offshore drill rigs
Mon 8:00 am by Jamie Nimmo
With oil majors on the exploration charge once more, the demand for drilling rigs has soared recently.

So much so that Barclays forecasts record spending on exploration and production to the tune of US$600 billion this year, which of course has a direct impact on rigs – and more to the point demand for them.

The word 'rig' is a blanket term which refers to a range of all manner of vessel with multiple, different uses.

This can mean anything from a drill on the back of a lorry to a more permanent land or sea-based structure used to tap into the earth's untouched oil.

For water depths of more than 350 feet, fixed structures are not practical. Such operations are therefore carried out by mobile, floating vessels.

There are three main types of mobile offshore drilling rigs: jack-ups, semi-submersibles, and drill ships.

Jack-up rigs

Jack-ups are the most widely used mobile offshore drilling rigs, with around 540 expected to be in operation by the end of 2013.

They are instantly recognisable by their tall legs.

After being dragged to a drilling site, the legs are pushed down into the sea floor and the hull is raised out of reach of waves.

The derrick then slides into position and the workers can begin to drill.

The main drawback with jack-ups is that they can only operate in shallower waters – the maximum in most cases is 500 feet.



Semi-submersible rigs

Semi-submersibles were the first type of rig designed for offshore drilling activities. They are the most popular platforms for deeper offshore oil and gas exploration due to their stability.

Often the platforms are dragged into place by tugboats and anchored. Or they are moved by and kept in position by their own propellers and thrusters using dynamic positioning, which is a computer controlled system which automatically maintains the unit's position.

When the columns are flooded by seawater, the pontoons drop to a set depth and keep the rig afloat.

The rig sits low with a large part of its structure under water, which, coupled with eight huge anchors tying it to the ocean bed, gives it the stability needed to drill in very deep waters.

More than 100 people can be on board at a time and the semi-submersible has the capacity to drill in depths of more than 5,000 feet.

Drill ships

These vessels are also able to drill in very deep waters, although they are not as stable as semi-submersibles.

They are ship-shaped with rigs mounted in the centre. These drill through holes in the hulls to the seabed.

The main advantage of the drill ship is that it doesn't have to be towed on site as it can make its own way, saving time sailing from one oilfield to the next.

[steelwatch] 01/6/2012 20:33

As at the close of business on 31 May 2012 the Estimated NAV per share was 33.73 pence.

[steelwatch] 29/5/2012 13:47

As at the close of business on 28 May 2012 the Estimated NAV per share was 33.76 pence.

[steelwatch] 22/5/2012 15:54

As at the close of business on 21 May 2012 the Estimated NAV per share was 33.70 pence.

[steelwatch] 15/5/2012 17:11

As at the close of business on 14 May 2012 the Estimated NAV per share as 33.85 pence.

[steelwatch] 10/5/2012 21:24

Final Net Asset Value (NAV)

As at the close of business on 30 Apr 2012 the NAV per share was 33.85 pence.

[steelwatch] 08/5/2012 19:16

As at the close of business on 04 May 2012 the Estimated NAV per share as 33.87
pence.

[steelwatch] 03/5/2012 18:09

Ooops! Wrong thread.

[steelwatch] 01/5/2012 20:17

As at the close of business on 30(th) Apr 2012 the Estimated NAV per share was
33.84 pence.

[steelwatch] 24/4/2012 17:52

As at the close of business on 23 April 2012 the Estimated NAV per share was 33.79 pence.

Monthly fact sheet on the website should boost confidence further hopefully:

[steelwatch] 17/4/2012 18:38

As at the close of business on 16 April 2012 the Estimated NAV per share was 33.76 pence.

[steelwatch] 13/4/2012 18:01

Final Net Asset Value (NAV)

As at the close of business on 30 March 2012 the NAV per share was 33.45 pence.

[steelwatch] 10/4/2012 17:52

As at the close of business on 05 April 2012 the Estimated NAV per share as 33.70 pence.