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Announcement
Date : 05 October 2015

OTHERS PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR THE "COMPANY") - DEFERMENT OF DELIVERY OF THE SECOND UNIT OF PACIFIC CLASS® 400 JACK UP DRILLING RIG, THE PERISAI PACIFIC 102

PERISAI PETROLEUM TEKNOLOGI BHD

Type Announcement
Subject OTHERS
Description
PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR THE "COMPANY")
-	DEFERMENT OF DELIVERY OF THE SECOND UNIT OF PACIFIC CLASS® 400 JACK UP DRILLING RIG, THE PERISAI PACIFIC 102

1.  INTRODUCTION

Reference is made to our announcement of 28 February 2013 on the construction of the second unit of Pacific Class® 400 jack-up drilling rig, the Perisai Pacific 102.

We wish to inform that we have agreed with PPL Shipyard Pte Ltd to defer the delivery date of Perisai Pacific 102 to a date no later than 31 March 2016 (“Deferment").

2.   DETAILS OF THE DEFERMENT

The original delivery date for the Perisai Pacific 102 is on 30 April 2015. The delivery date is now revised to a date no later than 31 March 2016.  Apart from this Deferment, all other contractual provisions remain the same.

3.   EFFECTS

The Deferment will have no effect on the share capital of the Company. It is expected to contribute positively to the Group’s earnings and net assets upon deployment of Perisai Pacific 102.

4.   DIRECTORS’ AND MAJOR SHAREHOLDER’S INTEREST

None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the Deferment.

This announcement is dated 5 October 2015.






Announcement Info

Company Name PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name PERISAI
Date Announced 05 Oct 2015
Category General Announcement for PLC
Reference Number GA1-05102015-00011


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