TS Topaz (FTSG Co. Ltd.) (Jackup)

Falcon Energy confirms order of newbuild jackup

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18 April 2013

The Board of Directors of Falcon Energy Group Limited (Falcon) wishes to announce that FTS Derricks Pte. Ltd. (FTS Derricks), a subsidiary of the Company, has entered into a construction contract (Construction Contract) with Keppel FELS Limited (Keppel FELS) dated 3rd April 2013 in relation to the construction and sale by Keppel FELS to FTS Derricks of a mobile offshore self-elevating drilling unit (more particularly, a KFELS Super B Class Self Elevating Offshore Jackup Drilling Unit) (Vessel). The contract price for the Vessel is USD225,650,000, payable in instalments. FTS Derricks is 65% owned by Falcon and 35% owned by Mr Cai Wenxing (a director of the Company). Keppel FELS is a subsidiary of Keppel Offshore & Marine Ltd, a wholly-owned subsidiary of Keppel Corporation Limited.

Source: http://falconenergy.com.sg/attach/sgx%20apr18.2013%20-%20fegannt.pdf

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