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Jasper to reap $149m from sale

Jasper to reap $149m from sale
Jasper Investments Limited on Friday said it will reap US$149 million in net proceeds from the sale of a drill ship by its subsidiaries.

Jasper Investments Limited on Friday said it will reap US$149 million in net proceeds from the sale of a drill ship by its subsidiaries.

Jasper Investments Limited on Friday said it will reap US$149 million in net proceeds from the sale of a drill ship by its subsidiaries.

Jasper, which has been listed on the SGX since 1993, said its subsiairies the Neptune Group has sold the drillship the 'Neptune Discoverer' on Wednesday to PetroSaudi International group.

As part of the sale, PetroSaudi was also assigned the drilling contract between the Neptune Group with Petroleos de Venezuela, S.A.

The total consideration for the Neptune Discoverer of US$150 million, has been received.

Jasper said the funds has been used to fully repay the bank loan secured against the Neptune Discoverer and to reduce other liabilities of the Neptune Group.

The funds will better position the company to look for other acquisitions and opportunities to increase its fleet.

www.TurkishMaritime.com.tr

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