KS Energy makes sizeable profit from rig resale

Singapore: KS Energy is selling the KS Orient Star 1, a rig under construction for $84.88m. For KS Energy the deal with represents an excess of $45.24m over the aggregate book value of the jackup rig which was $39.64m as at 31 March 2014.
KS Energy did not identify who has bought the rig, which is under construction in Singapore.  [20/06/14]

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