Petrojack

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Petrojack ASA
Type Public (OSE: JACK)
Industry Petroleum
Founded 2004
Headquarters Oslo, Norway
Key people Lars Moldestad (CEO)
Berge Gerdt Larsen (Chairman)
Products Drilling
Revenue Increase NOK 810 million (2006)
Operating income NOK 772 million (2006)
Net income NOK 566 million (2006)
Website petrojack.no

Petrojack is a Norwegian offshore drilling rig operator. The company has two jackup rigs under order from Jurong Shipyard in Singapore, while it sold its two former rigs Petrojack I and Petrojack III to Maersk Drilling. The company was founded in 2004 and listed on the Oslo Stock Exchange the next year. The largest shareholders are Petrolia Drilling (40%), Awilco Offshore (18%) and Sinvest (18%).

Stock Value[edit]

In week 47 2009, Petrojack's stock value went up from 0,90 NOK per share to a maximum of 7,12 NOK per share. On the first day of this extreme rise, at 09:49, the stock was suspended because the share price rose 64% without any statement from the company itself.[1] The stock was reopened 11 minutes later at 10:00.

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