Petrojack

Petrojack was a Norwegian offshore drilling rig operator. The company had 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 was listed on the Oslo Stock Exchange the next year. The largest shareholders were Petrolia Drilling (40%), Awilco Offshore (18%) and Sinvest (18%).

Petrojack ASA
Public (OSE: JACK)
IndustryOilfield services
Founded2004
HeadquartersOslo, Norway
Key people
Lars Moldestad (CEO)
Berge Gerdt Larsen (Chairman)
ServicesDrilling
Revenue NOK 810 million (2006)
NOK 772 million (2006)
NOK 566 million (2006)
Websitepetrojack.no

Stock Value

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.

Bankruptcy

Petrojack reportedly went bankrupt toward the end of 2010.[2]

References
  1. http://e24.no/boers-og-finans/article3377090.ece
  2. "Archived copy". Archived from the original on 2015-02-11. Retrieved 2015-02-11.CS1 maint: archived copy as title (link)
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