Petrojack

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

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%).

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. The stock was reopened 11 minutes later at 10:00.

Bankruptcy

Petrojack reportedly went bankrupt toward the end of 2010.

References

↑ "Petrojack stiger 130 prosent". 17 November 2009.
↑ "Bankrupt Petrojack - Offshore.no International". Archived from the original on 2015-02-11. Retrieved 2015-02-11.

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[1] "Petrojack stiger 130 prosent". 17 November 2009.

[2] "Bankrupt Petrojack - Offshore.no International". Archived from the original on 2015-02-11. Retrieved 2015-02-11.