SOURCE: Prospector Offshore Drilling

February 17, 2011 11:30 ET

PROS - Prospector Offshore Drilling S.A. announces approval of the listing prospectus and first day of trading on the Oslo Axess

LUXEMBOURG--(Marketwire - February 17, 2011) - Further to the announcement by Oslo Børs on 19 January 2011 regarding the approval of the listing of Prospector Offshore Drilling S.A. (the "Company") on the Oslo Axess, the Company is announcing that it has met all the requirements for listing set out therein. The Company's listing prospectus was approved by the Luxembourg Commission de Surveillance du Secteur Financier (the "CSSF") on February 16, 2011, and with this approval all conditions stipulated by the Oslo Børs are now fulfilled. The listing prospectus will be passported into Norway by notification from the CSSF to the Financial Supervisory Authority of Norway in compliance with the regulation of the Prospectus Directive.

Bill Rose, Chief Executive Officer of the Company says "This listing on the Oslo Axess fulfils a commitment we made to our initial investors, to provide them with a high quality regulated market for their shares in the Company. We thank both the Oslo Børs and our professional service providers and bankers for their support in this listing, which we expect to form the basis for the further development and growth of the Company."

The Company expects the first trading day on Oslo Axess to be on Monday February 21, 2011. From the same time the registration on the NOTC list operated by the Norwegian Dealers Association will cease.

The Company has retained Carnegie ASA, NRP Securities ASA and Pareto Securities AS as managers (the "Managers") in connection with the listing process.

This information is subject of the disclosure requirements acc. to §5- 12 vphl (Norwegian Securities Trading Act)

The Company's prospectus will be available on the Company's website www.prospectoroffshoredrilling.com and obtained from the companies listed below:

Prospector Offshore Drilling S.A.
65, Boulevard Grande-Duchesse Charlotte
L-1331 Luxembourg
Luxembourg
Tel: +352 62 13 13 736

Carnegie ASA
Stranden 1
P.O.Box 684 Sentrum
0106 Oslo
Norway
Tel: +47 22 00 93 00
Fax: +47 22 00 94 00

NRP Securities ASA
Haakon VII's gt 1
P.O. Box 1358 Vika
N-0113 Oslo
Norway
Tel: +47 22 00 81 81
Fax: +47 22 01 79 69

Pareto Securities AS
Dronning Mauds gate 3
P.O. Box 1411 Vika
N-0115 Oslo
Norway
Tel: +47 22 87 87 00
Fax: +47 22 87 87 10

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.



Press Release pdf: http://hugin.info/145297/R/1490272/425840.pdf




This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:

(i) the releases contained herein are protected by copyright and
    other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
     originality of the information contained therein.

Source: Prospector Offshore Drilling via Thomson Reuters ONE

[HUG#1490272]

Contact Information

  • Contact:
    Steven Manz
    Vice President and Chief Financial Officer
    Prospector Offshore Drilling S.A.
    Tel: +1 281 560 8010