Monthly Shareholder Fact Sheet
(Thomson Reuters ONE) - CQS Rig Finance Fund Limited: Monthly Shareholder Fact Sheet CQS RIG FINANCE FUND LIMITED Monthly Shareholder Fact SheetCQS Rig Finance Fund Limited (the "Company") a closed-endedinvestment company incorporated in Guernsey, is pleased to announcethat its Monthly Fact Sheet for August 2009 is now available onthe Company's website and includes information on the top teninvestments and outstanding borrowings:www.cqsrigfinance.comDuring August, the price for WTI crude oil for October delivery wasfairly stable at around $70 per barrel. In the wider markets, equitylevels edged higher as did high yield bond prices, albeit on thinvolumes due to the holiday season.In the rig markets, there was good news in the Floating, Production,Storage and Offloading (FPSO) unit sector and the first leasecontract in a year was announced. A Letter of Agreement was signedbetween SBM Offshore N.V. and Noble Energy Inc. for an offshore fieldin Equatorial Guinea and is for a period of fifteen years, commencingin late 2011, with provisions for further extensions for up to fiveyears. According to analysts, more projects are being pursued at themoment that will likely lead to further contract awards in H209/H110.In the drilling sector, Transocean Ltd. announced a new 455 daycontract with Noble Energy for their deepwater semi-sub Rig SedcoExpress. The day rate is strong at US$530,000 per day however theduration is relatively short. On a less positive note it was reportedby ODS Petrodata that Petrobras has cancelled its proposed charter ofnew-build deepwater rig Deepsea Stavanger, meaning that this rig willbe available for work from mid 2010.Several portfolio positions recorded gains in the month. These weregenerated across the Drilling, FPSO and Services sectors as sentimentcontinued to improve. The largest gain was seen from the position inRubicon Offshore International Holdings Ltd. after one of thecompany's FPSOs successfully reconnected to its oil field following aperiod of disconnection due to adverse weather conditions.All market data in this report is sourced from Bloomberg and Pareto.For further information, please contact:Lynette Le PrevostSecretaryKleinwort Benson (Channel Islands) Fund Services Limited01481 727111Alastair MoretonDirector, Corporate FinanceArbuthnot Securities020 7012 2000---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 18.09.2009 - 15:37 Uhr
Sprache: Deutsch
News-ID 5972
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