Brief: Falcon Energy Says Builder Served Termination Notice
23/05/2018 16:02
May 23 (Reuters) - Falcon Energy Group Ltd FEGL.SI :
* BUILDER SERVED TERMINATION NOTICE TO FTS DERRICKS IN
RELATION TO
CONSTRUCTION CONTRACT OF MOBILE OFFSHORE SELF-ELEVATING DRILLING
UNIT
* CO HAS INTEREST OF 25% IN RIG & EXPECTS TO WRITE OFF
US$11.36
MILLION THAT WAS PAID TO BUILDER AS DEPOSIT IN FY ENDING 30 JUNE
2018
Source text for Eikon: urn:newsml:reuters.com:*:nSNZ8KcpN8
Further company coverage: FEGL.SI
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Falcon Energy
See all newsBrief: Falcon Energy Makes Application For Moratorium Pursuant To Section 64 Of Insolvency, Restructuring And Dissolution Act 2018
Brief: Falcon Energy Receives A Fresh Statutory Demand Dated 14 July From Solicitors Of Ambank (M)
Brief: Falcon Energy Group Gets Statutory Demand From Solicitors Of Ambank (M)
Brief: Falcon Energy Group Responds To SGX-ST Query
Brief: Falcon Energy Group Says Lam May Yih Resigns As CFO