Brief: KS Energy Sees Operating Environment Remain Challenging In Next 12 Mths
04/04/2019 11:33
April 4 (Reuters) - KS Energy Ltd KSTL.SI :
* KS ENERGY SEES OPERATING ENVIRONMENT TO REMAIN CHALLENGING
IN
NEXT 12 MTHS, SEES POSITIVE CASH FLOWS FROM EXISTING,
PROSPECTIVE RIG CHARTER CONTRACTS
* GROUP SHALL SEEK TO DIVEST ANY SURPLUS ASSETS & CURRENTLY
EXPECTS TO GENERATE AT LEAST US$1.2 MILLION FROM SUCH
DIVESTMENTS OVER COURSE OF YEAR
* EXPECTS TO SECURE ADDITIONAL WORK FOR ITS RIGS IN SOUTH
EAST
ASIA OVER COURSE OF YEAR AHEAD WITH CONTRACT VALUES OF AT LEAST
US$30 MILLION
* GROUP PLANS TO REDEEM $31 MILLION OF GROUP'S BONDS
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Further company coverage: KSTL.SI
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