Well undervalue - awaiting results17 May 2018 13:19
30 May 2017 � for period up to 31 Dec 2016
During the year under review, Jiangsu Yangzijiang Offshore Engineering Co. Ltd ("YZJ Offshore") completed its first order, a Le Tourneau Super 116E Class design self-elevating mobile offshore jack up drilling rig ("Explorer 1"), pending final delivery checks. The rig has yet to be delivered as the purchaser of Explorer 1 is in the process of securing financing and employment for the rig. In the meantime, signs of improvement, however, are evident as YZJ Offshore has had credible enquiries including interest in Explorer 1. In the meantime, YZJ offshore has been utilising its facilities to provide berthing capacity and build modules for LNG vessels. YZJ Offshore has been fabricating blocks for container ships and gas carrier vessels. As such it generated revenues by employing its berthing capacity and modules for liquefied natural gas tanks. It is also exploring the building of other types of modules and other vessels.
26 Sep 2017 � for period up to 30 June 2017
The yard is preparing to deliver the rig.
29 May 2018 estimated � awaiting results for period up to 31 Dec 2017
Rig now delivered? Delivery year: 2018, Flag: Panama
http://images.rigzone.com/data/offshore_drilling_rigs/1820/Jackup/Explorer_I_Limited/offshore_drilling_rigs/385/Semisub/Transocean_Ltd/Jack_Bates
Net assets at last report: $17.7m
Current mcap: around �4.5m
Share Price year high: 22.5p (May 2017)
Well undervalue � good luck all