
Roxar ASA (ROX.NO; “Roxar” or the “Company”) today announces that it has secured underwriting commitments for a NOK 400 million subordinated bond to be issued to refinance part of the Company’s short-term bank debt. The underwriting syndicate consists mainly of larger shareholders in the Company.
Roxar Solutions Result in Improved Production Monitoring & Reservoir Analysis, Better Decision-Making and Reduced Uncertainty
Mr. Ordin Husa has been appointed Managing Director of Roxar Software Solutions effective from 8 April 2008.
Roxar awarded NOK 45 mill subsea orders
Roxar ASA today announced the award of contract with StatoilHydro for its Permanent Downhole Monitoring Systems (PDMS) estimated to an annual value of NOK 20-40 million dependant upon annual activity level. The contract has a three times two year option period on top of the three base years.
Roxar`s Annual General Meeting will take place on May 30th, 2008 instead of May 6th, 2008 as previously announced.
As of March 19th, Roxar ASA now fulfils the requirements with respect to the balance between genders among the board members appointed by the employees.