
On Wednesday 12 November 2008 the Board resolved to grant the Chairman of the Board and the Management of the Company a mandate to engage a financial advisor.
Q3 2008 operating profit (EBITDA) was NOK 39.7 million, and this represents an increase of 26.3% compared to Q3 2007.
Roxar ASA`s third quarter results 2008 will be released on Thursday 6 November. The results will be presented at 08.00 CET by CEO Gunnar Hviding, CFO Even Gjesdal and Chairman Hans Olav Torsen.
Roxar has today received an LOI worth a total of NOK 21 million for topside meters and software for production data analysis to a major project offshore Malaysia.
Roxar has today received an LOI worth a total of NOK 23 million for topside multiphase meters to a major client in Mexico.
Roxar goes beyond reservoir simulation and includes the entire production system
Kenneth Olsvik, Vice President Subsea Roxar ASA, has 4. September 2008 acquired 18.000 shares in Roxar ASA at a price of NOK 5,10.
Roxar ASA (Oslo Børs: ROX) has today received an LOI for subsea multiphase meters on a West African project worth MNOK 10.1.