Saturday, October 27, 2007

KS Energy Ltd. acquires a BVI-registered shelf company KS Oil Rig Services Inc.

Global energy provider KS Energy Limited has acquired a shelf company KS Oil Rig Services Inc., incorporated in the British Virgin Islands with an authorised share capital of US$50,000.

KS Oil Rig is a wholly-owned subsidiary of KS Energy, with effect from 3 July 2007. The paid-up share capital of KS Oil Rig is that of an investment holding company for the purpose of seeking business opportunities in the U.S. and Gulf of Mexico.

KS Energy, formerly known as KS Tech Ltd, is an energy services group catering to the oil and gas and petrochemical industries around the world. The Group is headquartered in Singapore, and has subsidiaries and representative offices in China, Vietnam, Thailand, Qatar, UAE, USA, and Malaysia, to support its global base of oil and gas customers.