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slulaw

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slulaw

Re: Sabong post# 86

Monday, 05/17/2010 8:42:56 PM

Monday, May 17, 2010 8:42:56 PM

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I have a question. Concerning the Platinum Explorer. In calculating the revenue contribution from this unit it is just like the jackups? So it would be 590,500*365*.45? Wont that give you the yearly amount for the drillship or is there different revenue recognition for that unit versus the jackups? Plus there will also be mobilization fees that need to be amortized as well.

Plus, I was trying to get the exact management fee as well. I saw that the contribution for the managed units is about 12-15 million a year based on certain items? Not sure how to get a margin estimate for those either?
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