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Jacob-03

12/01/15 10:02 AM

#725 RE: doubleaa #724

I may have been mistaken on how the foreign subsidiaries are liquidated and/or held through the bankruptcy process. I was passing on information that was given to me.
As far as on-going CalDive Singapore projects, there are still personnel working on active projects. The project I spoke about in Myanmar/Burma is being carried out on a vessel called the HYSY289 (formally the Skandi Bergen, as a Chinese firm recently purchased it). I do not know what capacity Cal-Dive is involved. Personnel on the project are calling it a "caldive job", and I know office personnel from the Singapore office did mobilize it.
This very well could be the last of the work, I am not sure as I am just passing on info that I receive from a friend of a friend.

Again thanks for the information shared on this forum. I do work in the offshore oil and gas industry, and have done so for many years. I am a former Cal-Dive employee, and unfortunately still hold too many shares from brighter times.