Notice regarding Corporate Reorganization Proceedings
On June 22, 2018, we have applied to the Tokyo District Court (the "Court") for the commencement of corporate reorganization proceedings. Accordingly on July 25, 2018, the Court issued the commencement order for the above mentioned proceedings. We remain fully committed to reorganize, and continue our business. We sincerely apologize to all of our shareholders, financial creditors, customers and suppliers and other parties concerned for this inconvenience this situation would cause.
- 2018-07-25 Notice of Commencement of Corporate Reorganization Proceedings
- 2018-07-19 "HAKURYU-11" started its drilling operation offshore Vietnam.
- 2018-06-22 Regarding our filing of a petition for the commencement of corporate reorganization proceedings
- 2018-05-01 JDC started the drilling operation utilizing "HAKURYU-5" in Vietnam.
- 2018-03-28 JDC started its operation utilizing "CHIKYU"
- 2018-02-28 The winding-up process commences for Malaysian Joint Venture, UMW JDC Drilling Sdn. Bhd. (JDC's Affiliate)
- 2018-02-12 JDC has started the drilling operation utilizing "HAKURYU-10" based on the contract with North Oil Company ("NOC").
- 2018-01-01 "SAGADRIL-1" started the drilling operation
- 2017-12-27 JDC has started the drilling operation utilizing "HAKURYU-5" based on the contract with MDC Oil & Gas (SK 320) Ltd. ("MDC").