Songa Offshore Reports Third Quarter Results

Songa Offshore's consolidated after tax loss for the third quarter 2006 was US $7.8 million. Accumulated loss for the first nine months of 2006 was US $24.4 million.

Operating expenses for the third quarter was US $6.7 million. Accumulated for the first nine months of 2006 the operating expenses were US $17.9 million.

Financial expenses for the period were US $4.6 million. Accumulated the financial expenses were US $17.9 million.

Capitalized re-commissioning costs for the third quarter was US $44.0 million. Accumulated for the first nine months 2006 the capitalized re-commissioning costs were US $105.3 million.

Earnings per share (EPS) for the period were US $ -0.10. Accumulated EPS for the first nine months 2006 were US $-0.34.

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