KS Energy Sets Up KS Oil Rig Services

KS Energy has acquired a shelf company known as KS Oil Rig Services Inc., which was incorporated in the British Virgin Islands with an authorised share capital of US$50,000.00 divided into 50,000 shares of US$1.00 each. 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 will be US$50,000.00.

The principal activity of KS Oil Rig is that of an investment holding company for the purpose of seeking business opportunities in the USA and Gulf of Mexico.

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