Shares of Ezra Holdings rose as much as 4.5% this morning after the company said its subsea construction division, EMAS AMC, had secured two contracts worth around 425 million Norwegian crowns ($91 million).
The contracts were from Statoil ASA to replace chains and risers in the North Sea, Ezra said in a statement.
The value of the contracts may be lifted to 600 million Norwegian crowns if contract options are exercised, it added.
Ezra is now up 5.1% at 93.5 cents.
Tuesday, January 10, 2012
Ezra jumps on contract wins
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