Examples of Spinnaker Exploration Company in a sentence
The Initial Financial Statements of Spinnaker Exploration Company were prepared in accordance with GAAP.
In 2005, we acquired all of the shares of Spinnaker Exploration Company in an all-cash transaction for USD 2.45 billion (NOK 16.5 billion).
Unusual items, net also includes a $26.0 million gain associated with the resolution of a UK lease contingency and a $54.7 million gain associated with the sale of PGS' shares in Spinnaker Exploration Company.
Later, we developed our businesses further through substantial acquisitions, including Saga Petroleum in 1999, VAW Aluminium in 2002 and Spinnaker Exploration Company in 2005.
He served as President, Chief Executive Officer and Director of Spinnaker Exploration Company, a natural gas and oil exploration and production company, from 1996 and as its Chairman of the Board from 1998, until its acquisition by Norsk Hydro ASA in December 2005.
These charges were partially offset by the recognition of a $54.7 million gain on the sale of PGS’ shares in Spinnaker Exploration Company, the recognition of a $26.0 million gain on the resolution of contingencies related to a UK lease, and net tax benefits of $58.5 million related to the above items as well as certain other unusual tax charges.
Other income, net for the quarter and year ended December 31, 2000 includes a $54.7 million gain associated with the sale of PGS' shares in Spinnaker Exploration Company and a $26.0 million gain associated with the resolution of a UK lease contingency.
His vision and experience will be missed; however, I can assure you that the existing management team will continue our culture of entrepreneurship and pioneering technology.” Michaelsen went on to say, “We were pleased with the sale of our investment in Spinnaker Exploration Company and the execution of a definitive agreement to sell our Petrobank data management and software operations, both occurring in the fourth quarter.
The address of the principal office of the Trust is c/o Spinnaker Exploration Company, 1200 Smith Street, Suite 800, Houston, Texas 77002.
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