Penguin International

[Ben]

The sales of exiting crew boats and the fact that it was sold at a reasonable profit was a pleasant surprise to me. This means that, even in today's depressed market, Penguin's crew boat has its value and usefulness. Also noticed that its cash level has increased again. So, whether it will be used to declare a nice dividends next year, or use to tight through the challenging times ahead, Penguin is in a financial position not many in the O&G sectors has.