Revenues in the quarter were USD 26.1 million (USD 28.8 million); no operating revenue on M/T Knock Muire as compared to 2010. A capital loss on the sale of Knock Muir was USD 1.3 million as reported in 2q, reduces total revenue (capital gain of USD 1.4 million on the sale of Knock Dee in 2q 2010). Total operating expenses were USD 17.7 million (USD 14.6 million), the increase over last year mainly related to increased operation cost for FPSO Knock Allan, FPSO Knock Adoon and legal expenses. After depreciation of USD 7.5 million (USD 8.0 million) the 3rd quarter operating loss (EBIT) was USD 0.4 million (profit USD 7.6 million).

Half year revenues were USD 56.6 million (USD 57.9 million) with an EBITDA of USD 23.2 million (USD 26.4 million). EBIT for the first six months was USD 7.5 million (negative USD 1.7 million).