SALE OF BULFORD DOLPHIN
A subsidiary of First Olsen Ltd., which in turn isowned 50/50 by Bonheur ASA and Ganger Rolf ASA,has entered into an agreement for the sale of the1977 built semi-submersible Aker H3 rig BulfordDolphin for a consideration of USD 211mill. Therig is currently offshore Ghana, following arecent termination of a drilling contract inNigeria. Delivery is expected to take place in the4thquarter 2007 and estimated net book sales gainis approx USD 193 mill.A subsidiary of First Olsen Ltd., which in turnisowned 50/50 by Bonheur ASA and Ganger Rolf ASA,has entered into an