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Falcon Energy Group Ltd
10 Raeburn Park, #01-33B
Phone: +65 65387177p:+65 65387177 088702  Singapore Ticker: 5FL5FL
Filed for Reorganization Proceedings on 7/25/2019
On 7/25/2019, Falcon Energy Group Limited (FEG) and Asetanian Marine Pte. Ltd., commenced a court-supervised process to reorganize their liabilities by filing applications in the High Court of the Republic of Singapore for a Moratorium from its Creditors pursuant to Section 211B(1) of the Companies Act (Cap. 50).
On 7/9/2020, Falcon Energy Group Ltd and its subsidiary, Asetanian Marine, filed Scheme of Arrangement documents and the Extension Of Moratorium Under Section 210(1) And Section 211B(7) Of The Companies Act (Cap. 50) with the Singapore Exchange.
This company is no longer actively traded on any major stock exchange.
Business Summary
Falcon Energy Group Limited is a Singapore-based offshore marine, and oil and gas company. The Company provides a full spectrum of services to global oil companies and contractors, from the initial exploration and drilling stage to production and post-production stages with focus on production phase. It operates its business under five divisions: Marine, Oilfield Services, Oilfield Projects, Drilling Services, and Resources. The Marine Division has a fleet of offshore support vessels to provide direct support to its customers, mainly in the production phase of oil and gas projects. The Oilfield Services Division provides services such as agencies, logistics, procurement, and other general support activities. The Oilfield Projects Division has been involved in projects and investments related to the offshore marine and oil and gas industries. The Drilling Services Division provides drilling and related services to oil, national oil companies, and oil and gas contractors.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
6/30/20206/30/2018Yes----

Industries
SIC Code Description
1389 Oil and gas field services, not elsewhere classified
1241 Coal mining services
4491 Marine cargo handling

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Executive Chairman of the Board, Chief Executive Officer Pong TyeaTan 76 5/24/2006 5/24/2006
Financial Controller Khong YuenChew 49 4/16/2020 4/16/2020
Director of Falcon Resources Management Pte Ltd Tat HoongLau 1/1/2011 1/1/2011
7 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
CH Offshore Ltd 12A Jalan Samulun Singapore

Business Names
Business Name
5FL
Asetanian Marine Pte Ltd.
CAPITAL GUARDIAN LIMITED
9 additional Business Names available in full report.

General Information
Number of Employees: 108 (As of 9/30/2005)
Outstanding Shares: 823,442,375 (As of 6/30/2020)
Shareholders: 2,790
Stock Exchange: SIN
Fax Number: +65 65387188


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Saturday, November 16, 2024