🔴 Borr Drilling is trading 11.82% down in pre-market after Prospector 5 sank offshore Gabon

Borr Drilling is trading at $3.88, down 11.82%, after its Prospector 5 rig sank offshore Gabon.

• The company announced the sinking on October 25, following a stability incident during jacking operations.
• Five of the 115 people onboard remained unaccounted for as search-and-rescue efforts continued.
• Borr Drilling owns and operates the rig, which was contracted to BW Energy; the announcement did not quantify the financial impact.