April 15, 2005

Initial private placement completed - $3.8 million raised

April 22, 2005

Scorpion Offshore LP (formerly Bassoe Partners LP)

June 22, 2005

Raised $10.0 million in equity capital

June 30, 2005

Raised $12.0 million in equity capital

August 22, 2005

Scorpion Offshore Ltd. incorporated in Bermuda

August 30, 2005

Raised $111.1 million in equity capital

September 2, 2005

Began trading on the OTC under the ticker “SCOF”

September 15, 2005

Strike Steel on the Offshore Courageous

November 8, 2005

Raised $225 million in 2nd Lien Term Loan C Debt Financing

November 28, 2005

Strike Steel on the Offshore Defender

November 30, 2005

Raised $220 million in 1st Lien Debt Term Loan and Revolver Financing

December 6, 2006

5:1 stock split effective

December 20, 2005

Listed on the Oslo Bors under the ticker “SCORE”

January 5, 2006

Raised $25 million in equity capital

January 31, 2006

Ordered a 5th ultra premium jack-up, the Offshore Intrepid

May 22, 2006

Management team in place

June 20, 2006

Strike Steel on the Offshore Resolute