Dolphin Drilling (DDRIL)

TekBot · november 10, 2023, 6:31am

Dolphin Drilling obtains UK acceptance for Paul B. Loyd, Jr. Safety Case

(Oslo, 10 November 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
today announces Safety Case acceptance from the UK Offshore Major Accident
Regulator (OMAR) for the semi-submersible Paul B. Loyd, Jr., being acquired from
…

Vis børsmeldingen

Transocean to develop a leading offshore drilling contractor in the UK sector.

"We are excited about the rapid UK Competent Authority response to our material
change submission following an efficient application process in close
cooperation with Transocean for the Paul B. Loyd, Jr., where Dolphin Drilling
systems are accepted in accordance with Safety Case regulations. We hold a rich
history as a drilling pioneer in the North Sea with a long track-record in the
UK, where we now aim to build the position as the leading drilling contractor,
"says Bjørnar Iversen, CEO of Dolphin Drilling.

Reference is made to the announcement 22 June 2023 regarding the acquisition of
two semi-submersible rigs, the Paul B. Loyd, Jr. and the Transocean Leader. The
agreement was conditioned upon acceptance of a material change of the Paul B.
Loyd, Jr. UK HSE safety case to Dolphin Drilling as duty holder, and which was
expected within 31 December 2023, and obtained ahead of schedule.

Following closing of the rig acquisition the Paul B. Loyd, Jr. will be under
contract with Harbour Energy in the UK with the firm period slated to last until
September 2027, with another 5 x 1 year option periods thereafter.

"This transaction signifies an important stride for Dolphin Drilling as we
showcase our operational platform’s capacity to incorporate additional assets
and generate immediate, robust cash flows for our shareholders. We see strong
interest for our offshore floater rigs in the UK sector, providing safe and
efficient drilling operations for our clients, "Iversen concludes.

ENDS

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, Mobile: +47 920
45 320, Email: Ingolf.gillesdal@dolphindrilling.com

Dolphin Drilling | www.dolphindrilling.com
Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational

Kilde

TekBot · november 21, 2023, 4:01pm

Dolphin Drilling - Invitation to presentation of third quarter 2023 results

(Oslo, 21 November 2023) Dolphin Drilling AS (OSE: DDRIL, Dolphin Drilling) plan
to publish its financial report for the third quarter of 2023 on Tuesday 28
November at 07.30 CET. The results will be presented on 28 November 2023 through
…

Vis børsmeldingen

a webcast starting 9:00 CET. The presentation will be held by CEO Bjørnar
Iversen and CFO Stephen Cox.

Link to Q3 webcast

https://channel.royalcast.com/landingpage/hegnarmedia/20231128_5/ (https://eur02.
Error during processing.
ngpage%2Fhegnarmedia%2F20231128_5%2F&data=05%7C01%7Cingolf.gillesdal%40dolphindri
lling.com%7Ca93c3da58a0e4383040a08dbe6b8a141%7C1f7c7463976d4ff090e7a96b887a736f%7
C0%7C0%7C638357452908019270%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV
2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=bhsD%2FGne4FgDIBdkH0J
OxuRXKjjtMDMQX9uPNVFNQow%3D&reserved=0)

Participants may also visit the Investor Relations section of the Company’s
website at www.dolphindrilling.com and click on the link to “Webcast”.

There will be a Q&A session following the presentation. Written questions can be
submitted through the audiocast solution during the presentation. It is also
possible to submit questions to Ingolf.gillesdal@dolphindrilling.com in advance.

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
%3A%2F%2Fwww.dolphindrilling.com%2F&data=05%7C01%7Cingolf.gillesdal%40dolphindril
ling.com%7C73925acfacb94aadd1bd08db47c73be0%7C1f7c7463976d4ff090e7a96b887a736f%7C
0%7C0%7C638182693275219414%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2
luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=HkbWjjc6FqEoo5cMCP6kIO
9QUC2JhrjPUpTrGvFCh%2B0%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three higher
technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore employees, and onshore locations in Norway, Scotland, Brazil, and
Nigeria.

Kilde

TekBot · november 28, 2023, 6:16am

Dolphin Drilling - contract award for Borgland Dolphin in the UK

(Oslo, 28 November 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
today announces the award of a contract for Borgland Dolphin by EnQuest PLC
(EnQuest) in the UK.
…

Vis børsmeldingen

The contract includes a firm 137-day drilling programme and includes a
contribution for the reactivation of the Borgland Dolphin, with EnQuest having a
further option, to be confirmed within 90 days of contract signing, to extend
for a significant additional work scope as part of a strategic alliance over a 5
-year period. Within this 5-year period, Dolphin Drilling would have schedule
flexibility. As such, this contract enables Dolphin Drilling to strategically
position the Borgland Dolphin in the North Sea, where extensive, multi-year
production and development well drilling and well plug and abandonment campaigns
are expected to be undertaken. Dolphin Drilling is working collaboratively with
potential clients to establish flexible contracts that allow such work to be
planned and executed clusters in a safe, efficient, and cost-effective manner.

“We are pleased to announce this contract award with EnQuest for the
semisubmersible rig Borgland Dolphin. This flexible contract showcases our
strategy within semisubmersible moored drilling operations and underlines the
value creation potential for our rig acquisitions earlier this year. Dolphin
Drilling’s fleet of well-maintained and efficient rigs should serve to be
attractive for our clients in the UK in order to deliver much-needed energy
supply,” says Bjørnar Iversen, Chief Executive Officer at Dolphin Drilling.

ENDS

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
%3A%2F%2Fwww.dolphindrilling.com%2F&data=05%7C01%7Cingolf.gillesdal%40dolphindril
ling.com%7C73925acfacb94aadd1bd08db47c73be0%7C1f7c7463976d4ff090e7a96b887a736f%7C
0%7C0%7C638182693275219414%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2
luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=HkbWjjc6FqEoo5cMCP6kIO
9QUC2JhrjPUpTrGvFCh%2B0%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three higher
technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore employees, and onshore locations in Norway, Scotland, Brazil, and
Nigeria.

Kilde

TekBot · november 28, 2023, 6:18am

Dolphin Drilling - third quarter 2023 financial results

(Oslo, 28 November 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
today announced its unaudited results for the three and nine months ended 30
September 2023.
…

Vis børsmeldingen

Q3 2023 highlights

· EBITDA of USD 4.6 million (USD 1.6 million in Q2)
· Blackford Dolphin has been operating for General Hydrocarbons Limited (GHL)
throughout the quarter and achieved 98.3% operational performance
· The Total Recordable Incident Rate for the Blackford Dolphin operation was
zero during the quarter
· Operating cost for Blackford at USD 106,000 per day, improved from USD
116,000 in the previous quarter
· Completed a private placement of USD 60 million and a subsequent repair
offering raising USD 8 million. Total outstanding shares of 219,890,099 after
the capital raises
· Accounts receivable outstanding has increased during the quarter. Despite
extensive efforts made by the company to collect on past due payments from
General Hydrocarbons Limited (GHL), the total receivable balance grew to USD 41
million, which includes USD 6 million payable by Peak Petroleum and USD 17.3
million of net amounts due from GHL (after netting advances, withholding tax and
VAT)

Subsequent events

· Signed contract with EnQuest PLC for a drilling program in UK for Borgland
Dolphin. Firm period of 137 days plus mobilisation plus significant optional
periods to be confirmed within 90 days
· Signed LOA with Oil India Limited for a drilling program in India
· Dolphin obtained UK acceptance for Paul B. Loyd, Jr. Safety Case ahead of
schedule. Closing of transaction now anticipated early in Qtr 1 2024
· Signed a term sheet for a USD 65 million Loan Facility with Maritime Asset
Partners Ltd, expected to complete in conjunction with Paul B. Loyd, Jr
acquisition
· The total Revenue backlog of USD 422 million, excluding option periods,
effective on 30 November 28, 2023, including the contemplated acquisition of
Paul B. Loyd, Jr. and Transocean Leader

Bjørnar Iversen, CEO of Dolphin Drilling commented:

“The company has made good progress adding contract revenue backlog following
Euronext Growth listing in Q3 2022. As of the date of this report we have
increased total firm revenue backlog to USD 422 million. Adding option periods,
the revenue backlog increases to USD 941 million. We are pleased to have secured
firm work for three of our drilling rigs including the to be acquired rig Paul
B. Loyd, Jr., delivering on our promises to return more of our stacked rigs to
work.”

Dolphin Drilling will present its results for the third quarter of 2023 in a
webcast today, 28 November 2023, at 9:00 CEST. The presentation material is
enclosed with this announcement. The webcast can be accessed from this link:

Direct link:

https://channel.royalcast.com/landingpage/hegnarmedia/20231128_5/

For further information, please contact: Ingolf Gillesdal, email:

ingolf.gillesdal@dolphindrilling.com, tel: +47 920 45 320 Dolphin Drilling |
www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

Kilde

TekBot · desember 1, 2023, 12:48pm

Dolphin Drilling terminates Peak Petroleum contract

(Oslo, 1 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) today
announces the termination of the contract with Peak Petroleum.

…

Vis børsmeldingen

Reference is made to the third quarter 2023 financial report, announced 28
November 2023, outlining the continued breach of the contract between Dolphin
Drilling and Peak Petroleum. The contract has now been terminated by Dolphin
Drilling. The contract backlog reported in the third quarter 2023 report was
adjusted for the contract termination, and will remain at the same level as
reported.

ENDS

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920
45 320

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
s%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.dolphindrilling.com__%3B!!EMTXI9L
eJNZKruOW!XNog4Qkg-YgnJNs-Af_TxMUbgkxJcDH7uptRW88pD8n3UqhXT
-yacDMagkIMgjL6vFRi7YVhv4dp8ve
-GEWQ4ZS7xpRMsrbNuupU9HuIR_g%24&data=05%7C01%7Cingolf.gillesdal%40dolphindrilling
.com%7C4c4a1d097e9e44062a9c08dbf2637ea4%7C1f7c7463976d4ff090e7a96b887a736f%7C0%7C
0%7C638370281373981483%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMz
IiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=CQV1aCegfNYfGzT5zc2bQMKX%2
BNBZlNpDDmpinF440Dk%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

Kilde

TekBot · desember 22, 2023, 8:49am

Financial calendar

TekBot · desember 22, 2023, 1:36pm

Borgland Dolphin signed LOI in the UK

(Oslo, 22 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
announces a Letter of Intent (LOI) for a 500-day drilling campaign with an
undisclosed operator in the UK.
…

Vis børsmeldingen

Dolphin Drilling has signed an LOI for a 500-day drilling campaign in the UK for
the semisubmersible rig Borgland Dolphin. The drilling campaign is planned to
commence directly after the firm contract period with EnQuest Ltd, previously
announced. The contract value includes an upfront cash payment and a fixed
dayrate. With this announcement Borgland Dolphin has backlog throughout 2025 and
2026, plus further options with schedule flexibility.

ENDS

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920
45 320

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
s%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.dolphindrilling.com__%3B!!EMTXI9L
eJNZKruOW!XNog4Qkg-YgnJNs-Af_TxMUbgkxJcDH7uptRW88pD8n3UqhXT
-yacDMagkIMgjL6vFRi7YVhv4dp8ve
-GEWQ4ZS7xpRMsrbNuupU9HuIR_g%24&data=05%7C01%7Cingolf.gillesdal%40dolphindrilling
.com%7C4c4a1d097e9e44062a9c08dbf2637ea4%7C1f7c7463976d4ff090e7a96b887a736f%7C0%7C
0%7C638370281373981483%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMz
IiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=CQV1aCegfNYfGzT5zc2bQMKX%2
BNBZlNpDDmpinF440Dk%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

Kilde

TekBot · desember 22, 2023, 4:54pm

Dolphin Drilling - new loan facility signed

(Oslo, 22 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
announces signed loan facility with MAP Ltd for USD 65 million senior secured
loan facility.
…

Vis børsmeldingen

Reference is made to the Dolphin Drilling Q3 financial report from November 28
2023, where we informed of a signed term sheet for a loan facility. We are
pleased to inform that the agreement has been signed by all parties. The loan
expires in September 2027, with no debt amortization for the first 12 months,
and monthly payments thereafter until loan expiry date.

ENDS

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920
45?320

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
s%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.dolphindrilling.com__%3B!!EMTXI9L
eJNZKruOW!XNog4Qkg-YgnJNs-Af_TxMUbgkxJcDH7uptRW88pD8n3UqhXT
-yacDMagkIMgjL6vFRi7YVhv4dp8ve
-GEWQ4ZS7xpRMsrbNuupU9HuIR_g%24&data=05%7C01%7Cingolf.gillesdal%40dolphindrilling
.com%7C4c4a1d097e9e44062a9c08dbf2637ea4%7C1f7c7463976d4ff090e7a96b887a736f%7C0%7C
0%7C638370281373981483%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMz
IiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=CQV1aCegfNYfGzT5zc2bQMKX%2
BNBZlNpDDmpinF440Dk%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

Kilde

Chrishn · desember 22, 2023, 4:57pm

Fint at det kan gå litt veien også. Kontrakt på 500 dager er ikke bare bare. Framtiden ser lys ut

TekBot · desember 24, 2023, 9:01am

Notice of legal action in relation to termination of Peak Petroleum contract

(Oslo, 24 December 2023) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)

Reference is made to the announcement on 1 December 2023 relating to termination
…

Vis børsmeldingen

of the Peak Petroleum contract. The termination was a result of the continued
breach of contract by Peak Petroleum. The contract backlog reported in the third
quarter 2023 report was adjusted for the contract termination, as further
announced in the release on 1 December 2023.

Dolphin Drilling today announces that it has received formal notice of legal
action from Peak Petroleum disputing the termination of the contract.

Dolphin Drilling disputes this position and together with its legal advisors
will take the appropriate measures. Further updates to the market will be
provided as and when available.

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320

Dolphin Drilling | www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore employees, and onshore locations in Norway, Scotland, Brazil, and
Nigeria.

Kilde

aksjewonka · desember 24, 2023, 10:46am

Chrishn · desember 24, 2023, 10:54am

Det bør være grei skuring dette. Det var peak petroleum som ikke fulgte kontrakten. Dolphin hadde ikke annet valg enn å terminere kontrakten.

TekBot · desember 28, 2023, 5:03pm

Dolphin Drilling AS: Mandatory notification of trade

Oslo, 28 December 2023, Bjørnar Iversen, CEO and primary insider of Dolphin
Drilling AS (the “Company”), has today transferred 390,104 shares from his
private VPS account to Veiholmen Brygge AS, a company controlled 50% by Bjørnar
…

Vis børsmeldingen

Iversen, and 50% by his wife and close associate, Hanne S N Herland-Iversen. The
transfer was completed at a price of NOK 8.16 of the Company’s shares on
Euronext Growth Oslo today. The total number of shares controlled by Bjørnar
Iversen and Veiholmen Brygge AS, directly or indirectly, remains unchanged at
544,624 shares in Dolphin Drilling AS.

Further, Ingolf Gillesdal, VP Corporate Finance and Investor Relations and
primary insider of the Company, has today transferred from his private VPS
account 22,256 shares to GolfNYC AS, a company wholly owned by Ingolf Gillesdal.
The transfer was completed at a price of NOK 8.16 of the Company’s shares on
Euronext Growth Oslo today. The total number of shares controlled by Ingolf
Gillesdal and GolfNYC AS, directly or indirectly, remain unchanged at 88,044
shares in Dolphin Drilling AS.

Furthermore, the following persons have on 28 December 2023 been granted the
following number of share options under the long-term incentive scheme for
executives and members of the management of the Company announced on 22 June
2023 (LTIP):

·
Jon Oliver Bryce, Chief Strategy Officer and primary insider of the Company, has
been granted 455,943 options

·
Michael Boyd, VP Marketing of the Company, has been granted 200,000 options

Please see the attached forms for further details of the transactions.

This information is subject to the disclosure requirements in articles 19 of the
Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the
Norwegian Securities Trading Act.

Kilde

TekBot · januar 9, 2024, 6:31am

Dolphin Drilling - part payments from GHL received

(Oslo, 9 January 2024) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
announces part payment received from General Hydrocarbons Limited (GHL) and
proposed payment plan related to remaining past due payments.
…

Vis børsmeldingen

Reference is made to the Dolphin Drilling Q3 financial report from November 28
2023, where we informed of GHL past due payments representing net USD 17.3
million. Dolphin Drilling received today USD 2 million that brings the total
collected since the date of Q3 2023 reporting to USD 2.5 million. GHL have sent
a payment plan proposal related to the remaining past due payments which the
company is considering.

ENDS

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920
45?320

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
s%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.dolphindrilling.com__%3B!!EMTXI9L
eJNZKruOW!XNog4Qkg-YgnJNs-Af_TxMUbgkxJcDH7uptRW88pD8n3UqhXT
-yacDMagkIMgjL6vFRi7YVhv4dp8ve
-GEWQ4ZS7xpRMsrbNuupU9HuIR_g%24&data=05%7C01%7Cingolf.gillesdal%40dolphindrilling
.com%7C4c4a1d097e9e44062a9c08dbf2637ea4%7C1f7c7463976d4ff090e7a96b887a736f%7C0%7C
0%7C638370281373981483%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMz
IiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=CQV1aCegfNYfGzT5zc2bQMKX%2
BNBZlNpDDmpinF440Dk%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

Kilde

Chrishn · januar 9, 2024, 9:44am

Det er hvertfall en positiv melding og penger i kassa. Blir spennende å se hva de gjør.

TekBot · januar 11, 2024, 12:43pm

Dolphin Drilling - Appeal Court Decision

(Oslo, 11 January 2024) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) today
announces judgement handed down by the Court of Appeal in the UK regarding
legacy tax case. The decision will be appealed.
…

Vis børsmeldingen

Reference is made to the Dolphin Drilling Q3 earnings release report from
November 28 2023, specifically the contingent liability noted in the ongoing
legal process vs HMRC in the UK. Following two successful appeals defending the
company’s position in the First-tier Tax Tribunal in November 2020, and against
HMRC’s appeal to the Upper Tribunal in August 2022, the judgement handed down
today by the Court of Appeal has found in favour of HMRC. The value of the tax
claim is £9.9M, together with interest and costs of £2.9M to date this would
total £12.8M.

Dolphin Drilling has taken steps to immediately appeal this decision, which
based on procedural outcomes at each stage of the appeal process could take a
number of months or potentially years until a final outcome is reached.

Stephen Cox, CFO, made the following statement:

“We are extremely disappointed to note the decision of the Court of Appeal today
which finds in favour of HMRC and which overturns the judgements in the First
-tier Tax Tribunal and Upper Tribunal, not only in the Court’s interpretation of
the case, but also in a fundamental shift in interpretation of the language in
the relevant legal test which has potentially significant ramifications for
assets within UK territorial waters. Our legal teams have advised the position
to be appealable and as such Dolphin Drilling has immediately taken steps to
seek permission from the Courts to appeal this decision. We will continue to
defend our position.”

Dolphin Drilling will provide further updates to the market as information
becomes available.

For further information, please contact:

Ingolf Gillesdal, email: ingolf.gillesdal@dolphindrilling.com, tel: +47 920
45 320

Stephen Cox, email: Stephen.cox@dolphindrilling.com, tel: +44 7800 612 130

Dolphin Drilling |
www.dolphindrilling.com (Error during processing.
s%3A%2F%2Furldefense.com%2Fv3%2F__http%3A%2Fwww.dolphindrilling.com__%3B!!EMTXI9L
eJNZKruOW!XNog4Qkg-YgnJNs-Af_TxMUbgkxJcDH7uptRW88pD8n3UqhXT
-yacDMagkIMgjL6vFRi7YVhv4dp8ve
-GEWQ4ZS7xpRMsrbNuupU9HuIR_g%24&data=05%7C02%7Cingolf.gillesdal%40dolphindrilling
.com%7C02fa89d90f4846fbf15108dc1299a035%7C1f7c7463976d4ff090e7a96b887a736f%7C0%7C
0%7C638405698224058007%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMz
IiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=uyquoih37AQCT7nw6X8uzITufS
LNnxB0FZmpOQYtbTg%3D&reserved=0)

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore offices and operations in Norway, Scotland, Brazil, and Nigeria.

Kilde

Hulkhaugen · januar 13, 2024, 6:21am

Blir det god gang her? Eier indirekte via sdsd.

TekBot · januar 22, 2024, 2:35pm

Financial calendar

TekBot · februar 2, 2024, 11:41am

Dolphin Drilling - further part payments from GHL received

Oslo, 2 February 2024

Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL) announces part payment
…

Vis børsmeldingen

received from General Hydrocarbons Limited (GHL) related to remaining past due
payments. Reference is made to the Dolphin Drilling Q3 financial report from
November 28 2023, where we informed of GHL past due payments representing net
USD 17.3 million. Dolphin Drilling received today USD 3 million that brings the
total collected since the date of Q3 2023 reporting to USD 5.5 million.

ENDS

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, tel: +47 920 45 320

Dolphin Drilling | www.dolphindrilling.com
Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of three high
-technical standard 4th and 5th generation enhanced Aker H3 units, Borgland
Dolphin, Blackford Dolphin, and Bideford Dolphin, operated by an experienced
team with a strong operational track record. The company has offshore and
onshore employees, and onshore locations in Norway, Scotland, Brazil, and
Nigeria.

Kilde

TekBot · februar 15, 2024, 12:17pm

Dolphin Drilling close transaction and commences operations for acquired Transocean rigs

(Oslo, 15 February 2024) Dolphin Drilling AS (Dolphin Drilling, OSE: DDRIL)
announces the commencement of operations and the final transfer of ownership for
the two acquired rigs from Transocean. The semi-submersible Paul B. Loyd, Jr.
…

Vis børsmeldingen

has a firm revenue backlog of USD 280 million, and the finalization of this
acquisition will position Dolphin Drilling as a leading offshore drilling
contractor in the UK sector.

“To commence operations is an important milestone for Dolphin Drilling as we
showcase our operational platform’s capacity to incorporate additional assets
and generate immediate, robust cash flows for our shareholders. We see strong
interest for our offshore floater rigs in the UK sector, providing safe and
efficient operations for our clients,” says Bjørnar Iversen, CEO of Dolphin
Drilling.

Reference is made to the announcement 22 June 2023 regarding the acquisition of
two semi-submersible rigs, the Paul B. Loyd, Jr. and the Transocean Leader. The
rigs were acquired for net USD 50 million, whereof USD 6.1 million was paid in
Q3 2023 (gross USD 64.5 million less net cash flow earned since June 2023). The
estimated EBITDA from the firm backlog cover for more than three times the net
acquisition price.

The Paul B. Loyd, Jr. has a firm revenue backlog of USD 280 million with Harbour
Energy Ltd. (Harbour Energy), the largest oil and gas producer in the UK.
Following the closing of the rig acquisition the Paul B. Loyd, Jr. will be under
contract with Harbour Energy in the UK with the firm period until February 2028,
with another 5 x 1 year option periods thereafter. In addition, the company has
entered into a 5+5 year master service agreement (MSA) with Harbour Energy.

“The MSA with Harbour Energy allows Dolphin Drilling to work in close strategic
cooperation with one of the largest North Sea E&P companies. The UK drilling
market is showing positive signs and the Dolphin Drilling fleet offers
flexibility to take on all floating rig requirements in the years to come
including exploration drilling, production drilling and plug and abandonment
work across the UK sector. We hold a rich history as a drilling pioneer with a
long track-record in the UK, where we now aim to build the position as the
leading drilling contractor,” Iversen concludes.

ENDS

For further information, please contact:

Ingolf Gillesdal, Corporate Finance and Investor Relations, Mobile: +47 920
45 320, Email: Ingolf.gillesdal@dolphindrilling.com

Dolphin Drilling | www.dolphindrilling.com

Dolphin Drilling is a leading harsh environment drilling contractor for the
offshore oil and gas industry. Dolphin Drilling owns a fleet of five high
technical standard 4th and 5th generation enhanced Aker H3 and H4 units,
Borgland Dolphin, Blackford Dolphin, Bideford Dolphin, Paul B. Loyd, Jr. and
Dolphin Leader operated by an experienced team with a strong operational track
record. The company has offshore and onshore offices and operations in Norway,
Scotland, Brazil, and Nigeria.

Kilde