Standard Drilling (SDSD)

[TMV]

Tok en post her i dag. Dem solgte Noble aksjene også. Så kommer kanskje litt mer tonnasje inn i selskapet framover?

[Metallian]

Evt andre investeringer? Ser ut sim de leter bredt mtp nyansettelsene🤔

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SDSD: Mandatory notification of trade

Tycoon Industrier AS has today 27 August 2021 purchased 687,392 shares in S.D Standard Drilling Plc at NOK 1.23 per share.

Total holding is 139,720,263 shares after the transaction. Tycoon Industrier AS is closely associated with board member Martin Nes.
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Attached is details for the transaction.

Kilde

[Andyboi]

Spetalens nye aksjeduo: – Null problem med å investere i fossil energi

[Juras]

Snart…

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SDSD- Disclosure of large shareholding and mandatory notification of trade

Tycoon Industrier AS has on 13 September 2021 sold 139,720,263 shares in S.D Standard Drilling Plc, corresponding to 26.6% % of the currently outstanding shares and votes, at NOK 1.30 per share.

Ferncliff TIH AS has on 13 September 2021 sold 6,302,846 shares in S.D Standard Drilling Plc, corresponding to 1.2% of the currently outstanding shares and votes, at NOK 1.30 per share.
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Ferncliff Listed DAI AS has on 13 September 2021 purchased 146,023,109 shares in S.D Standard Drilling Plc, corresponding to 27.8% of the currently outstanding shares and votes, at NOK 1.30 per share.

The total number of shares owned by the Ferncliff group (controlled by Øystein Stray Spetalen) is unchanged after the transactions.

Tycoon Industrier AS, Ferncliff TIH AS and Ferncliff Listed DAI AS are closely associated with board member Martin Nes.

Attached is details for the transaction.

Kilde

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SDSD - Presenting at the Pareto Securities Energy Conference

Limassol, Cyprus (15 September 2021), S.D. Standard Drilling Plc (Standard Drilling, OSE:SDSD) - Head of Investments, Espen Landmark Fjermestad will present at Pareto Securities Energy Conference in Oslo today. Please find the presentation
attached.

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Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling was founded in 2010. In addition to an investment portfolio within shipping, offshore and renewables, the company holds a 33.3% ownership of a VLCC, 100% ownership interest in three large-size Platform Supply Vessels ('PSVs) and an indirect ownership interest in six mid-size PSVs.

Kilde

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SDSD: SALE OF VLCC AND PORTFOLIO UPDATE

(Limassol, 2 November 2021) S.D. Standard Drilling Plc (Standard Drilling, OSE: SDSD NO) today announces the sale of its 33.3% ownership in the VLCC Gustavia S, following the updated company strategy. The proceeds from the VLCC and any future divestments of the offshore fleet will be directed towards more liquid investments within Standard Drilling’s core sectors.

“The transaction follows Standard Drilling’s renewed focus on more diversified and liquid investments within the shipping and energy segments. We are gradually building up our investment portfolio, expanding the team of investment professionals and implementing the strategy with controlled risk. The sale of our VLCC holdings is an important part of this transition, “ says Martin Nes, Chairman of the Board of Standard Drilling.
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Standard Drilling has entered into an agreement to sell its 33.3% ownership in the 2020 built VLCC Gustavia S. The transaction values the vessel at USD 93 million, where Standard Drilling will receive net proceeds of USD 14.1 million for the company’s equity stake in the vessel and book a loss of USD 0.8 million in the third quarter of 2021.

“Over the last few years, the combination of low commodity prices, ESG concerns and uncertainty around long-term demand has triggered an abrupt stop to investments in the fossil sector. In fact, today many of these companies have an implied cost of equity in excess of 25%, making any new investments prohibited by the capital markets. These dynamics, coupled with the long decarbonization path we now embark on, sets the stage for a commodity super-cycle that could last 3-5 years in our view. It is these opportunities with outsized return potentials that Standard Drilling seeks to take part in, “ Nes concludes.

The investment portfolio has increased to USD 46 million per end of October 2021, including investment gains year to date of USD 14 million. The largest holding is Weatherford International, but the portfolio also includes investments within E&P, drilling and shipping sectors.

ENDS

For additional information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and has a fleet of Platform Supply Vessels (PSVs). S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

Kilde

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SDSD: UPDATE ON WEATHERFORD INVESTMENT

(Limassol, 4 November 2021) S.D. Standard Drilling Plc (Standard Drilling, OSE:SDSD) today announces an updated presentation on Weatherford International plc (Weatherford) following the Weatherford third quarter 2021 financial results.

Reference is made to the press release 27 June 2021 regarding SDSD’s acquisition of 750,000 shares in Weatherford, and the portfolio update 2 November 2021 confirming the Weatherford holding. Following the announcement of the third quarter 2021 financial results by Weatherford, the Standard Drilling investment team has updated the initial company presentation.
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“Weatherford has made progress on many fronts since our initial company presentation in June. Operationally, the EBITDA margins are set to improve with nearly 300 basis point in the second half or 2021 vs. the first half of the year to 16%. We expect the topline growth in 2022 to mirror the increases in E&P budgets of approximately 20%. As pricing- and utilization improves, this will result in margin incremental’s of around 30%, leaving in our view an EBITDA potential of USD 750 million in 2022 and USD 950 million in 2023. Financially, Weatherford’s bond refinancing has reduced interest cost with USD 70 million. Current NIBD/ EBITDA now resembles that of the larger peers, creating room for another USD 30 million in interest savings over the coming quarters”, says Espen Landmark Fjermestad, Head of Investments in Standard Drilling.

The full Standard Drilling Weatherford presentation is enclosed.

“Weatherford’s balance sheet and leverage optics has severely impeded the perceived equity upside post chapter 11. A strong free cash flow generation over the coming quarters will allow the company to achieve a leverage ratio of 1x by 2023 that could trigger a higher valuation multiple. On our estimates Weatherford trades at 5x and 4x 2022 and 2023 EBITDA with FCF yields of 15% and 21% respectively. By most metrics this represents a 50% discount to the larger peers. As a result, we continue to see 3-4x equity potential in Weatherford as the transformational shift in the company after the Chapter 11 continues“, Landmark Fjermestad concludes.

ENDS

For additional information, please contact:

Head of Investments, Espen Landmark Fjermestad at +47 95 20 44 93
or
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

Kilde

[TekBot]

SDSD: LETTER TO THE BOARD OF NOBLE CORPORATION REGARDING MAERSK DRILLING MERGER PROPOSAL

(Limassol, 10 November 2021) S.D. Standard Drilling Plc (Standard Drilling, OSE: SDSD NO) today publishes a letter to the Chairman of the Board of Directors of Noble Corporation (Noble, NYSE:NO) regarding the proposed merger with The Drilling Company of 1972 A/S (Maersk Drilling, CSE: DRLCO).

Noble today announced a proposed merger with Maersk Drilling. Standard Drilling, as a large shareholder in the company, has today sent a letter to the Chairman of the Board of Directors of Noble.
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“Standard Drilling fully supports industry consolidation in the offshore drilling market. However, we, and other shareholders that have contacted us, are concerned about the proposed exchange ratio and will consider to vote against the transaction“ says Martin Nes, Chairman of the Board of Directors of Standard Drilling.

The letter to Chairman of the Board of Directors of Noble Corporation is enclosed.

ENDS

For additional information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

Kilde

[TekBot]

SDSD: Sale of Standard Princess

(Limassol, 23 November 2021) S.D. Standard Drilling Plc. (Standard Drilling, OSE: SDSD) has entered into a Memorandum of Agreement to sell the vessel Standard Princess for USD 10.3 million. The proceeds from the vessel and any future divestments of the offshore fleet will be directed towards more liquid investments within Standard Drilling’s core sectors.

“As previously announced, Standard Drilling’s has transitioned its focus to more diversified investments within the energy, transportation and commodities. The sale of Standard Princess is in line with the new strategy and gives Standard Drilling increased flexibility to pursue other investment opportunities,” says Martin Nes, Chairman of Standard Drilling.
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Through a wholly owned subsidiary, Standard Drilling has agreed to sell the vessel Standard Princess for USD 10.3 million. The sale of Standard Princess will result in a gain for Standard Drilling of gross USD 2.3 million, compared to the book value end of the third quarter 2021. The vessel is a large Platform Supply Vessel (PSV), built at Aker Brattvaag, Norway, in 2008, with 1,060 m2 deck space.

Following the sale, Standard Drilling will control, directly and indirectly, a fleet of 7 PSVs; two large 1,000 m2 PSVs 100% owned and five medium-sized PSVs with approximately 28% ownership interest.

The sale will further strengthen the company’s cash balance and investment capacity. Standard Drilling has received 10% deposit of the purchase price and the transaction is expected to be completed within January 2022.

For further information please contact:

General Manager, Evangelia Panagide at +357 99 77 11 16 or;

Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com

S.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas on 23 November 2021 at 08:15 CET

Kilde

[TekBot]

SDSD: Mandatory notification of trade

Ferncliff Listed DAI AS has on 25 November 2021 purchased 1,225,000 shares in S.D Standard Drilling Plc at NOK 1.36 per share.

After the transaction, Ferncliff Listed DAI AS has a total holding of 147,248,109 shares. Ferncliff Listed DAI AS is closely associated with board member Martin Nes.
…

Vis børsmeldingen

Attached is details for the transaction.

Kilde

[TekBot]

SDSD: Mandatory notification of trade

Ferncliff Listed DAI AS has on 6 December 2021 purchased 670,000 shares in S.D Standard Drilling Plc at NOK 1.25 per share.

After the transaction, Ferncliff Listed DAI AS has a total holding of 147,918,109 shares. Ferncliff Listed DAI AS is closely associated with board member Martin Nes.
…

Vis børsmeldingen

Attached is details for the transaction.

Kilde

[TekBot]

SDSD: Extraordinary General Meeting- Proposes to change name to Standard ETC

(Limassol, 21 December 2021) S.D. Standard Drilling Plc. (Standard Drilling, OSE: SDSD) today announces the proposal to change name to Standard ETC to reflect the new investment strategy within energy, transportation and commodities (“ETC”).

”We continue to implement our new investment strategy within energy, transportation and commodities (“ETC”) and propose to change name to Standard ETC to reflect this strategy,” says Martin Nes, Chairman of Standard Drilling.
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The Extraordinary General Meeting (“EGM”) of S.D. STANDARD DRILLING PLC will be held at 276 Arch. Makariou III Ave., Lara Court, 3105, Limassol, Cyprus on 14 January 2022 at 11:30 a.m. (EET)

The Notice, Proxy Statement and relevant information for the EGM are enclosed to this release and will also be available at the Company’s website.

For further information please contact:

General Manager, Evangelia Panagide at +357 99 77 11 16 or;

Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas on 21 December 2021 at 08:30 CET

Kilde

[TekBot]

S.D Standard Drilling Plc. (the “Company”) has today completed the sale of Standard Princess

Limassol, 29 December 2021

Reference is made to the stock exchange release as of 23 November 2021, where the Company published that it had entered into a Memorandum of Agreement to sell one (1) large Norwegian built Platform Supply Vessel, Standard Princess for USD 10.3 million.
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The transaction was completed today on 29 December 2021. S.D Standard Drilling Plc. has, through its subsidiary, Standard Princess AS, received the transaction amount in full.

Following the sale, the Company will control, in addition to the investment portfolio, directly and indirectly, a fleet of 7 PSVs; two (2) large PSVs 100% owned and five (5) medium-sized PSVs with approximately 28% ownership interest.

For further information please contact:

General Manager, Evangelia Panagide at +357 99 77 11 16,
or;
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard Drilling|www.standard-drilling.com
S.D. Standard Drilling is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard Drilling is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas on 29 December 2021 at 16:30 CET

Kilde

[TekBot]

SDSD- Minutes from Extraordinary General Meeting

Cyprus, 14 January 2022 - EXTRAORDINARY GENERAL MEETING S.D.
STANDARD DRILLING PLC.

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Enclosed are the signed minutes from the
Extraordinary General Meeting held on January 14, 2022.

All items on the agenda were approved.

The minutes will also be available on the company web
site.

For further information please contact:

General Manager Evangelia Panagide at +357 99 77 11 16

Kilde

[TekBot]

SDSD- Name change registered

Reference is made to the stock exchange releases as of 21 December 2021 and 14 January 2022 where the Company proposed to change the name to S.D. Standard ETC Plc and the approval of the change of name by the shareholders of the Company.

The company has now received the new certificate of the change of the name by the Cyprus Registrar of Companies.
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The ticker of the Company will remain the same.

The Company’s new website www.standard-etc.com will be publicly available within today.

For further information please contact:

General Manager, Evangelia Panagide at +357 99 77 11 16,
or;
Chairman of the Board, Martin Nes at +47 92 01 48 14

Standard ETC |www.standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard ETC is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Espen Lundaas on 4 February 2022 at 08:45 CET

Kilde

[TekBot]

SDSD: FOURTH QUARTER 2021 FINANCIAL RESULTS

NOTE: THE COMPANY IS AN INVESTMENT ENTITY AND SHALL NOT CONSOLIDATE ITS SUBSIDIARIES.

(Limassol, 17 February 2022) S.D. Standard ETC Plc (Standard ETC, OSE:SDSD) reported a net profit after tax of USD 10.2 million in the fourth quarter of 2021, up from negative USD 6.6 million in the same quarter last year, of which USD 4.3 million are related to the investment portfolio and USD 6.5 million are related to the PSV fleet. For the full year, 2021 Standard ETC had a net profit after tax of USD 13.7 million(2020 (26.9) million). Capital allocation to the investment portfolio has further increased after year end.
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“Standard ETC continues to deploy capital to the investment portfolio, which has increased even further during the first quarter of 2022. During the fourth quarter, Standard ETC sold the VLCC investment and the PSV vessel Standard Princess. The divestments have strengthened our cash holding substantially and flexibility to pursue other investments opportunities. We have had a strong value development in the portfolio in the fourth quarter and look forward to continuously evaluate business opportunities, “ says Martin Nes, Chairman of the Board of S.D. Standard ETC Plc.

Standard ETC reported an operating profit of USD 10.2 million in the fourth quarter of 2021 (Q4 20: USD (6.6) million), of which USD 4.3 million are related to the investment portfolio. In addition, USD 6.5 million is the net gain from dividend from the subsidiary and changes in fair value of the PSV fleet. For the full year 2021, Standard ETC had an operating profit of USD 13.7 million(2020 (26.9) million).

Standard ETC is an investment entity and shall not consolidate its subsidiaries. Consequently, the company measures its investments in PSVs based on fair value estimates from reputable independent valuers. For the fourth quarter the two remaining large size PSV’s have been revalued from USD 8 million in the third quarter to USD 10.3 million due to the sale of the comparable vessel Standard Princess for USD 10.3 million. Revenues and EBITDA from chartering out the vessels are not consolidated into, nor reflected in the financial statements. The investment portfolio are valued at market value.

From operating the PSVs the group had an underlying positive adjusted EBITDA in the fourth quarter 2021 of USD 1.8 million (Q4 20 USD (1) million). For the full year 2021, Standard ETC had a EBITDA of USD 2.8 million compared to negative EBITDA 4 million in 2020. The utilization of the large-sized PSV’s was 92 % in the quarter (Q4 20: 73%).

During the quarter, Standard ETC announced the sale of ownership in the VLCC Gustavia S and the sale the large size PSV Standard Princess.

At the end of the fourth quarter, Standard ETC held shares in Weatherford International Plc and other investments for USD 24.8 million, classified as financial assets held for trading.

ENDS
For additional information, please contact:
General Manager, Evangelia Panagide at +357 99 77 11 16
Chairman of the Board, Martin Nes at +47 92 01 48 14

*Excluding non-recurring cost and dry dock, special survey, maintenance and repair

Standard ETC|www.standard-etc.com
S.D. Standard ETC is an investment company founded in 2010. The company holds a focused investment portfolio and a fleet of Platform Supply Vessels (PSVs). S.D. Standard ETC is headquartered in Cyprus and is listed on Oslo Stock Exchange with the ticker code SDSD.

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This stock exchange announcement was published by Espen Lundaas, on 17 February 2022 at 07:00 CET.

Kilde

[TekBot]

SDSD: Mandatory notification of trade

Ferncliff Listed DAI AS has on 17 February 2022 purchased 8 million shares in S.D Standard ETC Plc at NOK 1.49 per share.

After the transaction, Ferncliff Listed DAI AS has a total holding of 155,918,109 shares. Ferncliff Listed DAI AS is closely associated with board member Martin Nes.
…

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Attached is details for the transaction.

This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 article 19, no. 3, and section 5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

MANDATORY NOTIFICATION OF TRADE

Landinvest AS, a company controlled by Head of Investments, Espen Landmark Fjermestad, has on 17 February 2022 purchased 1.5 million shares in S.D Standard ETC Plc at NOK 1.49 per share.

After the transaction, Landinvest AS has a holding of 2 million shares in S.D Standard ETC Plc.
…

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Attached is details for the transaction.

This information is subject to the disclosure requirements pursuant to Regulation EU 596/2014 article 19, no. 3, and section 5-12 of the Norwegian Securities Trading Act.

Kilde