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SDSD 02.09.2022 kl 11:08 34132

Hva bygger Spetalen og hans nye Team ?

Espen Western er fra fredriksens system . Mye kompetanse og en like god strateg som Spetalen

Dolphin drilling, rigger. Eier standar Etc.

Standar Supply - Eier Standar Etc

I et offshore boom sitter spetalen og bygger opp et sterkt eierskap som tjener gode penger i et gjeldsfritt selskap

Nå bør folk våkne opp, og lese seg opp i dette supersyklus caset som skapes. Sten for sten.

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September 1, 2022

NFH 220436 AS, to be renamed Dolphin Drilling AS ("Dolphin Drilling" or the
"Company"), currently a 100% owned subsidiary of Ferncliff TIH AS is
contemplating a private placement, and a subsequent listing of its shares on
Euronext Growth Oslo ("EGO") (the "Listing"). The net proceeds from the Private
Placement (as defined below) will primarily be used to finance the special
periodic survey ("SPS") and mobilization of Blackford and reactivation of
Borgland as well as general corporate purposes and working capital. Prior to
completion of the Private Placement, the Company will directly and indirectly
acquire, by way of a share-swap agreement, 100% of the shares in Dolphin
Drilling Holdings Limited, the current top company of the Dolphin Drilling group
against issuance of consideration shares in the Company to the existing
shareholders of Dolphin Drilling Holdings Limited (the "Share-Swap"). The
pre-money share ownership of Dolphin Drilling will mirror the existing
shareholding of Dolphin Drilling Holdings Limited, whereby S.D. Standard ETC
Plc. ("SDSD") will own approximately 38-39%, and Strategic Value Partners LLC
("SVP") and other shareholders will own the remaining 52% and 9-10% of the
Company, respectively.

The Dolphin Drilling group today owns three harsh environment moored
semisubmersibles which have been rebuilt with 5th/6th generation topsides and
has received a letter of award (LoA) for Blackford Dolphin in Nigeria at USD
232,500 per day plus a mobilization fee of USD 12 million commencing late 2022.
The Company is well-positioned to secure additional contracts at attractive
levels, benefitting from current market improvements and an attractive
positioning in the niche moored semisubmersible market. In addition, the
opportunity to acquire and/or manage two latest generation harsh environment
semisubmersibles as well as to manage and operate non-owned rigs provide
attractive additional growth opportunities. The Dolphin Drilling group has a
current net cash position of approximately USD 20 million as of 31 August 2022.

"Dolphin Drilling has attractive assets, a strong team and a solid platform to
leverage on the favorable market development with improved rates. The contract
for Blackford Dolphin underlines the potential of the company and its assets,
and we believe Dolphin Drilling will capitalize on the continued expected tight
rig market for the rest of the fleet," says Martin Nes, Chairman of SDSD and
Dolphin Drilling.

The Company has retained DNB Markets, a part of DNB Bank ASA, Arctic Securities
AS and Pareto Securities AS to act as Joint Bookrunners (the "Managers") and to
advise on and effect such Private Placement.
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