- Operating revenue of USD 175 million
- EBITDA of USD 56 million
- EBIT of USD 16 million
- Net loss of USD 7 million
Odfjell Drilling reports the following highlights in/after Q1 2018:
- USD 175 million Private Placement successfully completed
- Purchase of Deepsea Nordkapp and award of drilling contract by Aker BP
- Equinor awarded contract for Platform Drilling services
- Equinor awarded letter of intent to Deepsea Atlantic
Please see the attached report for the first quarter of 2018.
For further queries, please contact:
Eirik Knudsen, Vice President Corporate Finance & Investor Relations
+47 934 59 173 / email@example.com
25 May 2018
Odfjell Drilling Ltd.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
ODL – Odfjell Drilling signs drilling contract for Deepsea Atlantic and the Master Frame Agreement with Equinor
Please find attached the Q1 2018 Presentation which will be used as a basis for today’s investor conference call at 15.00hrs CET.
Odfjell Drilling Ltd. reports for the first quarter of 2018
Reference is made to the stock exchange notice of 19 April 2018 whereby Odfjell Drilling Ltd ("Odfjell Drilling " or the "Company") announced the successful completion of the private placement raising gross proceeds of approximately USD 175 million (the “Private Placement”) with the purpose of financing growth within its mobile offshore drilling fleet and general corporate purposes.
Reference is made to the stock exchange release by Odfjell Drilling Ltd ("Odfjell Drilling" or the "Company") on 19 April 2018 regarding a contemplated private placement to raise up to USD 200 million (the "Private Placement") by issuing new common shares (the "Offer Shares"). The Company is pleased to announce that the Private Placement has been successfully subscribed, raising gross proceeds of NOK 1.368 billion, equivalent to approximately USD 175 million through issuance of 38 000 000 new common shares at a subscription price of NOK 36.00 per Offer Share.