Dolphin Drilling has announced its unaudited results for the three months ended 31 March 2024. The highlights and subsequent events include:
- Operating revenues of USD 10.1 million, EBITDA of USD (17.0) million, and earnings per share of USD (0.08)
- Seamless integration of Paul B Loyd, Jr., on contract for Harbour Energy Ltd in the UK
- New contract with Oil India for Blackford Dolphin
- Reactivation and scheduled yard-stay underway for Borgland Dolphin. The rig’s next contract is with EnQuest Ltd in the UK
- Sale of Bideford Dolphin with proceeds of USD 4.1 million
- Granted permission to appeal the legacy UK tax case
- Dolphin continues to contest its position in Nigeria with outcomes still pending as of reporting day. The company will continue to update the market on any material developments in the arbitration and court processes as they occur
Click here for Q1 2024 presentation
Source: Dolphin Drilling
