09:30:59 Europe / Stockholm

Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande


ListaOB Match
S.D. Standard Drilling är ett norskt investmentbolag inom olje- och gasindustrin. Bolagets strategi är att hitta investeringsmöjligheter på marknaden för flottor och oljeriggar genom att aktivt vara en långsiktig ägare och fokusera på investeringar som skapar värde åt bolagets aktieägare. Bolaget bildades 2010 och har sitt huvudkontor i Limassol, Cypern.


2021-11-11 Kvartalsrapport 2021-Q3
2021-08-26 Kvartalsrapport 2021-Q2
2021-05-20 Kvartalsrapport 2021-Q1
2021-05-03 Ordinarie utdelning SDSD 0.00 NOK
2021-02-18 Bokslutskommuniké 2020
2021-01-11 Extra Bolagsstämma 2021
2020-11-06 Kvartalsrapport 2020-Q3
2020-08-25 Kvartalsrapport 2020-Q2
2020-06-04 Ordinarie utdelning SDSD 0.00 NOK
2020-06-03 Årsstämma 2020
2020-05-14 Kvartalsrapport 2020-Q1
2020-02-13 Bokslutskommuniké 2019
2019-11-11 Kvartalsrapport 2019-Q3
2019-08-27 Kvartalsrapport 2019-Q2
2019-06-05 Årsstämma 2019
2019-05-15 Kvartalsrapport 2019-Q1
2019-05-10 Ordinarie utdelning SDSD 0.00 NOK
2019-02-14 Bokslutskommuniké 2018
2018-11-08 Kvartalsrapport 2018-Q3
2018-08-24 Kvartalsrapport 2018-Q2
2018-05-15 Ordinarie utdelning SDSD 0.00 NOK
2018-05-15 Kvartalsrapport 2018-Q1
2018-02-27 Bokslutskommuniké 2017
2017-11-24 Kvartalsrapport 2017-Q3
2017-08-25 Kvartalsrapport 2017-Q2
2017-05-26 Kvartalsrapport 2017-Q1
2017-05-05 Split SDSD 3:1
2017-05-04 Ordinarie utdelning SDSD 0.00 NOK
2017-05-03 Årsstämma 2017
2017-02-28 Bokslutskommuniké 2016
2016-11-28 Kvartalsrapport 2016-Q3
2016-08-29 Kvartalsrapport 2016-Q2
2016-05-26 Kvartalsrapport 2016-Q1
2016-05-11 Årsstämma 2016
2015-11-27 Kvartalsrapport 2015-Q3
2015-10-30 Kvartalsutdelning SDSD 1.0798
2015-09-17 Extra Bolagsstämma 2015
2015-08-28 Kvartalsutdelning SDSD 0.2916
2015-08-28 Kvartalsrapport 2015-Q2
2015-06-18 Årsstämma 2015
2015-05-15 Kvartalsrapport 2015-Q1
2015-02-27 Bokslutskommuniké 2014
2014-11-28 Kvartalsrapport 2014-Q3
2014-08-27 Kvartalsrapport 2014-Q2
2014-06-19 Årsstämma 2014
2014-05-16 Kvartalsrapport 2014-Q1
2014-02-28 Bokslutskommuniké 2013
2013-11-12 Kvartalsrapport 2013-Q3
2013-08-28 Kvartalsrapport 2013-Q2
2013-08-22 Extra Bolagsstämma 2013
2013-06-27 Årsstämma 2013
2013-05-24 Bonusutdelning
2013-05-21 Kvartalsrapport 2013-Q1
2013-05-02 Kvartalsutdelning
2013-03-05 Extra Bolagsstämma 2012
2013-02-28 Bokslutskommuniké 2012
2013-01-03 Kvartalsutdelning
2012-11-29 Kvartalsrapport 2012-Q3
2012-08-31 Kvartalsrapport 2012-Q2
2012-05-31 Kvartalsrapport 2012-Q1
2012-02-27 Bokslutskommuniké 2011
2011-11-17 Kvartalsrapport 2011-Q3
2011-08-30 Kvartalsrapport 2011-Q2
2011-05-31 Kvartalsrapport 2011-Q1
2020-11-06 07:15:00

(Limassol, 6 November 2020) S.D. Standard Drilling Plc (Standard Drilling, OSE:
SDSD) had a negative adjusted EBITDA of USD 0.9 million in the third quarter of
2020 from the underlying operations of Platform Supply Vessels (PSVs) (Q3 2019:
USD 3.3 million positive), with a utilization of 66 % on fully owned large-sized
PSVs (Q3 2019 95%). The reported equity per share is NOK 1.60.

Standard Drilling reported an operating loss of USD 6.1 million in the third
quarter 2020 (Q3 2019: Profit USD of 0.6 million), following unrealized loss on
revaluation of financial assets representing investments held in the PSV and
VLCC markets of USD 6.2 million. Standard Drilling is an investment entity and
shall not consolidate its subsidiaries. Therefore, the company measures its
investments in PSVs and VLCC based on fair value estimates from reputable
independent valuers. Revenues and EBITDA from chartering out the vessels are not
consolidated into, nor reflected in the financial statements.

From operation of the PSVs the group had an underlying negative adjusted EBITDA
in the third quarter 2020 of USD 0.9 million (Q3 2019 USD 3.3 million positive).
The utilization of the large-sized PSV's was 66% in the quarter (Q3 2019 95%).

"The operating result from the PSV fleet in the third quarter was disappointing
but better than the second quarter. The Covid 19 still has a material impact on
the level of activity. We believe the activity will pick up when the Covid 19
situation is more under control, travel restrictions will ease and the
maintenance programs in the North Sea will go back to normal. Until then, as
repeatedly stated, with our strong balance sheet with no debt and a good cash
position, we will continue to focus on cash preservation and shareholder value",
says Martin Nes, Chairman of the Board of Standard Drilling Plc.

The total cash balance was USD 38.6 million at the end of third quarter,
including pro-rata ownership of the subsidiaries and investments, up from USD
37.4 million at the end of second quarter 2020. The main reason for the cash
increase during the third quarter is related to the operation of the JV owning
the VLCC "Gustavia S".

The VLCC Gustavia S, of which SDSD owns 33,3%, completed its maiden voyage in
June, its second voyage was completed end of August and it will complete its
third voyage mid of November 2020.

In addition to the part-ownership of the VLCC vessel Gustavia S, Standard
Drilling currently owns 100% of four large-size modern PSVs. Further, the
company has invested in 8 mid-size PSVs through Northern Supply AS, bringing the
total fleet of partly and fully owned PSVs to 12. The company increased its
ownership in Northern Supply AS from 25.5% to 28.1% in the fourth quarter. The
company has zero debt, cost effective operations and low overhead cost.

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 was founded in 2010. In addition to a 33.3% ownership of
a VLCC, the company currently has 100% ownership interest in four large-size
Platform Supply Vessels ('PSVs') and an indirect ownership interest in eight
mid-size PSVs.

1) Excluding non-recurring cost and dry dock, special survey, maintenance and