We are pleased to have secured further investment into Dolphin Drilling from an oil and gas industry specialist, S.D. Standard ETC Plc.
This investment represents a significant show of support and belief in the operating capabilities of Dolphin Drilling and the opportunity that the company represents.
SVP Global remains the majority shareholder in the company, which now has a debt free balance sheet following a complete recapitalization.
This would not have been possible without the continuing commitment and hard work of the people in the company and the support of our stakeholders. We believe we are at the beginning of an extremely active period in the industry and look forward to the role that Dolphin Drilling will play in the future.