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Reach Subsea ASA (REACH.OL)

REACH.OL on Oslo Stock Exchange

2.16NOK
22 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Reach subsea 2Q total operating income down at NOK 79.1 mln
Tuesday, 29 Aug 2017 01:34am EDT 

Aug 29 (Reuters) - REACH SUBSEA ASA ::SAYS 2Q EBITDA BEFORE AMORTIZATION OF TERMINATION FEE WAS NOK 4.4 MILLION COMPARED WITH NOK 12.6 MILL IN 2Q 2016.Q2 TOTAL OPERATING INCOME NOK 79.1 MILLION VERSUS NOK 89.5 MILLION YEAR AGO.  Full Article

Reach Subsea says North Energy through Accello purchased 130,187 shares in Reach Subsea at price of NOK 1.887 per share
Tuesday, 13 Jun 2017 11:48am EDT 

June 13 (Reuters) - Reach Subsea Asa :Reach Subsea - North Energy has through its subsidiary Accello Partners purchased 130,187 shares in Reach Subsea ASA at price of NOK 1.887 per share.Reach Subsea - total number of shares owned by Accello after transaction is 40.2 million, which equals 28.09% ownership in Reach Subsea ASA.  Full Article

Reach Subsea awarded a LOI from a European contractor
Monday, 12 Jun 2017 02:10am EDT 

June 12 (Reuters) - REACH SUBSEA ASA :LETTER OF INTENT.REACH SUBSEA ASA HAS BEEN AWARDED A LETTER OF INTENT FROM A FIRST CLASS EUROPEAN CONTRACTOR FOR A PROJECT WITH ESTIMATED DURATION OF FOUR MONTHS.COMMENCEMENT WILL BE IN Q2 2017..  Full Article

Reach subsea Q1 total operating income at NOK 38.3 million
Tuesday, 30 May 2017 01:30am EDT 

May 30 (Reuters) - REACH SUBSEA ASA ::Q1 EBITDA EX-ITEMS NOK ‍2.5​ MILLION VERSUS LOSS NOK 6.0 MILLION YEAR AGO.Q1 TOTAL OPERATING INCOME NOK 38.3 MILLION VERSUS NOK 86.0 MILLION YEAR AGO.SAYS EXPECTS HIGH UTILISATION IN 2017‍​‍​.  Full Article

Reach Subsea enters into a contract for vessel Havila Subsea
Friday, 21 Apr 2017 06:10am EDT 

April 21 (Reuters) - REACH SUBSEA ASA :ENTERED INTO A CONTRACT FOR VESSEL HAVILA SUBSEA FOR Q3 COVERING 60 DAYS.REACH SUBSEA AND EIDESVIK OFFSHORE HAVE AGREED TO EXTEND COOPERATION FOR TWO WROV SPREADS MOBILISED ON BOARD VIKING NEPTUN TO INCLUDE 2018.NORMAND REACH EXPECTED TO START OPERATIONS IN AUSTRALIA IN LATE Q2.  Full Article

Reach Subsea: Gets subscriptions for 3.4 mln shares in subsequent offering
Tuesday, 14 Mar 2017 05:49am EDT 

Reach Subsea ASA : Says has received subscriptions for total of 3.4 million new shares which were covered by subscription rights . Subsequent offering consisted of up to 6,399,070 new shares . Total of 3,388,560 new shares in Reach to be issued at price of 1.75 Norwegian crowns per share .Share capital will as a consequence increase by 3.4 million Norwegian crowns ($395,924) to 143.2 million crowns.  Full Article

Reach Subsea Q4 EBIT swings to loss of NOK 3.0 million
Thursday, 16 Feb 2017 01:25am EST 

Reach Subsea ASA : Q4 total operating income 66.1 million Norwegian crowns ($7.93 million) versus 135.6 million crowns year ago . Q4 EBITDA ex. items 10.5 million crowns versus 10.8 million crowns year ago .Q4 EBIT loss 3.0 million crowns versus profit 4.5 million crowns year ago.  Full Article

Reach Subsea: allocation of shares in Reach private placement
Tuesday, 7 Feb 2017 07:47am EST 

Reach Subsea ASA : Accello has been allocated 12,465,457 shares in reach in private placement approved by EGM in Reach . Accello will own 40,109,711 shares in reach after transaction, representing 28.7 pct of outstanding shares in Reach. . North Energy Capital has been allocated 1,820,243 shares in same private placement in Reach .North Energy Capital will own a total of 10,765,562 shares in Reach.  Full Article

Reach Subsea: MMT signs a project in spain within a JV with Reach Subsea
Friday, 3 Feb 2017 07:03am EST 

Reach Subsea ASA : MMT has entered into a contract with Medgaz in Spain for inspection of offshore pipeline between Algerie and Spain . Project will be performed within Joint Venture agreement between MMT and Reach Subsea utilizing vessel Edda Fonn .Pipeline transports gas from Algerie to Spain and crosses the Mediterranean at a maximum depth of 2.155 metres of water.  Full Article

Reach Subsea: contract for Edda Fonn
Wednesday, 1 Feb 2017 05:46am EST 

Reach Subsea ASA : Contract for Edda Fonn . Has entered into ROV/survey contract covering next 40 days for Edda Fonn .Says details in contract are confidential.  Full Article

BRIEF-Silkeborg IF Invest buys Hotel Papirfabrikken

* PURCHASE PRICE AT DKK 1.25 MILLION Source text for Eikon: Further company coverage: (Gdynia Newsroom)