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SD Standard Drilling PLC (SDSD.OL)

SDSD.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

SD Standard Drilling to acquire 2.5 mln shares in New World Supply Ltd.
Wednesday, 22 Mar 2017 02:53am EDT 

SD Standard Drilling PLC : S.D. Standard Drilling Plc (SDSD) entered into an agreement with Royal London Asset Management (RLAM) to acquire 2,500,000 shares in New World Supply Ltd. (NWS) . As a consideration for 2,500,000 shares in NSW, SDSD will issue 35,000,000 new shares in SDSD to RLAM, each to a subscription price of 0.75 crown per new share, corresponding to 26,250,000 Norwegian crowns ($3.10 million) .Company will hold about 23.3% of total outstanding shares in NWS subsequent transaction.  Full Article

SD Standard Drilling Q4 operating profit up at $38,000
Tuesday, 28 Feb 2017 02:16am EST 

SD Standard Drilling Plc :Q4 operating profit $38,000 versus $16,000 year ago.  Full Article

SD Standard Drilling cancels revolving credit facility
Friday, 17 Feb 2017 01:08am EST 

SD Standard Drilling Plc : Says has due to successful private placement of about 198 million Norwegian crowns ($24 million) sufficient funds for operations going forward [nObiJTc7ra] . Says has together with Saga Tankers ASA agreed to cancel revolving credit facility of $10 million .Says has had no cost or expenses related to revolving credit facility.  Full Article

SD Standard Drilling announces final results of subsequent offering
Monday, 23 Jan 2017 01:51am EST 

SD Standard Drilling PLC : Final result of the subsequent offering .Subsequent offering raised gross proceeds of about 3.5 million Norwegian crowns ($417,731).  Full Article

OFFICIAL-BRIEF-SD Standard Drilling announces final results of subsequent offering
Monday, 23 Jan 2017 01:42am EST 

Corrects value of gross proceeds raised in subsequent offering in second bullet point. Company corrected its own statement..SD Standard Drilling PLC : Final result of the subsequent offering .Subsequent offering raised gross proceeds of about 3.58 million Norwegian crowns ($427,422).  Full Article

SD Standard Drilling to acquire three large Norwegian built PSVs
Thursday, 19 Jan 2017 09:02am EST 

SD Standard Drilling PLC : To acquire three large Norwegian built Platform Supply Vessels (PSV) on wholly owned basis . Vessels are to be acquired for total en-bloc consideration of $40 million . Following acquisition, company will control fleet of 10 norwegian built PSVs . Acquisition of vessels is expected to be completed, subject to inspection, in February 2017 .Acquisition will be financed through its cash holding, share contributions from subsequent offers and (to extent necessary) credit facility.  Full Article

SD Standard Drilling's unit to invest $5.215 mln into PSV market
Monday, 2 Jan 2017 06:23am EST 

SD Standard Drilling PLC : Says continues its investment into PSV market . Its wholly owned unit, Wanax AS, will invest $5.215 million, in PSV Opportunity III DIS .Investment will be done through subscription of ownership interests in PSV Opportunity III and gives Wanax 35 percent ownership stake in PSV Opportunity III.  Full Article

SD Standard Drilling private placement oversubscribed
Friday, 9 Dec 2016 02:04am EST 

SD Standard Drilling PLC : Has received binding orders for subscription of 423,076,924 shares at price of 0.65 Norwegian crown ($0.077) per share, corresponding to gross proceeds of 275 million crowns . Private placement was significantly oversubscribed . Will, subject to completion of private placement, launch subsequent offering of up to 9.5 million ordinary shares at 0.65 crown per share directed towards shareholders as of Dec. 8 .Clarksons Platou Securities AS has acted as sole manager and bookrunner in private placement.  Full Article

S.D. Standard Drilling: Contemplated private placement
Thursday, 8 Dec 2016 10:31am EST 

SD Standard Drilling Plc : Contemplated private placement for issue of up to 423,076,924 new shares for gross proceeds of about up to 275 million Norwegian crowns ($32.56 million) . Offer price has been set to 0.65 crown .Net proceeds from private placement will be used for oil service investment opportunities, directly into companies, securities and/or independent assets, with the aim to control a larger fleet of assets - all purchased at distressed values.  Full Article

S.D Standard Drilling invests $2.7 million in PSV market
Wednesday, 26 Oct 2016 08:05am EDT 

S.D Standard Drilling Plc : Increases its investment in PSV market . Has invested $2.7 million, corresponding to 20 pct ownership, in PSV Opportunity II DIS (PSV) . PSV owns two mid-size PSV vessels . Aggregated purchase price for two vessels is $10.8 million .PSV will be financed by equity only.  Full Article

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