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SDSD press release 13112017

S.D Standard Drillling Plc. (the "Company") takes delivery of the two (2) large Norwegian built Platform Supply Vessels ("PSV") through its wholly owned Norwegian subsidiary WANAX AS, increasing its fleet to 18 Vessels

Limassol 13 November 2017 

Reference is made to the stock exchange release as of 12 October 2017, where the

Company published the acquisition of two (2) large Norwegian built Platform

Supply Vessels ("Vessels") E.R Georgina and E.R. Athina for an en-bloc

consideration of USD 22.2 million.

On 13 November the transaction was completed and S.D Standard Drilling Plc.,

through subsidiaries, took delivery of the two Vessels which will now be named

Standard Supporter (ex-E.R. Athina) and Standard Provider (ex-E.R. Georgina). 

Following the completion of the acquisition of the Vessels, the Company owns

100% of five (5) large-size PSVs. In addition, the Company has invested in 13

mid-size PSVs, bringing the total fleet of partly and/or fully owned vessels up

to 18 PSVs.

For further information please contact:

General Manager, Evangelia Panagide at +357 99 77 11 16, 

or ; 

Chairman of the Board, Martin Nes at +47 92 01 48 14

Not Regulated
Filing Date: 13/11/2017 17:19

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