Dolphin Drilling AS — Earnings Release 2017

Feb 9, 2018

Report for the 4th quarter 2017 and preliminary results for 2017

Report for the 4th quarter 2017 and preliminary results for 2017

Figures in USD

FRED. OLSEN ENERGY ASA (FOE) REPORTS AN OPERATING PROFIT BEFORE DEPRECIATION

(EBITDA) OF 10 MILLION FOR THE 4TH QUARTER 2017 AND EBITDA OF 105 MILLION FOR

THE YEAR 2017

HIGHLIGHTS FOR THE QUARTER:

· Revenues were 50 million

· EBITDA were 10 million

· Operating profit (EBIT) was -45 million

· Profit before tax was -56 million

· Earnings per share were -0.94

Post quarter event

· New contract for Blackford Dolphin