Golden Energy Offshore Services

Regulatory Filings • Apr 9, 2024

Golden Energy Offshore Services AS (GEOS) Secures Short Term Contract for Energy Pace

Golden Energy Offshore Services AS (GEOS) Secures Short Term Contract for Energy Pace

Ålesund 09.04.2024

Reference is made to the press release by Golden Energy Offshore Services AS (the “Company”) of 4 April 2024 where it was announced that the Company had secured short term contracts for the vessels Energy Partner and Energy Swan.

The Company is pleased to announce that it has successfully secured a short term contract for the vessel Energy Pace.

All three contracts are with first class international charterers and consolidated for a total of 380 firm vessel days. The average day rate for the contracts exceeds USD 28,000/day, resulting in a total firm value of approximately MUSD 10.8.

According to Per Ivar Fagervoll, CEO of Golden Energy Offshore Services AS: "We are delighted to secure these contracts for our vessels. This achievement reflects our team's dedication to providing top-tier services and underscores our commitment to operational excellence."

Additionally, the same charterers have options to utilize the vessels for up to 380 days at an average day rate exceeding USD 28,600/day. If these options are exercised, the total contract value would amount to MUSD 21,7.

These contracts underscore the Company's commitment to providing high-quality offshore services.

For more information;

Per Ivar Fagervoll

CEO

Phone +47 974 28 884

E-mail: pif@geoff.no