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Thank you for the precious info. 2 questions please. Does DVD has any warrants left? 2. For NOL, the 500000 to 550000 daily rates, is it after or before Odjfell Drilling's operation fees? In other words, is it net to NOL? Thx

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Oct 31, 2023·edited Oct 31, 2023Author

My understanding is that there are a few million unexercised warrants that can be exercised until 2025 or 2026, but I don't remember the specific terms and amounts.

NOL does not receive the whole amount. It is the same case than DVD, they receive the majority but not all of it. Odjfell's contract included the marketing of the drillers, so I understand Shell and Total signed directly with ODL.

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