S.D. Standard ETC Plc (OB:SDSD) acquired additional 25% stake in Dolphin Drilling ASA for $10 million on May 6, 2022. Cash consideration of $10 million with warrants to invest an additional $5 million, bringing the total ownership up to 32.5 %. Dolphin Drilling has no interest bearing debt. Øystein Stray Spetalen and Martin Nes will join the Board of Directors of Dolphin Drilling, with Nes proposed as Chairman.

S.D. Standard ETC Plc (OB:SDSD) completed the acquisition of additional 25% stake in Dolphin Drilling ASA on May 6, 2022.