Dolphin Drilling (OTCPK:FOEAY), which was previously named Fred Olsen Energy, has just published an update on the restructuring process which contains interesting news both for shareholders and the industry in general. As I have previously written, Dolphin started preparations for restructuring back in 2018 but failure to sell drillship Bolette Dolphin jeopardized the plan and brought the company back to the initial position. Now the new plan has been crafted and made public. Here are the details:
- Drillship Bolette Dolphin will be sold. The proceeds from the sale will be used to repay