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Link to the complete 4th Quarter 2018 report: http://hugin.info/159489/R/2237201/881216.pdf Hamilton, Bermuda, March 4, 2018. Nordic American Offshore Ltd (NYSE: NAO) ("NAO" or the "Company") today reported its results for the three months and year ended December 31, 2018. Share a...
Hamilton, Bermuda-February 14, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced that it has reached an agreement with the lenders under the Company's $150,000,000 Revolving Credit Facility, dated March 16, 2015 (the "Credit Facility"), to extend the waiver of any financ...
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Back in December 2018, we discussed Scorpio Offshore Investments' decision to buy $5 million of Nordic American Offshore ( NAO ) shares at $0.42. At that time, I stated that I was very skeptical of the survival chances for the common equity as $135 million of short-term debt would soon have ...
Nordic American Offshore (NYSE: NAO ) announces a 1-for-10 reverse stock split of the common shares, par value $0.01 per share, effective January 28, 2019. More news on: Nordic American Offshore, Consumer stocks news, Read more ...
Hamilton, Bermuda-January 23, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that its board of directors (the "Board") has determined to effect a one-for-ten reverse stock split of the Company's common shares, par value $0.01 per share. The Company's bye-l...
Note: Hornbeck Offshore Services (NYSE: HOS ) has been covered by me previously, so investors should view this as an update to my earlier articles on the company. Recent oil price declines have taken their toll on oil services stocks, and debt-laden offshore services provider Hor...
Bermuda, December 21, 2018 Nordic American Offshore Ltd. (NYSE: NAO) (the "Company") announced today that its Board of Directors has unanimously adopted a shareholder rights agreement (the "Rights Agreement") and declared a dividend distribution of one preferred share purchase right on each...
Hamilton, Bermuda, December 13, 2018 Nordic American Offshore Ltd. (the "Company") (NYSE: NAO) has been awarded a two-year fixed contract for the Platform Supply Vessel (PSV) built in 2015, "NAO Viking". Commencement will be about mid-December 2018. The contract also grants the customer t...
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Hamilton, Bermuda, June 6, 2019. Nordic American Offshore Ltd., (the "Company") announces its financial results for the three months ended March 31, 2019, the change of the Company's name to Hermitage Offshore Services Ltd. and the appointment of a new Chief Financial Officer. Re...
MONACO, MAY 30, 2019 (GLOBE NEWSWIRE) – Nordic American Offshore Ltd. (NYSE: NAO ) ("NAO," or the "Company") announced today that the Company plans to issue its financial results for the first quarter 2019 before the open of trading in the U.S. on Thursday, June 6, 2019. A...
Hamilton, Bermuda-April 10, 2019-Nordic American Offshore Ltd. (the "Company" or "NAO") announced today that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc. for 8,126,219 common shares at $2.7774/ share. In a separate transaction...