Dolphin Group counting last hours on Oslo Børs

Dolphin Group ASA, a parent company of Dolphin Geophysical, a Norwegian provider of marine seismic services, is counting its last hours on Oslo Børs, the Norwegian stock exchange.

The exchange is delisting the shares of Dolphin Group ASA following the company’s filing for bankruptcy earlier this month.

In a statement last week, the Oslo Bors said: “The shares in Dolphin Group ASA will be delisted from Oslo Børs from 29 December 2015. The last day of listing will be on 28 December 2015. The bonds issued by Dolphin Group ASA will also be delisted with effect from 29 December 2015. The last day of listing for the bonds will be 28 December 2015.”

The bonds issued by Dolphin Group ASA with ISIN NO0010662901/ticker DOLP01 and ISIN NO0010697220/ticker DOLP02 will also be delisted from Oslo Børs.

Bankruptcy

To remind, Dolphin Group on December 14 filed for bankruptcy after an attempt to restructure the company failed. Simultaneously with the company filing for bankruptcy, its subsidiary Dolphin Geophysical AS filed a petition for bankruptcy with its relevant court.

At the time, Tim Wells, Dolphin Chairman and Atle Jacobsen, CEO, said that the company had to take the step due to the continued deterioration in the oil service market. More here: https://bit.ly/1IPivkl

Offshore Energy Today Staff