Dolphin in Potential Library Sale

Oslo-listed provider of marine geophysical services, Dolphin, is looking into a possible financing or sale of its multi-client library.

Namely, the company said today it has received a non-binding term sheet in regards to financing the multi-client library, and has also received interest for sale of part of or alternatively the entire multi client data library, at terms reflecting the current market.

Dolphin informed that it is currently evaluating these offers together with other strategic and financial alternatives to strengthen the its financial position. This includes among other restructuring of the company’s debt and obligations, and raising new capital.

Pareto Securities has been appointed as financial advisor in this process.

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