InvestorsHub Logo
Followers 8
Posts 1749
Boards Moderated 0
Alias Born 08/11/2006

Re: Milner post# 709

Sunday, 05/25/2008 1:02:04 PM

Sunday, May 25, 2008 1:02:04 PM

Post# of 1210
Milner. Here's some latest news about DESSC. Insiders are buying shares.

16/05-2008 14:54:00: (DESSC) Mandatory notification

Saa Capital AS, a company controlled by Svein
Aaser, Chairman of Deep Sea Supply Plc,
acquired today, 16 May 2008, 5,000 shares in
Deep Sea Supply Plc at price NOK 21,10 per share.
After this acquisition, Svein Aaser controls
65,000 shares in the Company.

16 May 2008
Deep Sea Supply Plc

- - -

5/05-2008 08:47:00: (DESSC) Distribution to shareholders for Q4 2007 and Q1 2008

Reference is made to the USD 0,40 per share distribution to
shareholders for 4th quarter 2007 with ex-date 26 March 2008.

As previously announced, the distribution will be made subject
to successful completion of the refinancing of the Company's
bank financing. The financing has taken somewhat longer than
first assumed. We are however in the process of finalizing all
necessary documentation and we aim to complete the documentation
required in order to draw down the loan before 29 May 2008.

Reference is also made to the USD 0,13 per share distribution to
shareholders for 1st quarter 2008 with ex-date 14 May 2007. The
distribution is expected to take place approximately 15 June 2008.

15 May 2008
Deep Sea Supply Plc

- - -

14/05-2008 16:46:00: (DESSC) Delivery of newbuilding

We are pleased to inform that Deep Sea Supply today
has taken delivery of "Sea Wolverine", a newbuilding AHTS
from ABG Shipyard, India.

Sea Wolverine" is the 2nd delivery in a series of 9 newbuilding
AHTS vessels delivered to Deep Sea Supply from ABG.

14 May 2008
Deep Sea Supply Plc

- - -

14/05-2008 16:43:00: (DESSC) Mandatory notification

Odd Brevik, CEO of Deep Sea Supply, acquired
today, 14 May 2008, 10,000 shares in Deep
Sea Supply Plc at price NOK 20,90 per share. Mr.
Brevik controls after this acquisition 320,918
shares in the Company.

14 May 2008
Deep Sea Supply Plc

- - -

07/05-2008 08:11:00: (DESSC) Contracts to Deep Sea Supply Plc

Deep Sea Supply has entered into two time charters with
Esso Exploration Inc. for the PSVs "Sea Pollock" and "Sea
Turbot". The contracts start in August 2008 and last for four
years. "Sea Turbot" will be delivered from Cochin Shipyard
in August 2008.

"Sea Trout", the newbuilding PSV to be delivered from
Karmsund verft end May 2008, is fixed to Petrofac from delivery
for the duration of drilling seven wells.

"Sea Lynx" has been fixed to Saipem for a minimum of 175 days.

Total value of the contracts is in excess of USD 90 mill.

7 May 2008
Deep Sea Supply Plc

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.