Shelf Drilling, Ltd. (SHLLF) Q1 2025 Earnings Call Transcript

Shelf Drilling, Ltd. (OTCPK:SHLLF) Q1 2025 Earnings Conference Call May 12, 2025 9:00 AM ET

Company Participants

Greg O’Brien – CEO
Douglas Stewart – EVP and CFO

Conference Call Participants

Michael Boam – Sona Asset Management
Fredrik Stene – Clarksons Securities
Matthew Farwell – FA Advisors
Gregg Brody – Bank of America
Nikhil Bhat – JPMorgan

Operator

Good day and thank you for standing by. Welcome to the Shelf Drilling First Quarter 2025 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be the question-and-answer session. [Operator Instructions] Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Greg O’Brien, CEO. Please go ahead.

Greg O’Brien

Thank you, operator and welcome everyone to Shelf Drilling’s first quarter 2025 earnings call. Joining me on the call today is Douglas Stewart. This morning we published our Q1 financial results and our latest fleet status report.

In addition to our press release and the Q1 2025 financial statements, we published a presentation with highlights from the quarter. A recording of this call will be made available on our website within the next few days.

Before we begin, let me remind everyone that our call will contain forward-looking statements. Except for statements of historical facts, all statements that address our outlook for 2025 and beyond, activities, events or developments that we expect, estimate, project, believe, or anticipate may or will occur in the future, are forward-looking statements.

Forward-looking statements involve substantial risks and uncertainties that could significantly affect expected results. Actual future results could differ materially from those described in such statements. Also note that we may use non-GAAP financial measures in the call today. If we do, you will find supplemental disclosure for these measures

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