Ventura Offshore Midco Ltd.: Fourth Quarter 2024 Results

28 Feb 2025 07:00 CET

February 28, 2025 – Ventura Offshore Midco Ltd. (the “Company”) announces
results for the fourth quarter of 2024.

The results highlights will be discussed in a joint audio conference call with
the Company’s parent company, Ventura Offshore Holding Ltd., on February 28,
2025 at 14:00 CET. Dial-in details for the conference call can be found below.

Link to conference call:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZTgzYTVmMzUtZGQ0MC00MGEwL
WIyNWMtZDM1MTkxN2VhY2E1%40thread.v2/0?context=%7B%22Tid%22%3A%224cbfea0a-b872-47
f0-b51c-1c64953c3f0b%22%2C%22Oid%22%3A%229dd306f2-be12-4fa5-b89a-0e445936890c%22
%2C%22IsBroadcastMeeting%22%3Atrue%2C%22role%22%3A%22a%22%7D&btype=a&role=a

For further queries, please contact:

Guilherme Coelho
Chief Executive Officer
+55 21 99311 1167
guilherme.coelho@ventura-offshore.com


About Ventura Offshore Midco Ltd.
Ventura Offshore Midco Ltd. is a subsidiary of Ventura Offshore Holding Ltd., a
deep water drilling contractor providing deep water offshore drilling services
to the oil and gas industry. Ventura Offshore Holding Ltd. and its subsidiaries’
core activities are focused in the Brazilian offshore oil and gas market.
Ventura Offshore Holding Ltd. and its subsidiaries owns and operates one
drillship, DS Carolina, and two semisubmersible drilling rigs, SSV Victoria and
SSV Catarina, and manages one drillship, Zonda. Ventura Offshore Midco Ltd., and
Ventura Offshore Holding Ltd. are incorporated under the laws of Bermuda.

This press release and the attached reports may include “forward-looking
statements”. These statements can be identified by the use of forward-looking
terminology, including the terms “assumes,” “believes,” “estimates,”
“anticipates,” “probability,” “risk,” “target,” “goal,” “objective,” “expects,”
“intends,” “projects,” “plans,” “may,” “will” or “should” or, in each case,
their negative or other variations or comparable terminology. These
forward-looking statements include all matters that are not historical facts.
They include statements regarding the intentions, beliefs, or current
expectations of the Company concerning, among other things, the Company’s
results of operations, financial condition, liquidity, prospects, growth,
strategies, and the industry in which it operates, and include any business plan
information included in this report. Any forward-looking statements which the
Company makes in the report speak only as of the date of such statement. These
statements are not guarantees of future performance and involve certain risks,
uncertainties, and assumptions that could cause actual results to differ
materially from those in the forward-looking statements. As a result, you should
be cautious in placing any reliance on such statements and make your own
judgment as to the likelihood of such statements materializing in the future and
the reasonableness of any underlying assumptions. The Company does not intend,
and undertakes no obligation, to revise the forward-looking statements included
in this report to reflect any future events or circumstances.

The Company has included non-US GAAP financial measures in the reports. These
financial measures may not be comparable to those of other companies. Reference
to these non-GAAP financial measures should be considered in addition to US-GAAP
financial measures, but should not be considered a substitute for results that
are presented in accordance with US GAAP.

This press release and the attached presentation do not constitute an offering
of securities or otherwise constitute an invitation or inducement to any person
to underwrite, subscribe for or otherwise acquire securities in the Company. The
release, publication or distribution of this press release in certain
jurisdictions may be restricted by law, and therefore persons in such
jurisdictions into which this press release is released, published or
distributed should inform themselves about, and observe, such restrictions.

An investment in the Company involves risk, and several factors could cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements that may be
expressed or implied by statements and information in this press release and the
attached presentation, including, among others, the risk factors described in
the Company’s recent information document. An investment in the Company is only
suitable for investors who understand the risk factors associated with this type
of investment and who can afford to a loss of all or part of their investment.

More information:
Access the news on Oslo Bors NewsWeb site

640059_VTURA Midco 4Q24 interim report.pdf