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INVESTMENTS IN EQUITY SECURITIES | 6 Months Ended
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Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
INVESTMENTS IN EQUITY SECURITIES | INVESTMENTS IN EQUITY SECURITIES As of June 30, 2024 and June 30, 2023, the equity securities comprise of approximately 1.3 million shares in NorAm Drilling Company AS (“NorAm Drilling”) which are traded on the Euronext Growth multilateral trading facility in Oslo. The Company recognized a mark to market loss of $0.2 million in the Statement of Operations in the six months ended June 30, 2024 (June 30, 2023: loss of $0.8 million), together with a foreign exchange loss of $0.2 million (June 30, 2023: loss of $0.6 million), in Other Financial Items in the Statement of Operations.

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