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SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2014

SHAREHOLDERS' EQUITY [Abstract]

Authorized, issued and outstanding common shares roll-forward

Authorized, issued and outstanding common shares roll-forward is as follows:

All figures in USD ´000, except number of shares		Authorized Shares				Issued and Out- standing Shares				Common Stock
Balance as of January 1, 2013			90,000,000				52,915,639				529
Common Shares Issued							20,556,250				206
Shares issued in connection with the Scandic acquisition							1,910,112				19
Balance as of December 31, 2013			90,000,000				75,382,001				754
Common Shares Issued    in Follow-on Offering							13,800,000				138
Increase in Authorized Shares			90,000,000
Balance as of December 31, 2014			180,000,000				89,182,001				892
Balance as of December 31, 2015			180,000,000				89,182,001				892

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

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- References

No definition available.

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