Commercial update July 2023

Ă…lesund, Norway, Aug 3rd 2023

In July 2023, Golden Energy Offshore Services AS (GEOS) achieved time charter
equivalent earnings of approximately USD 19,162 per day and fleet utilization of
99%.


Presently GEOS has three PSVs whereof Energy Swan is on Term business with
Repsol N, Energy Empress is on Term Business in Caribbean and Energy Duchess
trading spot/ short term with very good utilization.

The market continues improving in several regions and Energy Duchess is in an
attractive position for several business opportunities.

For further information please contact.

Per Ivar Fagervoll
CEO
email pif@geoff.no
Phone +47 97428884