Paratus Announces Receipt of Payment in Mexico

Given these developments, the Company is therefore of the view that receipt of payment from this client going forward will be considered in line with ordinary course of business and hence do not necessarily anticipate providing separate market updates on these receipts outside of its regular quarterly results announcements. Given these developments, the Company is therefore of the view that receipt of payment from this client going forward will be considered in line with ordinary course of...

Given these developments, the Company is therefore of the view that receipt of payment from this client going forward will be considered in line with ordinary course of business and hence do not necessarily anticipate providing separate market updates on these receipts outside of its regular quarterly results announcements.

For further information, please contact:
Robert Jensen, CEO
[email protected]
+47 958 26 729

Baton Haxhimehmedi, CFO
[email protected]
+47 406 39 083

About Paratus
Paratus Energy Services Ltd. (ticker: PLSV) is an investment holding company of a group of leading energy services companies. The Paratus Group is primarily comprised of its ownership of Fontis Energy and a 50/50 JV interest in Seagems. Fontis Energy is an offshore drilling company with a fleet of five high-specification jack-up rigs in Mexico. Seagems is a leading subsea services company, with a fleet of six multi-purpose pipe-laying support vessels in Brazil.

Note: (1) Amount includes Mexican standard VAT rate of 16%.

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