Discovery Offshore S.A. Announces First Quarter 2012 Results

5/23/2012 2:25 PM EST

Luxembourg, 24 May 2012 -- Discovery Offshore S.A. 
("Discovery Offshore" or the "Company") announced 
today results for the first quarter 2012, which 
covers the period from 1 January 2012 through 31 
March 2012. During this first quarter period, the 
Company reported a net loss of USD 0.3 million, or 
USD nil per fully diluted share. 

The full report and financial statements for the 
Company's first quarter 2012 financial results are 
available at www.newsweb.no and 
www.discoveryoffshore.lu.

Discovery Offshore is a Luxembourg-based public 
limited liability company incorporated on 12 January 
2011 for the purpose of owning new ultra high 
specification jackup drilling rigs. The Company's 
main assets are two Keppel FELS Super A high 
specification harsh environment jackup rigs currently 
under construction, with delivery scheduled for the 
second quarter and fourth quarter of 2013, 
respectively.  

For additional information about Discovery Offshore 
S.A., please visit our website at 
www.discoveryoffshore.lu 

This press release contains forward-looking 
statements that involve risks and uncertainties.  You 
are cautioned not to put undue reliance on forward-
looking statements because actual events and results 
may differ materially from the expected results 
described by such forward-looking statements.  
Discovery Offshore S.A. disclaims any obligation to 
update and revise any forward-looking statements, 
whether as a result of new information, future events 
or otherwise.

Contact:
Son P. Vann, CFA
Tel: (713) 350-8508
 

Joost A. Mees
Discovery Offshore S.A.
46A, Avenue J.F. Kennedy
L-1855 Luxembourg
352 42 71 71 1