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Wintermar Offshore Reports FY2020 Results Wintermar Offshore Marine (WINS:JK) has reported results for the full FY2020, achieving a gross profit of US$1.1 million, turning around from a gross loss of US$1.27 mil in FY2019, as utilization rose to 66% in Q42020. The rise in vessel utilization provided a boost to revenue of US$11.9 million for 4Q2020, and brought the Company back to a gross profit for the full FY2020. A strong 4th quarter saw high tier vessel utilization reach 77% as several drilling projects commenced. Although revenue for FY2020 was 23% lower than FY2019, the significant cost ...

o  Includes request for minimum 12-month extension · Significant upgrade in estimated resources o  Gross Mean GIIP: 4,703 BCF o  Gross Mean Prospective Resources: 3,527 BCF o  Mean Prospective Resources net to Baron interest: 882 BCF     Baron has a 33.33% interest in the shares of SundaGas (Timor-Leste Sahul) Pte. Ltd. ("SundaGas TLS"), the parent company of the Timor-Leste subsidiary holding the Chuditch PSC interest, with the remaining 66.67% being held by a subsidiary of SundaGas Pte. Ltd., a priva...