Awilco Drilling PLC: Awilco Drilling Reports Q3 2021 results

Awilco Drilling PLC: Awilco Drilling Reports Q3 2021 results

16 Nov 2021 07:00 CET

Awilco Drilling PLC reports contract revenue of USD 7.4 million (USD 12.0
million Q2), EBITDA loss of USD 3.1 million (USD 3.0 million in Q2) and a net
loss of USD 4.6 million, (USD 1.6 million in Q2).

Revenue efficiency was 97.4% during the quarter (96.7% in Q2).

Operational uptime was 99.9% during the quarter (94.2% in Q2).

Contract backlog at the end of Q3 was approximately USD 1.0 million (USD 7.1
million Q2).

Please see attached for the Q3 2021 report.

A digital presentation will be held on the same day, 16 November 2021, at 10:00
UK time (11:00pm CEST / 05:00 EDT). The presentation material will be available
for download on the Investor Relations section (go to "Press Releases") at
www.awilcodrilling.com (http://www.awilcodrilling.com) prior to the meeting.
There will be a Q&A session after the presentation.

To join the digital meeting, please click this link
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A replay of the presentation will be made available on the Company website after
the event.

Aberdeen, 16 November 2021

For further information please contact:

Eric Jacobs, Interim CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: [email protected] (mailto:[email protected])

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

546933_Q3 2021 report AWDR Final.pdf

Source

Awilco Drilling Plc

Provider

Oslo Børs Newspoint