TIDMAWDR

Awilco Drilling PLC reports contract revenue of USD 12.0 million (USD 12.6 million Q1), EBITDA of USD 3.0 million (USD 3.7 million in Q1) and a net profit of USD 1.6 million, (USD 1.3 million in Q1).

Revenue efficiency was 96.7% during the quarter (87.5% in Q1).

Operational uptime was 94.2% during the quarter (95.9% in Q1).

Contract backlog at the end of Q2 was approximately USD 7.1 million (USD 8.0 million Q1).

Please see attached for the Q2 2021 report.

A digital presentation will be held today, 18 August 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 prior to the meeting. There will be a Q&A session after the presentation.

To join the digital meeting, please click this link https://www.globenewswire.com/Tracker?data=HGhm7q_apK6cXlwVw6wKeR3M6NBM1zhPBOZA7bi7fZ6ojkA9x3Fc6vpal2lt-w8-hGgsAD0kFjY0uZp284aruK6soaUNJEC3pWM9fl3zy1B26amvyU7F1H36mCV85ZCNhX72sV1QWoV_GKJOQYwH-3ZL6eauYEObsyGR45WFZwmeuRXGy8uw4JI0e5fcjwrSCgIUqh5JBWmWBLbRmDImUn-OTkkMaog4IuHXPde9ua1xX5nm6NjWW9hiMSMsHLdpe-4_icxB50c0OoIxFPtEILyEiljiJehq18iBHbDX6-TvbiUatuLYRRCd-hzn7BjuvTRHd1aNOvFQZE7ovBRX4sv84CZ3dFlA9qVXnfTq4p96DP01Ec5atqa6Psv2b8Pl23A0UBXfdanjICEyv6UVMKBmvnSk5JjCbzF5i3BGK-Ea2EXpzm_c6E810LK-ZKw0GhHl7Zv4a82QoklGjJG3T65bRB7p5T6l0kXkUE6Yafvhu_A2S40P-fvbrsHLcUKVAPRI2CYILp8LMAjcHf2ioFndPJnHEmqC307SghazhUOZ2o324uuqdlaqDYYlMlyZsLw0nTF3v563OzvJweT6XqWx57PUQlntqAdNUJX9iuAqKjTFV--Mm_RXnPDfIdzjo4wVpOb2w4hfuYjRwBtKmBprSg3dhQjxcdMJbq4yBdIm4K9EUZS9d-_pNdiyS6IzXR0PrSc_sno7TfubilOeTG2lL2VIuCUeebPeBSkHaf36NMA68zsmrH6sUy1efcpS0hMIis3b59mW8RPwvOTos3KwY_EyfnmJ3ZeO96DONSvVxVyY5iuBrZx0k39SsipTSkIYM2MCzauzdmqlftdd0pOlqQdbzdjm5Iqh-HKx56Ly4g2oUeexeOd84aGDcqnzW28WrLXfe0IMLUQO35rURWM_1L70QKjAdzZ8sssnjfSrbxnI9e-eQKnL4FauTav4MErMyjO6RcWYJtv4GbRPflARnLtNDt72E0WRQKKrNEYUpxPrEx_e2Xv5VafArG3c or copy and paste the following address into your browser:

https://eur01.safelinks.protection.outlook.com/ap/t-59584e83/?url=https%3A%2F%2Fteams.microsoft.com%2Fl%2Fmeetup-join%2F19%253ameeting_MDJmZWQ2MzktMGVmZi00MDYyLWE1NzEtZDNjZTU0OGMzMmNj%2540thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522c6903860-15d6-4675-a5fe-cf03764de020%2522%252c%2522Oid%2522%253a%2522b70a3a9b-a081-41f9-b2a4-3e57ef82979e%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d%26btype%3Da%26role%3Da&data=04%7C01%7Cchaavind%40awilhelmsen.no%7C2b2abf661e24435ef47208d95ceedec3%7C13406330ee5743ad9fa7ea6e572899d4%7C0%7C0%7C637643003283479700%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=4u8MBfWDarawswwC0L9VOnOrUmNbP6thVPzYorouUq4%3D&reserved=0

A replay of the presentation will be made available on the Company website after the event.

Aberdeen, 18 August 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: ch@awilcodrilling.com https://www.globenewswire.com/Tracker?data=uzxEYS3Xp_f65OWU40bKGo_ovQmX_6XiCUk0mb-Ap7BRDtfOI5Dh-apHqbeLMo2YwO7CpVbt3JtgP_tRC7nie1WLQi32NVF1jZhBa-xXTQ4=

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

Attachment

   -- AWDR Q2 2021 report 
      https://ml-eu.globenewswire.com/Resource/Download/936b0ae9-80fc-4fcc-a190-ce67a6e82665

(END) Dow Jones Newswires

August 18, 2021 01:00 ET (05:00 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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