TIDMAWDR

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 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=wEPllsUCsv8Y-CMjKen-HJ0sgmMM3iKD1IWqIYElWOzUPot5YGjX5RoinzWXMbRf_MucojJpweFb9NKC5cWxCZM49DTohTUSoy1agQ7lpWe3ZYhgmy9GddqPwLyanpzAuTWjeA_prtnE9IgeXPDgXvkP6gJMUQrRnFw5bXqtny0yyf23GYeAqq3wPJqjyGudo-6X0L_hVQ80Shv3v1nvhtVdEtNKI93ceGu8SVvjiW-5CI2JLM9TBLgs2oW5JXLZMsjtL3k7vySvSf3-aWT8j_basV5zrvob6m_ZNMl8oRTMWLv5PP1U53MidAuAUZ9oPlr2DfFdGfkrCfnzUe0rdd5gZ6Jk2_t97Pt2NM_kuDtUGPioytyMMrhBJ7LJVPFjXkyXkSdcnVKmeBBUf9W65q8iP0w2LEe5B6gHs31P3GgM9ktISOQs9C-pQN8LMto9GIvWnK7CLx6Go2VSCxnw31Jj3RD4VTukZLg28kcjsx4hRnyoVvBKtQw9I_y8P3799lNhQ5u2jq7Xven_inz2IadgZXAboWb-blgNQ8ObFuKqpinhhPK1IbZ5aUP8Zna0mkUoOT2B6xvxzKmY07Nk5E9UpsAVauBE7UPBKZq8woGxPW8gnOZr56vQz7lNhxOvjmeMMcygVbF_mSgeCVD3MxKqjegrGawuPkoIeq_YlON59LsjDJlMt3sPdTdwQBMeFLQzOuwqfef4DTGtPyH-jWO2-0riQpWMKEQedhmTKL-K_sLhBo1xlnpJ-o3fgWq0kN9w3qAY5kPXU79VdSGb_EOspQ1OhXhZwYFqfjtGwyAgnfOq2x1I2craf0FGQq_hB4eUjbUhlZTocN2gAr7mvCrRVD9jNwpds1ROZirpU_20qOkaCml0ZLpW-Ny2lde3zKmuj5sNjDVAG1m3xwoKmOSBQ227N62MjfyHskYYHskJQeD6TGxi0kLnIdYlEbw86ktaGx8Oo7W-v-wRfkbTqYpRePbbdKdczPtlT_jqcU83ddFyAeXMi4Jg5cHEEorQ 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_NmJmYTNmOWMtNTY1Mi00OTEwLTg4ZjItNDBkZWRkMDI1NzZj%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%7C77f22ba2ec0d426421ff08d9a45fc099%7C13406330ee5743ad9fa7ea6e572899d4%7C0%7C0%7C637721553419590301%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=ntJTwD3KDz3ucbEOPCsTULUPCQvD5s3e8EkEJN58g2E%3D&reserved=0

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: ch@awilcodrilling.com https://www.globenewswire.com/Tracker?data=m-lHwuHcZDM7x-vsNCKVNsmr5CgYtSfOW5SH6rLAam7JgisDu_fPon2tJv9cu1XBpPvVQdUuHGIOl1Wx-l1vQ9qKr-gXHgejVSxfm_pB4x0=

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

Attachment

   -- AWDR Q3 2021 report 
      https://ml-eu.globenewswire.com/Resource/Download/f2c1cff9-238c-47ee-811a-c6da81d8d412

(END) Dow Jones Newswires

November 16, 2021 01:00 ET (06:00 GMT)

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