TIDMAWDR 
 

Awilco Drilling PLC reports contract revenue of USD 1.0 million (USD 7.4 million Q3), EBITDA loss of USD 7.8 million (USD 3.1 million loss in Q3) and a net loss of USD 50.7 million, (USD 4.6 million loss in Q3). Net loss includes impairment of USD 31.0 million.

Revenue efficiency was 90.1% during the quarter (97.4% in Q3).

Operational uptime was 100% during the quarter (99.9% in Q3).

Please see attached for the Q4 2021 report.

A digital presentation will be held on 1 March 2022 at 11:00 UK time (12:00pm CET / 06:00 EST). The presentation 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=E5Mg9q5CCRq17SLJkLbgDcyTZIikAdpkrV19Ls0IT51ebb7BUlB1H6LMW8PAHpbdJ6gghUlh1FgwUgp6-8wJBPowtHjYApyRbZuQK61birsFK_vTfVgk0B2P1MYHyvoD7MWV5NCBz6cUyO9CaNI2HtFxeRUyzdZQKtebrdukyjP3liKgbWQn9EbOfyY2JGcshXTmH1tP1RZD1hxkN7v0h2MHUE2I91KCiBcCUhAu2RgFC4mhCzdQyFO-oQRBhV4eH1RraYM769iDQg7klL_X65vMbIbHF_tQTRg3M8QPzQ9bXoEDMZGrrfWg-4GZCSJMHuQ0r1s_ooL0boxdprn1_uOtFv2nvZdHln2A-nhH-buK9bsw7PT4Tyqhe1gDdqewkDGhHntnAoiNPDu0XDIhNIa8r-AhdvPWSBXbmbZgqa8KD-HcD8ip7qU3HSu8cT6O7Skp4wA3PO8ks6vdFcyRSqKFR9Gi-08IJiDOYsoRrm98k0TCdjfPHEfwsWH1bdlE4rvs_qDjp0Ncex7M0F5b7G7hLlK1UsPczB3HGa_fOPPCJShGoVLuijTPLQJxxi2J2HS_zEcoBcRpyRfrKgS5dtk1os6J8BCuDiuU-4qNlFkAAmSRXkB2A0mXA6AmpyEoE_DMuWzkwr8dv3MqUB3YGrgBQbbeE5c8PHpoz04ngyQI38Jx4ejMOjT_pAHjgidK_SLoErtm4fMnhmElLqFo4uHbN1UyL1Sa5Dad5SSEBcnUcMQfJObX56OLwXiiX08Qqa-b3l3NHrGudYqulNhcI1Z5wvt-U8AMsM4brGZvJI6PsdyPaOv4tfHWI6G-kI6tfu0fQH3hKwqXI1iC0sWu0Ul8ImDOT4yMOUR0Xb5AOnysRyttGitDD7kzFGUUutq2j0TEqnV3HUUl9tSBlY1vOIrrV-Qn0gRnSjuaLw1rz9FZFiJ2gDn0OA_f-PzWQOT7EHxlneGxVc30ZpvEOShb-Znn1trUBKZahDBa8zl0j3jQH0exhQfqW0ziOiYMGWpj 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_N2I4NjkwNGMtZmI3YS00OTkxLTliZWEtYzE1YWE2NTFjYTYz%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%7C8f4195fd12e04044b34608d9f7a8076f%7C13406330ee5743ad9fa7ea6e572899d4%7C0%7C0%7C637813123323817472%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000&sdata=2W3dxhA2rKGndiyiiMbKjtrhZPSPs708jJMx8e6hPJ4%3D&reserved=0

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

Aberdeen, 28 February 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=aelCykQKMa87aMt9vCF1j5VFVTcYXtkIrjqa1NKm2tfUEI8NkO-WaT1gCLkqDFvR_egmqdcwTUQU2E3hDLURJD2AdZ9UYRnSWY-KvoNtd6I=

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

Attachment

   -- AWDR Q4 2021 report 
      https://ml-eu.globenewswire.com/Resource/Download/73ce1365-d662-4b49-92f2-7bdc9baf1f25 
 
 
 

(END) Dow Jones Newswires

February 28, 2022 16:00 ET (21:00 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
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