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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 or copy and paste the following address into your browser:
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
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.