Awilco Drilling PLC reports contract revenue of USD 8.6 million (USD 10.6 million Q3), Adjusted EBITDA of USD 2.6 million loss (USD 1.7 million positive in Q3) and a net loss of USD 141.1 million, (USD 1.0 million loss in Q3). Net loss includes de-recognition of assets totaling USD 110.8 million and impairments of USD 25 million.
Revenue efficiency was 54.1% during the quarter (100% in Q3).
Operational uptime was 81.8% during the quarter (100% in Q3).
Contract backlog at the end of Q4 was approximately USD 15.0 million (USD 15.2 million Q3).
Please see attached for the Q4 2020 report.
A digital presentation will be held today, on 10 February 2021, at 13:00 UK time (14:00pm CET / 08:00 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 or copy and paste the following address into your browser: https://teams.microsoft.com/l/meetup-join/19%3ameeting_ZDU1M2ZkMzYtNjQwNi00NTU1LTg5OTctM2IzMjUxMmY3Y2Iy%40thread.v2/0?context=%7b%22Tid%22%3a%22c6903860-15d6-4675-a5fe-cf03764de020%22%2c%22Oid%22%3a%22b70a3a9b-a081-41f9-b2a4-3e57ef82979e%22%2c%22IsBroadcastMeeting%22%3atrue%7d
A replay of the presentation will be made available on the Company website after the event.
Aberdeen, 10 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
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.