Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Tjänster |
Industri | Industri |
2024-01-09 17:22:39
Oslo, Norway, January 9, 2024
Commercial update:
In December 2023, the Company's 11 drilling rigs achieved an average operating
day rate of approximately USD 26,500 and rig utilization was 87%.
As of January 9, 2024, approximately 87% of available rig days in January are
contracted at an average operating day rate of approximately USD 26,400. The
contracted backlog beyond January is approximately USD 11.9 million with an
average daily operating rate of approximately USD 26,500.
Currently 10 of 11 rigs are contracted and working. We will keep the remaining
idle rig warm stacked and expect activity to pick up going forward.
Cash distribution:
The Board of Directors approved today an increased monthly cash distribution of
approximately USD 2.2 million for January 2024. The distribution will be made
from the Company's Contributed Surplus account which consists of previously paid
in share premium transferred from the Company's Share Premium account.
Key information:
Distribution amount: USD 0.05 per share
Declared currency: US$. Payment to shares registered with Euronext VPS will be
distributed in NOK
Date of approval: January 9, 2024
Last day including right: January 15, 2024
Ex-date: January 16, 2024
Record date: January 17, 2024
Payment date: On or about January 22, 2024
For further queries, please contact:
Marius Furuly, Director of IR and Strategy
Tel: +47 90626191
About NorAm Drilling
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs
upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is
the largest oil producing region in North America. NorAm Drilling is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.
www.noramdrilling.com