Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Tjänster |
Industri | Industri |
2023-08-08 17:20:38
Oslo, Norway, August 8, 2023
Commercial update:
In July 2023, the Company's 11 drilling rigs achieved an average operating day
rate of approximately USD 30,700 and rig utilization was 85.7%.
As of August 8, 2023, 75% of available rig days in August were contracted at an
average operating day rate of approximately USD 30,200. The contracted backlog
beyond August was approximately USD 13.2 million with an average daily operating
rate of approximately USD 28,700.
Currently 9 of 11 rigs are working and later in August, one more of the
Company's rigs will be released and marketed for new work. We expect activity to
pick up later in 2023 and we will keep the idle rigs warm-stacked for now.
During the time between contracts, the Company expects the rigs' opex to be
approximately 30% lower than in a contracted mode.
Cash distribution:
The Board of Directors approved today a monthly cash distribution of USD 3.9
million or USD 0.09 per share for August 2023. 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 0.09 per share
Declared currency: US$. Payment to shares registered with Euronext VPS will be
distributed in NOK.
Date of approval: August 8, 2023
Last day including right: August 11, 2023
Ex-date: August 14, 2023
Record date: August 15, 2023
Payment date: On or about August 18, 2023
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