Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Tjänster |
Industri | Industri |
2023-12-07 16:26:30
Oslo, Norway, December 7, 2023
Commercial update:
In November 2023, the Company's 11 drilling rigs achieved an average operating
day rate of approximately USD 26,800 and rig utilization was 77%.
As of December 7, 2023, approximately 88% of available rig days in December are
contracted at an average operating day rate of approximately USD 26,500. The
contracted backlog beyond December is approximately USD 13.9 million with an
average daily operating rate of approximately USD 26,500.
Currently 9 of 11 rigs are contracted and working. One rig will begin mobilizing
under a new contract in mid-December. We will keep the remaining idle rig warm
stacked and expect activity to pick up in early 2024.
Cash distribution:
The Board of Directors approved today a monthly cash distribution of USD 1.7
million or USD $0.04 per share for December 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 $0.04 per share
Declared currency: US$. Payment to shares registered with Euronext VPS will be
distributed in NOK
Date of approval: December 7, 2023
Last day including right: December 11, 2023
Ex-date: December 12, 2023
Record date: December 13, 2023
Payment date: On or about December 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