Awilco Drilling Plc: Awilco Drilling Reports Q4 2020 Results

 
TIDMAWDR 
 
 
 
   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 
https://www.globenewswire.com/Tracker?data=-TJUDNE6voyFB1q7YJHchkZtf5-OgBnXOKflWtoHCDga2n0skkzoesc7BsAH_rZvbXowRUhoDvJsiezr5nXqTPW8Y6Ja0UzMnpvliXYVt1Q= 
www.awilcodrilling.com prior to the meeting. There will be a Q&A session 
after the presentation. 
 
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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: [phone] 
 
   Cathrine Haavind, IR Manager 
 
   Phone: [phone] 
 
   Email: 
https://www.globenewswire.com/Tracker?data=0U35mIfa5X6fysj-zn3gOTNsFBH9dOqjJOPgynYrnhkQO7GGHXIJsEhdSf7mjrpdExEmbHqU-Z_Ta0mk4nBfi7H6JMdeT6PcvTykEQtOlCs= 
[e-mail] 
 
   This information is subject of the disclosure requirements pursuant to 
section 5-12 of the Norwegian Securities Trading Act. 
 
 
 
   Attachment 
 
 
   -- AWDR Q4 2020 report 
      https://ml-eu.globenewswire.com/Resource/Download/43bb09b9-c7d8-4528-a575-c7f28d0018e0 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

February 10, 2021 01:30 ET (06:30 GMT)

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