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Awilco Drilling PLC: Awilco Drilling Reports Q3 2021 results

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Awilco Drilling PLC reports contract revenue of USD 7.4 million (USD 12.0 million Q2), EBITDA loss of USD 3.1 million (USD 3.0 million in Q2) and a net loss of USD 4.6 million, (USD 1.6 million in Q2).

Revenue efficiency was 97.4% during the quarter (96.7% in Q2).

Operational uptime was 99.9% during the quarter (94.2% in Q2).

Contract backlog at the end of Q3 was approximately USD 1.0 million (USD 7.1 million Q2).

Please see attached for the Q3 2021 report.

A digital presentation will be held on the same day, 16 November 2021, at 10:00 UK time (11:00pm CEST / 05:00 EDT). The presentation material 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://eur01.safelinks.protection.outlook.com/ap/t-59584e83/?url=https%3A%2F%2Fteams.microsoft.com%2Fl%2Fmeetup-join%2F19%253ameeting_NmJmYTNmOWMtNTY1Mi00OTEwLTg4ZjItNDBkZWRkMDI1NzZj%2540thread.v2%2F0%3Fcontext%3D%257b%2522Tid%2522%253a%2522c6903860-15d6-4675-a5fe-cf03764de020%2522%252c%2522Oid%2522%253a%2522b70a3a9b-a081-41f9-b2a4-3e57ef82979e%2522%252c%2522IsBroadcastMeeting%2522%253atrue%257d%26btype%3Da%26role%3Da&data=04%7C01%7Cchaavind%40awilhelmsen.no%7C77f22ba2ec0d426421ff08d9a45fc099%7C13406330ee5743ad9fa7ea6e572899d4%7C0%7C0%7C637721553419590301%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C1000&sdata=ntJTwD3KDz3ucbEOPCsTULUPCQvD5s3e8EkEJN58g2E%3D&reserved=0

A replay of the presentation will be made available on the Company website after the event.

Aberdeen, 16 November 2021

For further information please contact:

Eric Jacobs, Interim CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
Email: ch@awilcodrilling.com

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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