Noram Drilling AS

TekBot april 10, 2024, 3:50pm #244

NorAm Drilling AS – Monthly rig update and key information relating to the cash distribution for April 2024

Oslo, Norway, April 10, 2024

Commercial update:
…

Vis børsmeldingen

In March 2024, the Company’s 11 drilling rigs achieved an average operating day rate of approximately USD 26,400 and rig utilization was 83%.

As of April 10, 2024, approximately 87% of available rig days in April are contracted at an average operating day rate of approximately USD 25,700. The contracted backlog beyond April is approximately USD 23.5 million with an average daily operating rate of approximately USD 25,000.

Currently 9 of 11 rigs are contracted and working. A 10th rig is contracted and scheduled to commence operations in mid-April. We will keep the remaining idle rig warm and expect activity to pick up later in 2024.

Cash distribution:

The Board of Directors approved today a monthly cash distribution of approximately USD 1.7 million for April 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 0.04 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be distributed in NOK

Date of approval: April 10, 2024

Last day including right: April 15, 2024

Ex-date: April 16, 2024

Record date: April 17, 2024

Payment date: On or about April 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

Kilde

HO5 april 11, 2024, 6:56am #245

Dette blir bra
Fra Pareto igjen:

2 Likes

TekBot april 16, 2024, 6:01am #246

NorAm Drilling AS - Ex cash distribution USD 0.04 today

TekBot mai 8, 2024, 2:58pm #247

NorAm Drilling AS – Monthly rig update and key information relating to the cash distribution for May 2024

Oslo, Norway, May 8, 2024

Commercial update:
…

Vis børsmeldingen

In April 2024, the Company’s 11 drilling rigs achieved an average operating day rate of approximately USD 25,700 and rig utilization was 87%.

As of May 8, 2024, approximately 83% of available rig days in May are contracted at an average operating day rate of approximately USD 25,600. The contracted backlog beyond May is approximately USD 22.0 million with an average daily operating rate of approximately USD 25,100.

Currently 9 of 11 rigs are contracted and working. A 10th rig is contracted and scheduled to commence operations by mid-June. We will keep the remaining idle rig warm and expect activity to pick up later in 2024.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million for May 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 0.04 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be distributed in NOK

Date of approval: May 8, 2024

Last day including right: May 13, 2024

Ex-date: May 14, 2024

Record date: May 15, 2024

Payment date: On or about May 24, 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

Kilde

1 Like

TekBot mai 14, 2024, 6:00am #248

NorAm Drilling AS - Ex cash distribution USD 0.04 today

TekBot mai 14, 2024, 2:59pm #249

Financial calendar

TekBot mai 14, 2024, 2:59pm #250

NorAm Drilling AS – Invitation to Q1 2024 Results Presentation

Oslo, Norway, May 14, 2024

NorAm Drilling AS plans to release its preliminary financial results for the first quarter of 2024 after market close on Tuesday, May 21, 2024.
…

Vis børsmeldingen

In connection with the release, the Company invites potential and existing investors and analysts to a live presentation and Q&A on Wednesday, May 22, 2024, at 10:00 AM (EST) / 4:00 PM (CET).

Follow the link to attend the presentation: bit.ly/NorAm-Q12024Live

Relevant presentation material will on the same day be made available on the Investor Relations section of the Company’s website at www.noramdrilling.com.

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

Kilde

TekBot mai 21, 2024, 5:07pm #251

NorAm Drilling AS - First Quarter 2024 Results

Oslo, Norway, May 21, 2024

NorAm Drilling AS (the “Company” or “NorAm”), today reported unaudited results for the three months ended March 31, 2024:
…

Vis børsmeldingen

HIGHLIGHTS
• Reported Revenues of MUSD 25.0, up 4% from the previous quarter
• Adjusted EBITDA of MUSD 6.7 up 24% from the previous quarter
• Fleet utilization was 87.5% compared to 82.3% in the previous quarter
• Average base dayrate of $26,300, down 2% from the previous quarter
• Current revenue backlog of MUSD 24.5 as of May 21, 2024

Marty L. Jimmerson, Chief Executive Officer of NorAm Drilling AS commented:
"Despite WTI increasing 15% during the first quarter, rig counts in the US were essentially flat
and rig counts in the Permian only increasing modestly. The market continues to be impacted by
reduced drilling demand after substantial consolidation activity among private and public
operators in addition to disciplined production plans demonstrated by most E&Ps.

With our industry low-cost base and zero debt, we continue to return capital to shareholders despite market headwinds and this demonstrates the strength of our unique model. We paid MUSD 6.4 or NOK 1.57 per share in monthly dividends in the quarter and have declared two additional dividends after quarter end. Our rigs are among the very top performers measured in feet drilled per day in the U.S shale market, and NorAm should be well positioned in a market recovery."

In connection with the release, the Company invites potential and existing investors and analysts to a live presentation and Q&A on Wednesday, May 22, 2024, at 10:00 AM (EST) / 4:00 PM (CET).

Follow the link to attend the presentation: bit.ly/NorAm-Q12024Live

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

Kilde

1 Like

TekBot mai 21, 2024, 8:13pm #252

NorAm Drilling AS - Annual Report 2023

TekBot mai 21, 2024, 8:15pm #253

Financial calendar

TekBot mai 22, 2024, 12:07pm #254

NorAm Drilling AS - First Quarter 2024 Results Presentation

TekBot mai 29, 2024, 7:39pm #255

NorAm Drilling AS - Notice of Annual General Meeting 2024

Oslo, Norway, May 29, 2024

Please be advised that The Annual General Meeting of NorAm Drilling AS (the “Company” or “NorAm”) will be held at the offices of Frontline Management in Bryggegata 3 in Oslo on June 10, 2024 at 3.00 p.m. (CET).
…

Vis børsmeldingen

NorAm shareholders may participate virtually through MS Teams. Please follow the attendance instructions set forth in the AGM notice.

The AGM notice (together with appendices) and the Company’s annual report is enclosed to this press release and will be made available on the Investor Relations section of the Company’s website www.noramdrilling.com.

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

Kilde

TekBot juni 10, 2024, 2:35pm #256

NorAm Drilling AS – Monthly rig update and key information relating to the cash distribution for June 2024

Oslo, Norway, June 10, 2024

Commercial update:
…

Vis børsmeldingen

In May 2024, the Company’s 11 drilling rigs achieved an average operating day rate of approximately USD 25,600 and rig utilization was 83%.

As of June 10, 2024, approximately 90% of available rig days in June are contracted at an average operating day rate of approximately USD 25,600. The contracted backlog beyond June is approximately USD 16.0 million with an average daily operating rate of approximately USD 25,200.

Currently 10 of 11 rigs are contracted and working. We will continue to keep the remaining idle rig warm and expect activity to pick up later in 2024.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million for June 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 0.04 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be distributed in NOK

Date of approval: June 10, 2024

Last day including right: June 13, 2024

Ex-date: June 14, 2024

Record date: June 17, 2024

Payment date: On or about June 21, 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

Kilde

2 Likes

TekBot juni 12, 2024, 7:56am #257

NorAm Drilling AS - Minutes from the Annual General Meeting

TekBot juni 14, 2024, 6:00am #258

NorAm Drilling AS - Ex cash distribution USD 0.04 today

TekBot juli 10, 2024, 3:04pm #259

NorAm Drilling AS - Monthly rig update and key information relating to the cash distribution for July 2024

Oslo, Norway, July 10, 2024

Commercial update:
…

Vis børsmeldingen

In June 2024, the Company’s 11 drilling rigs achieved an average operating day rate of approximately USD 25,700 and rig utilization was 90%.

As of July 10, 2024, approximately 90% of available rig days in July are contracted at an average operating day rate of approximately USD 25,600. The contracted backlog beyond July is approximately USD 19.0 million with an average daily operating rate of approximately USD 25,400.

Currently 10 of 11 rigs are contracted and working. We will continue to keep the remaining idle rig warm and expect activity to pick up later in 2024.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million for July 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 0.04 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be distributed in NOK

Date of approval: July 10, 2024

Last day including right: July 15, 2024

Ex-date: July 16, 2024

Record date: July 17, 2024

Payment date: On or about July 24, 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

Kilde

vegar_beider juli 10, 2024, 4:36pm #260

Begynner å bli bekymret over at de ikke klarer å oppnå full utnyttelse igjen på riggene sine. Etter en knallgod start dytter de nå hele tiden forventningene om å få de/den siste i drift foran seg.

Excession juli 10, 2024, 8:07pm #261

De jobber vel jevnt og trutt. Er ikke så bekymret og jeg holder mine 100k aksjer her. Så lenge de er positive og gir utbytte med de som er i drift har de ikke så hast men hadde jo helst sett full utnyttelse og gode rater og 1kr per mnd i utb hehe

1 Like

TekBot juli 16, 2024, 6:00am #262

NorAm Drilling AS - Ex cash distribution USD 0.04 today

Jenni juli 17, 2024, 10:28am #263

Ganske perfekt setup på denne om Trump vinner. 11 toppmoderne driller, ingen gjeld, super rykte i markedet, og en Trump som vil “Drill baby drill!”

1 Like