Noram Drilling AS

Accountant juli 17, 2024, 1:00pm #264

Ja det kan slå ut i blomst for flere selskap da han vil øke oljeboringen på offentlige landområder og tilby skattelettelser til olje-, gass- og kullprodusenter så det vil nok dryppe på Noram også hvis han blir gjenvalgt.

Jenni juli 17, 2024, 1:28pm #265

Jepp, og oddesene for at Trump vinner ser veldig gode ut.

Forøvrig er nedsiden i NORAM og ganske begrenset her mener jeg. Bra jevn yield og lite gjeld.

Jenni juli 22, 2024, 7:06am #266

Holder vi over 40 her ser dette riktig så bra ut som en reverseringsformasjon

TekBot juli 24, 2024, 8:45pm #267

NorAm Drilling AS – PDMR Notification Following Option Exercise

Oslo, Norway, July 24, 2024

NorAm Drilling AS (“NorAm Drilling” or the “Company”) announces that its Chief Operating Officer Thomas Taylor has on July 24, 2024 exercised 100,000 options to acquire shares in the Company.
…

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Due to prior cash distribution adjustments, the strike price per share option is negative NOK 5.6412. To account for the negative share price, the Company will settle the net difference in additional 14,103 shares based on its market value by applying today’s volume weighted average price of NOK 40.0004 on the Euronext Growth Oslo exchange.

Following this exercise of options, Thomas Taylor owns 133,553 shares in the Company and has 50,000 share options.

Please find further details in the enclosed form.

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 juli 24, 2024, 9:49pm #268

NorAm Drilling AS - Issue of New Shares Following Option Exercise

Oslo, Norway, July 24, 2024

Further to the Company’s announcement today regarding share option exercise by a PDMR, the Company will issue 114,103 new shares, pursuant to the Board’s authorisation to issue new shares as granted on the Company’s annual general meeting on 11 June 2024.
…

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Following the issue of the new shares, the Company’s share capital will be NOK 86,510,192 consisting of 43,255,096 shares each with a par value of NOK 2.00.

Following the exercise of options, 450,000 options remain outstanding in the Company.

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 august 8, 2024, 2:56pm #269

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

Oslo, Norway, August 8, 2024

Commercial update:
…

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In July 2024, the Company had 10 out of 11 rigs employed and rig utilization was 90%.

As of August 8, 2024, approximately 91% of available rig days in August are contracted. The contracted backlog beyond August is approximately USD 21.7 million.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow 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: August 8, 2024

Last day including right: August 15, 2024

Ex-date: August 16, 2024

Record date: August 19, 2024

Payment date: On or about August 23, 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

TekBot august 14, 2024, 3:45pm #270

Financial calendar

TekBot august 14, 2024, 3:45pm #271

NorAm Drilling AS – Invitation to Q2 2024 Results Presentation

Oslo, Norway, August 14, 2024

NorAm Drilling AS plans to release its preliminary financial results for the second quarter of 2024 after market close on Thursday, August 22, 2024.
…

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In connection with the release, the Company invites potential and existing investors and analysts to a live presentation and Q&A on Friday, August 23, 2024, at 09:00 AM (EST) / 3:00 PM (CET).

Follow the link to attend the presentation: t.ly/NorAm-Q2-2024

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 august 16, 2024, 6:01am #272

NorAm Drilling AS - Ex cash distribution USD 0.04 today

TekBot august 22, 2024, 4:11pm #273

NorAm Drilling AS - Second Quarter 2024 Results

Oslo, Norway, August 22, 2024

NorAm Drilling AS (the “Company” or “NorAm”), today reported unaudited results for the three and six months ended June 30, 2024:
…

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HIGHLIGHTS
• Reported Revenues of MUSD 24.9
• Adjusted EBITDA of MUSD 4.8
• Fleet utilization was 85.9%
• Average base dayrate of $25,600
• Current revenue backlog of MUSD 25.4 as of August 22, 2024

Marty L. Jimmerson, Chief Executive Officer of NorAm Drilling AS commented:
«During the second quarter, rig counts in the US declined 6% and rig counts in the Permian decreased 2%. The US rig market continues to be impacted by reduced drilling demand after substantial consolidation activity among private and public operators and continued production discipline being demonstrated by most E&Ps. We were pleased to have transitioned 3 of our rigs during the second quarter from operators acquired in previously announced M&A deals to new customers which reinforces the quality of our rigs and operational performance.

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 5.2 or NOK 1.30 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 Friday, August 23, 2024, at 09:00 AM (EST) / 3:00 PM (CET). Follow the link to attend the presentation: t.ly/NorAm-Q2-2024

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

TekBot august 23, 2024, 12:14pm #274

NorAm Drilling AS - Second Quarter 2024 Results Presentation

TekBot august 30, 2024, 11:54am #275

NorAm Drilling AS – New share capital registered

Oslo, Norway, August 30, 2024

Reference is made to the announcement on 24 July 2024 by NorAm Drilling regarding the issuance of 114,103 new shares following share option exercises by a member of management on the same date.
…

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The resolution made by the Board of Directors to increase the share capital by issuance of new shares was today registered with the Norwegian Register of Business Enterprises. The new shares were issued pursuant to an authorisation to issue new shares granted to the Board of Directors on the Company’s annual general meeting on 11 June 2024.

Following this, NorAm Drilling’s new share capital is NOK 86,510,192 consisting of 43,255,096 shares, each with a par value of NOK 2.00.

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 september 9, 2024, 3:13pm #276

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

Oslo, Norway, September 9, 2024

Commercial update:
…

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In August 2024, the Company had 10 out of 11 rigs employed and rig utilization was 90%.

As of September 9, 2024, approximately 91% of available rig days in September are contracted. The contracted backlog beyond September is approximately USD 33.7 million, up 55% from the previous month.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for August 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: September 9, 2024

Last day including right: September 13, 2024

Ex-date: September 16, 2024

Record date: September 17, 2024

Payment date: On or about September 23, 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 september 16, 2024, 6:01am #277

NorAm Drilling AS - Ex cash distribution USD 0.04 today

TekBot oktober 8, 2024, 2:31pm #278

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

Oslo, Norway, October 8, 2024

Commercial update:
…

Vis børsmeldingen

In September 2024, the Company had 10 out of 11 rigs employed and rig utilization was 87%.

As of October 8, 2024, approximately 91% of available rig days in October are contracted. The contracted backlog beyond October is approximately USD 27.7 million.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for September 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: October 8, 2024

Last day including right: October 14, 2024

Ex-date: October 15, 2024

Record date: October 16, 2024

Payment date: On or about October 23, 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

TekBot oktober 15, 2024, 6:00am #279

NorAm Drilling AS - Ex cash distribution USD 0.04 today

TekBot november 4, 2024, 2:44pm #280

Financial calendar

TekBot november 4, 2024, 2:44pm #281

NorAm Drilling AS – Invitation to Q3 2024 Results Presentation

Oslo, Norway, November 4, 2024

NorAm Drilling AS plans to release its preliminary financial results for the third quarter of 2024 after market close on Wednesday, November 13, 2024.
…

Vis børsmeldingen

In connection with the release, the Company invites to a live presentation and Q&A on Thursday, November 14, 2024, at 09:00 AM (EST) / 3:00 PM (CET).

Follow the link to attend the presentation: bit.ly/NorAm-Q3-2024

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 november 7, 2024, 3:32pm #282

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

Oslo, Norway, November 7, 2024

Commercial update:
…

Vis børsmeldingen

In October 2024, the Company had 10 out of 11 rigs employed and rig utilization was 91%.

As of November 7, 2024, approximately 91% of available rig days in November are contracted. The contracted backlog beyond November is approximately USD 22.0 million.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of approximately USD 1.7 million based on free cash flow for October 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: November 7, 2024

Last day including right: November 13, 2024

Ex-date: November 14, 2024

Record date: November 15, 2024

Payment date: On or about November 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

tswbeta november 11, 2024, 8:23pm #283

Hvorfor kjøper ikke alle denne pengemaskinen nå? Tror de at oljeprisen skal i kjelleren?