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Awilco Drilling PLC (AWDR.OL)

AWDR.OL on Oslo Stock Exchange

33.60NOK
3:25pm GMT
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Open
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Volume
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34,990
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kr52.00
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kr24.40

Latest Key Developments (Source: Significant Developments)

Awilco Drilling: New CEO, Rig Newbuilding, Private Placement
Friday, 8 Mar 2019 

March 8 (Reuters) - Awilco Drilling PLC ::REG-AWILCO DRILLING PLC: AWILCO DRILLING CONTINUES TRANSFORMATION WITH APPOINTMENT OF NEW CEO, DECLARATION OF RIG NEWBUILDING OPTION AND CONTEMPLATED PRIVATE PLACEMENT.ANNOUNCE THAT JENS BERGE HAS BEEN APPOINTED CHIEF EXECUTIVE OFFICER.MR BERGE WILL SUCCEED JON OLIVER BRYCE AS CEO.AWILCO RIG 2 PTE. LTD. HAS DECLARED ITS OPTION WITH KEPPEL FELS SHIPYARD IN SINGAPORE FOR BUILDING OF ONE NEW CS60 ECO MW SEMI-SUBMERSIBLE DRILLING RIG.COST FOR RIG DELIVERED FROM YARD IN SINGAPORE IS APPROXIMATELY USD 425 MILLION.RIG DELIVERY IS PLANNED FOR MARCH 2022.IS CONTEMPLATING A PRIVATE PLACEMENT OF NEW SHARES WITH GROSS PROCEEDS UP TO APPROXIMATELY USD 20 MILLION.IS CONTEMPLATING PRIVATE PLACEMENT DIRECTED TOWARDS NORWEGIAN AND INTERNATIONAL INVESTORS.SUBSCRIPTION PRICE WILL BE FIXED AT NOK 31.80 PER SHARE.WILL ENTER INTO SHARE LENDING DEAL WITH AWILHELMSEN OFFSHORE AS IN ORDER TO FACILITATE DELIVERY OF SHARES ALLOCATED IN PRIVATE PLACEMENT.PRIVATE PLACEMENT WILL BE SETTLED WITH EXISTING AND UNENCUMBERED SHARES IN CO THAT ARE ALREADY LISTED ON OSLO BØRS.SUBJECT TO COMPLETION OF PRIVATE PLACEMENT, INTENDS TO CARRY OUT SUBSEQUENT OFFERING OF NEW SHARES.SUBSEQUENT OFFERING WILL BE DIRECTED TOWARDS SHAREHOLDERS IN CO.SUBSCRIPTION PRICE IN SUBSEQUENT OFFERING WILL BE EQUAL TO SUBSCRIPTION PRICE IN PRIVATE PLACEMENT.  Full Article

Awilco Drilling Q4 Operating Result Turns To Loss Of $23.5 Million
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - Awilco Drilling PLC ::Q4 CONTRACT REV $10.2 MILLION VERSUS $33.5 MILLION YEAR AGO.Q4 OPERATING LOSS $23.5 MILLION VERSUS PROFIT $20.6 MILLION YEAR AGO.IN Q4 INCURRED AN IMPAIRMENT CHARGE OF USD 25 MILLION, DUE TO THE CONTINUED COLD STACK STATUS AND LACK OF VISIBILITY OF CONTRACTING OPPORTUNITIES IN THE NEAR TERM FOR THE WILHUNTER.  Full Article

Awilco Drilling Q3 Net Loss Of USD 10.2 Million
Tuesday, 13 Nov 2018 

Nov 13 (Reuters) - Awilco Drilling PLC ::Q3 CONTRACT REVENUE OF USD 3.2 MILLION (USD 9.0 MILLION IN Q2).Q3 EBITDA USD 6.5 MILLION LOSS (USD 1.9 MILLION LOSS IN Q2).CONTRACT UTILISATION WAS 12.8% DURING Q3 (13.9% IN Q2)..Q3 NET LOSS OF USD 10.2 MILLION (USD 7.6 MILLION LOSS IN Q2)..  Full Article

Awilco Drilling Shares Admitted To Listing On Oslo Børs
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Awilco Drilling PLC ::OSLO BØRS HAS RESOLVED TO ADMIT SHARES IN AWILCO DRILLING PLC TO LISTING ON OSLO BØRS.  Full Article

Awilco Drilling: LoA With Alpha Petroleum To Start In Late Q3 2018​
Monday, 27 Nov 2017 

Nov 27 (Reuters) - AWILCO DRILLING PLC ::REG-AWDR - UPDATE ON LETTER OF AWARD WITH ALPHA PETROLEUM.‍LETTER OF AWARD REMAINS IN PLACE WITH START DATE OF LATE Q3 2018​.  Full Article

Awilco Drilling Q3 EBIT down at $‍16.9​ MILLION
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - AWILCO DRILLING PLC ::Q3 REVENUE $32.4​ MILLION VERSUS $35.7 MILLION YEAR AGO.Q3 EBIT $‍16.9​ MILLION VERSUS $21.8 MILLION YEAR AGO.‍APPROVED A DIVIDEND DISTRIBUTION PAYABLE IN Q4 2017 OF USD 0.20 PER SHARE.​.‍CONTRACT BACKLOG AT END OF Q3 WAS APPROXIMATELY USD 76 MILLION​.  Full Article