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Awilco Drilling PLC (AWDR.OL)

AWDR.OL on Oslo Stock Exchange

30.40NOK
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Open
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kr30.40
Volume
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kr52.00
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Latest Key Developments (Source: Significant Developments)

Awilco Drilling Suspends Dividend Despite Market Improvement
Wednesday, 15 Aug 2018 

Aug 15 (Reuters) - Awilco Drilling PLC ::REPORTED CONTRACT REVENUE OF USD 9.0 MILLION (USD 34.1 MILLION IN Q1).Q2 EBITDA USD 1.9 MILLION LOSS (USD 24.0 MILLION PROFIT IN Q1).CONTRACT BACKLOG AT END OF Q2 WAS APPROXIMATELY USD 44.2 MILLION (APPROXIMATELY USD 7.6 MILLION END OF Q1).BOARD OF DIRECTORS HAS, THEREFORE, DECIDED TO SUSPEND DIVIDEND AND WILL RESUME SAME WHEN COMPANY AGAIN REACHES AN APPROPRIATE FREE CASH FLOW SITUATION.Q2 CONTRACT UTILISATION WAS 13.9% DURING QUARTER (50% IN Q1)..IN THE NORWEGIAN MARKET FOR MODERN HIGH-END SEMI SUBMERSIBLES ADDITIONAL NEW FIXTURES HAVE MATERIALIZED WITH LEADING EDGE DAYRATES NOW ABOVE USD 300,000 PER DAY.FURTHER LONG TERM DEMAND DEVELOPMENT IS ANTICIPATED, UNDERPINNING THE CURRENT POSITIVE IMPACT SEEN ON CONTRACT UTILIZATION AND DAYRATES IN THAT SEGMENT.AWILCO DRILLING ABOUT UK RIG MARKET: WE SEE SOME INCREASED ACTIVITY ON THE BACK OF A ROBUST OIL PRICE AND IN COMBINATION WITH EXPECTED ATTRITION, UTILISATION IS EXPECTED TO IMPROVE BUT REMAIN SEASONAL ALSO GOING INTO 2020.  Full Article

Awilco Drilling Signs Contract With Shell
Friday, 18 May 2018 

May 18 (Reuters) - AWILCO DRILLING PLC ::REG-AWILCO DRILLING PLC: CONTRACT SIGNED WITH SHELL.CONTRACT VALUE FOR FIRM TERM IS ESTIMATED AT USD 38.3 MILLION..FIRM 18 WELL PROGRAM HAS AN ESTIMATED DURATION OF 330 DAYS AND IS SCHEDULED TO COMMENCE AROUND 1 SEPTEMBER 2018.  Full Article

Awilco Drilling pays Q2 dividend of $0.2 per share
Wednesday, 9 May 2018 

May 9 (Reuters) - Rig firm Awilco Drilling PLC ::CONTRACT REVENUE OF USD 34.1 MILLION (USD 33.9 MILLION IN Q4 2017.Q1 EBITDA USD 24.0 MILLION (USD 24.5 MILLION IN Q4 2017).Q1 NET PROFIT OF USD 19.1 MILLION (USD 16.9 MILLION LOSS IN Q4 2017).BOARD APPROVED A DIVIDEND DISTRIBUTION PAYABLE IN Q2 2018 OF USD 0.20 PER SHARE.SEES LIMITED FURTHER OPPORTUNITIES IN THE UK IN 2018 BUT ENQUIRIES SUGGEST THAT DEMAND IN 2019 WILL BE INCREMENTALLY HIGHER THAN THIS YEAR.  Full Article

Keppel Corporation Says ‍Keppel FELS Gets Contract From Awilco To Build Rig Worth $425 Mln
Sunday, 11 Mar 2018 

March 11 (Reuters) - Keppel Corporation Ltd ::‍KEPPEL FELS SECURED CONTRACT FROM AWILCO TO CONSTRUCT DRILLING RIG WORTH ABOUT US$425 MILLION, SCHEDULED FOR COMPLETION IN Q1 2021​.  Full Article

Awilco Drilling ‍Intends To Carry Out A Subsequent Offering
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - AWILCO DRILLING PLC <0Q2K.L>::‍INTENDS TO CARRY OUT A SUBSEQUENT OFFERING OF UP TO 1,400,000 NEW SHARES IN COMPANY​.‍SUBSCRIPTION PRICE IN SUBSEQUENT OFFERING IS NOK 29 PER OFFER SHARE​.  Full Article

Akastor firm in advanced talks with Awilco Drilling over contract
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Akastor ::AKASTOR ASA: MHWIRTH IN ADVANCED DISCUSSIONS FOR DRILLING EQUIPMENT PACKAGE‍.AWILCO DRILLING <<<0Q2K.L>>>HAS ANNOUNCED TODAY THAT IT IS IN NEGOTIATIONS FOR CONSTRUCTION OF A NEW SEMISUBMERSIBLE DRILLING RIG, WHICH IS INTENDED TO BE USED FOR NORTH SEA OPERATIONS​.‍MHWIRTH AS, A COMPANY OWNED BY AKASTOR ASA, HAS BEEN SELECTED BY AWILCO DRILLING PLC FOR DELIVERY OF DRILLING EQUIPMENT PACKAGE, WITH OPTIONS FOR FURTHER THREE PACKAGES.‍.COMPANY WILL REVERT WITH FURTHER DETAILS SHOULD ADVANCED DISCUSSIONS LEAD TO A FINAL DRILLING EQUIPMENT CONTRACT BEING ENTERED INTO WITH MHWIRTH.​​.  Full Article

Awilco Drilling Q4 Contract Revenue Up At USD 33.9 Million
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - AWILCO DRILLING PLC <0Q2K.L>::Q4 CONTRACT REVENUE OF USD 33.9 MILLION (USD 32.4 MILLION IN Q3).Q4 EBITDA LOSS OF USD 20.5 MILLION (USD 20.9 MILLION PROFIT IN Q3).BOARD APPROVED A DIVIDEND DISTRIBUTION PAYABLE IN Q1 2018 OF USD 0.20 PER SHARE.  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

Awilco Drilling accepts LOA from Alpha Petroleum
Thursday, 21 Sep 2017 

Sept 21 (Reuters) - AWILCO DRILLING PLC ::REG-AWDR - LETTER OF AWARD (LOA) ACCEPTED FROM ALPHA PETROLEUM.‍ACCEPTED LOA FROM ALPHA PETROLEUM RESOURCES TO DRILL 18 DEVELOPMENT WELLS ON CHEVIOT FIELD IN NORTHERN NORTH SEA​.‍MINIMUM CONTRACT VALUE FOR FIRM TERM IS ESTIMATED AT USD 126 MILLION​.  Full Article