Awilco Drilling PLC reported contract revenue of USD 6.4 million (nil Q1), EBITDA USD 1.5 million loss (USD 7.4 million loss in Q1) and a net loss of USD 4.6 million (USD 9.4 million loss in Q1).
Revenue efficiency was 100% during the quarter (nil in Q1).
Operational uptime was 100% during the quarter (nil in Q1).
Contract utilisation was 34.1% during the quarter (nil in Q1).
Contract backlog at the end of Q2 was approximately USD 19.4 million (USD 13.8 million Q1).
Please see attached for the Q2 2020 report.
A digital presentation will be held today, 12 August 2020, at 13:00 UK time (14:00pm CET / 08:00 EST). The presentation 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.
Aberdeen, 12 August 2020
For further information please contact:
Jens Berge, CEO
Phone: +44 1224 737900
Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.