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NorAm Drilling AS — Investor Relations & Filings

Ticker · NORAM ISIN · NO0010360019 LEI · 549300YA98I8QIPGWZ72 OL Mining and quarrying
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Filings indexed 294 across all filing types
Latest filing 2022-10-20 Director's Dealing
Country NO Norway
Listing OL NORAM

About NorAm Drilling AS

https://noramdrilling.com/

NorAm Drilling AS is an onshore drilling operator focused exclusively on the Permian Basin. The company owns and operates a fleet of 11 advanced, Ultra Super Spec drilling rigs. These rigs are engineered for high performance and have been fully upgraded with features such as walking systems and high racking capacity to maximize drilling efficiency. The company has a track record of drilling some of the longest wells in its operational area.

Recent filings

Filing Released Lang Actions
NorAm Drilling AS - PDMR Notifications
Director's Dealing Classification · 100% confidence The document text details a transaction involving shares by a person discharging managerial responsibilities (Marty Jimmerson, CEO). Specifically, it outlines the allocation of ordinary shares in a private placement directed towards management, including the price (NOK 40) and volume (52,450 shares) on a specific date (2022-10-20). This structure—reporting transactions by directors/executives—is characteristic of insider dealing reports. Among the provided definitions, 'Director's Dealing' (DIRS) is the most appropriate fit for reporting personal share transactions by company directors and executives.
2022-10-20 English
NorAm Drilling AS - PDMR Notifications
Share Issue/Capital Change Classification · 99% confidence The document is titled 'NorAm Drilling AS - PDMR Notifications' and details share subscriptions by persons discharging managerial responsibilities (Marty Jimmerson, Thomas Taylor, Steven Scott) following a resolution to issue new shares in a private placement. This directly relates to insider transactions by directors/executives. The filing type 'Director's Dealing' (DIRS) is the most appropriate fit for reporting personal share transactions by company directors and executives (insider trades). Although it mentions a share issuance (CAP/SHA), the core content is the notification of the resulting insider trades.
2022-10-20 English
NorAm Drilling AS – Resolution to increase share capital by contribution in-kind
Share Issue/Capital Change Classification · 99% confidence The document explicitly details a resolution by the Board of NorAm Drilling AS to increase the share capital by issuing new shares (78,676 new shares) as part of a private placement allocation to management. This action directly relates to changes in the company's capital structure and share count. This aligns perfectly with the definition of 'Share Issue/Capital Change' (SHA). Although insider transactions are mentioned, the primary focus and action is the capital increase itself.
2022-10-20 English
Noram Drilling AS – Monthly rig update
Earnings Release Classification · 99% confidence The document is a short update from Noram Drilling AS dated October 17, 2022, providing operational statistics (day rates, utilization) for September 2022 and forward-looking contract information. Crucially, it also details a significant financing event: the repayment of an $80 million bond loan scheduled for November 14, 2022, and the subsequent plan for monthly cash distributions starting in December 2022. This content directly relates to capital structure changes, financing activities, and future cash distribution plans. While it touches on operations, the core announcement revolves around debt repayment and the initiation of a dividend strategy. This aligns best with the 'Capital/Financing Update' (CAP) category, as it announces the successful completion of a financing step (private placement proceeds used for debt repayment) and the resulting capital structure change (becoming debt-free) leading to a new distribution policy. It is too specific for a general Regulatory Filing (RNS) and does not fit the criteria for an Earnings Release (ER) or Interim Report (IR) as it is not a comprehensive financial statement. Q3 2022
2022-10-17 English
Noram Drilling AS – Monthly rig update
Management Reports Classification · 95% confidence The document is titled 'Noram Drilling AS – Monthly rig update' and provides operational statistics (day rate, utilization) and liquidity updates (cash position, bond repayment plans) for September/October 2022. This content is a periodic operational and financial summary, but it is not a comprehensive annual report (10-K) or a full interim report (IR). It is too detailed for a simple Earnings Release (ER) which usually focuses only on headline P&L figures. Since it details operational performance and key financial movements (like debt repayment leading to a dividend strategy), it aligns best with a Management Discussion and Analysis (MDA) or a specialized operational update. Given the options, 'Management Reports' (MDA) is the most appropriate fit for a detailed operational and liquidity update provided by management outside of a formal quarterly/annual filing structure. It is not a presentation (IP) or a factsheet (FS).
2022-10-17 English
NorAm Drilling AS - Announcement of Stabilization
Share Issue/Capital Change Classification · 99% confidence The document is an announcement dated October 7, 2022, regarding 'Announcement of Stabilization' following a private placement and listing. It details the potential engagement in market stabilization activities by the Stabilization Manager (Pareto Securities AS) under the EU Market Abuse Regulation, involving buying and selling shares up to a specified limit (10% of Offer Shares) during a Stabilization Period. This announcement concerns activities related to the offering and trading of securities, specifically market stabilization measures post-issuance, which falls under financing or capital structure activities, but more specifically relates to the mechanics of the offering/listing process. Since it is an announcement about a specific financial/capital market activity (stabilization agreement, put option granted by a major shareholder, compliance with MAR/Delegated Regulation), it best fits the 'Capital/Financing Update' category (CAP) as it directly relates to supporting the share price post-listing/placement. It is not a full report (10-K, IR), an earnings release (ER), or a general regulatory filing (RNS), but a specific announcement about capital market support mechanisms.
2022-10-07 English

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