NorAm Drilling AS

Director's Dealing • Nov 28, 2024

NorAm Drilling AS – Mandatory Notification of Trade by Primary Insider

NorAm Drilling AS – Mandatory Notification of Trade by Primary Insider

Oslo, Norway, 28 November, 2024

NorAm Drilling AS today received a trade notification that Ole B. Hjertaker (through Splendini AS), chair of the Company’s board of directors, has on 28 November, 2024 acquired a total of 30,000 shares in NorAm Drilling AS at a price of NOK 31.9967 per share. Following the transaction, Ole B. Hjertaker through Splendini AS holds a total of 223,138 shares in the Company.

The notification concerning acquisition of shares is attached hereto.

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

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