Awilco Drilling PLC

Awilco Drilling PLC: Awilco Drilling Reports Q3 2019 Results

Awilco Drilling PLC reported contract revenue of USD 10.3 million (USD 10.4

million in Q2), EBITDA USD 2.6 million (USD 2.5 million in Q2) and net loss of

USD 0.9 million (USD 0.4 million loss in Q2).

Revenue efficiency was 96.2% during the quarter (90.5 % in Q2).

Operational uptime was 100% during the quarter (95.9% in Q2).

Contract utilisation was 50.0% during the quarter, (50 % in Q2).

Contract backlog at the end of Q3 was approximately USD 7.0 million

(approximately USD 14.3 million Q2).

Please see attached for the Q3 2019 report.

A quarterly presentation will be held today, 12 November 2019, at 10:30 CEST in

Awilhelmsen's offices at Beddingen 8, Aker Brygge, Oslo, Norway.

A conference call will be held today, on 12 November 2019, at 14:00 UK time

(15:00pm CEST / 09:00 EDT). The presentation will be available for download at

www.awilcodrilling.com (http://www.awilcodrilling.com) (go to "Press Releases")

prior to the call. There will be a Q&A session after the presentation.

Click this link

(https://event.loopup.com/SelfRegistration/registration.aspx?booking=tR6daGBSYOp

39WLqoMrgxbsFLA4T8EF8vkrQr7n34mE=) to register for the conference call or copy

and paste the following address into your browser:

https://event.loopup.com/SelfRegistration/registration.aspx?booking=tR6daGBSYOp3

9WLqoMrgxbsFLA4T8EF8vkrQr7n34mE=

Once registered, you will receive an email with dial-in numbers and pins.

Aberdeen, 12 November 2019

For further information please contact:

Jens Berge, CEO

Phone: +44 1224 737900

Cathrine Haavind, Investor Relations

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.

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