Awilco Drilling PLC - Earnings Release 2020

Awilco Drilling PLC: Awilco Drilling Reports Q2 2020 Results

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 (http://www.awilcodrilling.com) prior to the meeting.

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

To join the digital meeting, please click this link (https://bit.ly/AWDR-Q2-

2020) or copy and paste the following address into your browser:

https://bit.ly/AWDR-Q2-2020

(https://eur01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fbit.ly%2FAWDR

-Q2-

2020&data=02%7C01%7Cchaavind%40awilhelmsen.no%7Cac5faa4642c14a85872208d83d34b173

%7C13406330ee5743ad9fa7ea6e572899d4%7C0%7C0%7C637326643819926146&sdata=1xl2C28F7

Dl2IVftci8TQLlviM74QEmxIa7sn4VKCNQ%3D&reserved=0)

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.

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