Awilco Drilling PLC

Awilco Drilling PLC: Awilco Drilling Reports Q4 2021 results

Awilco Drilling PLC reports contract revenue of USD 1.0 million (USD 7.4 million

Q3), EBITDA loss of USD 7.8 million (USD 3.1 million loss in Q3) and a net loss

of USD 50.7 million, (USD 4.6 million loss in Q3). Net loss includes impairment

of USD 31.0 million.

Revenue efficiency was 90.1% during the quarter (97.4% in Q3).

Operational uptime was 100% during the quarter (99.9% in Q3).

Please see attached for the Q4 2021 report.

A digital presentation will be held on 1 March 2022 at 11:00 UK time (12:00pm

CET / 06:00 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.

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