Awilco Drilling PLC

0AI1

Equity

ISIN NO0012785098 / Valor 123857651

Deutsche Boerse AG (2025-05-30)

EUR 0.086-0.78%

Awilco Drilling PLC
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About company

Awilco Drilling PLC is a UK-based company that provides offshore drilling services to the oil and gas industry.

Summarized from source with an LLMView SourceSector: Energy

Financial Performance

In H1 2023, Awilco Drilling recorded a net loss of USD 11.1 million, with no contract revenue. Operating expenses amounted to USD 11.2 million, primarily driven by general and administrative costs.

Funding and Capital Raising

The company successfully raised USD 8.1 million through a private placement, issuing 9,680,040 Offer Shares at NOK 9 each. The proceeds are allocated to finance the remaining arbitration against Keppel FELS Limited.

Shareholder Loan and Financial Position

A further short-term shareholder loan facility with Awilhelmsen Offshore AS was secured and redeemed in July. As of June 30, 2023, Awilco Drilling held USD 2.5 million in cash and cash equivalents.

Arbitration Proceedings

Awilco Drilling is preparing for and participating in the remaining arbitration case against Keppel FELS. The outcome is expected by Q4 2023 or Q1 2024, with a contingent asset of USD 43.0 million disclosed.

Share Capital Adjustments

In July 2023, the company reduced the nominal value of each share from GBP 0.65 to GBP 0.02 and issued warrants to private placement subscribers, allowing them to subscribe for additional shares at NOK 1 per SNDR.

Summarized from source with an LLMView Source

Key figures

-95.1%1Y

%3Y

%5Y

Performance

420%1Y

379%3Y

379%5Y

Volatility