Brief: Awilco Drilling Q4 operating result swings to loss $30.7 million

Awilco Drilling

11/02/2016 06:08

Feb 11 (Reuters) - Awilco Drilling Plc  AWDR.OL : 
    * Q4 operating loss $30.7 million versus profit $50.3 million year ago 
    * Q4 contract revenue $18.9 million versus $70.1 million year ago  
    * Contract backlog at end of Q4 was about $258 million (about $276 million Q3) 
    * Board approved a dividend distribution payable in Q1 2016 of $0.25 per share 
    * Current low oil prices are likely to push new drilling programmes further out in time and 
few new requirements are emerging 
    * Fleet of available units is likely to increase in 2016/17 
 
Source text for Eikon:  ID:nHUG1SqghN  
     
Further company coverage:  AWDR.OL  
 
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