FilingReader Intelligence
NorAm Drilling declares $1.5m monthly cash distribution
July 17, 2025 at 04:54 PM UTC•By FilingReader AI
NorAm Drilling AS achieved 82% rig utilization in June 2025, with 9 of its 11 rigs employed. As of July 15, 79% of available rig days in July are contracted, with a contracted backlog beyond July of approximately $16.9 million.
The company's board approved a monthly cash distribution of approximately $1.5 million, equaling $0.035 per share. The ex-date is July 22, 2025, with payment expected around July 30.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
OSL:NORAM•Oslo Stock Exchange
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