Awilco Drilling PLC (OTCPK:AWLCF)

$ 1.97 0 (0%) Market Cap: 29.11 Mil Enterprise Value: 27.26 Mil PE Ratio: 9,999.00 PB Ratio: 0 GF Score: 67/100

Q1 2019 Awilco Drilling PLC Earnings Call Transcript

May 15, 2019 / 12:30PM GMT

Release Date Price: $340 (-1.45%)

Transcript

Operator

Hello, and welcome to the Awilco Drilling PLC's First Quarter Presentation. My name is Verna, and I will be your coordinator for today's event. (Operator Instructions)

I am now handing you over to your host, Mr. Jens Berge to begin today's conference. Thank you.

Jens Berge

Awilco Drilling PLC - Former CEO

Okay. Thank you. So my name is Jens Berge, I'm the CEO of Awilco Drilling PLC. With me, I have Ian Wilson, CFO. So we will go through the same presentation material that we used in the Q1 presentation this morning, and you can follow the slides from there.

The agenda we will go through today is having a brief look at highlights. We will go through the Q1 financial results, where after we will do an operational update, a newbuild update, the market outlook and then we'll go to a quick summary before we open up for Q&A.

On the highlights from Q1 and some more recent ones, we have announced the option for the second newbuild, which was exercised on 8th of March. We also had an equity issue of $20 million.

(technical

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