Awilco Drilling PLC (OTCPK:AWLCF)

$ 1.97 0 (0%) Market Cap: 29.11 Mil Enterprise Value: 26.92 Mil PE Ratio: 9,999.00 PB Ratio: 0 GF Score: 67/100

Q2 2023 Awilco Drilling PLC Earnings Call Transcript

Aug 31, 2023 / 12:00PM GMT

Release Date Price: $0.56

Transcript

Eric D. Jacobs

Awilco Drilling PLC - CEO

Afternoon. Welcome to the half year or presentation of Awilco Drilling for 2023. The agenda today will be -- we'll go through main events, the half year 2023 results, give you an update on the arbitration and then a short summary, and then we will take some Q&A.

So the main events is that the recycling of the WilHunter rig was successfully completed. The tribunal decision ruling received resulting in an adverse award for Awilco Rig 1 Pte happened. We also concluded our short-term shareholder loan facility with Awilhelmsen Offshore and then later redeemed in July. Then preparations for and participation in the remaining arbitration case against Keppel. We also successfully completed raising $8.1 million through replace -- Private Placement. And subsequent offering of then 400 -- or $0.4 million is ongoing. And the subscription period in the subsequent offering ends at 16:30 Central Eastern Time on the 5th of September. The half year results -- Anne-Marie, are you there? Could you give some flavor to this? Something happened there. 1 -- bear with me 1

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