Aberdeen, 14th of March 2023
Reference is made to the stock exchange notice from Awilco Drilling PLC ("Awilco Drilling" or the "Company") (Euronext Growth: AWDR) published on 22nd of December 2022 and the Q2 2022 Presentation of 9th August 2022.
The Company advises that proceedings in the Rig 1 arbitration process completed on 13th January 2023 and the parties now await the judgement of the tribunal. Award on this arbitration case is still anticipated in Q2 2023.
The Company also advises that the Tribunal has ordered additional hearing days in the Rig 2 arbitration case, whereby the proceedings in that process are not now expected to complete before Q3 2022. As a consequence of these additional hearing days, and the extensive increase in expert witness evidence and necessary further input from legal advisers, the Company identifies that additional funding will be required. The Company estimates that in addition to the USD 2.0 million planned raised through the announced subsequent offering, a further requirement is forecasted in the region of USD 5 million to enable Awilco Rig 2 Pte. Ltd to pursue the arbitration case to a conclusion. Further funding is expected needed by May 2023. Award on this arbitration case is now anticipated in Q4 2023 or Q1 2024.
Awilhelmsen Offshore AS and QVT Family Office Fund LP remain committed to enable Awilco Rig 1 Pte. Ltd and Awilco Rig 2 Pte. Ltd to pursue the arbitration cases to their conclusion.
For further information please contact:
Eric Jacobs, CEO of Awilco Drilling
Tel: +44 1224 737900
Cathrine Haavind, Investor Relations of Awilco Drilling
Tel: +47 93 42 84 64
Email: ch@awilcodrilling.com
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
香港仔,14歲這是2023年3月的
請參閱Awilco Drilling PLC(“Awilco Drilling”或“Company”)(Euronext Growth:AWDR)於22日發佈的證券交易所公告發送2022年12月和2022年第二季度的這是2022年8月。
該公司通知說,第1號鑽井平臺仲裁程式於13日完成。這是2023年1月,雙方現在等待法庭的判決。預計2023年第二季度仍將對這一仲裁案件做出裁決。
本公司亦告知,審裁處已下令就第2號鑽井平臺仲裁案件增加聆訊天數,因此,預計該程式不會於2022年第三季度前完成。由於這些額外的聽證天數,以及專家證人證據的廣泛增加和法律顧問的必要進一步投入,本公司確定將需要額外的資金。該公司估計,除了計劃通過宣佈的後續發行籌集200萬美元外,預計還需要500萬美元左右的資金,以實現Awilco 2號鑽井平臺的運營。有限公司繼續追查這起仲裁案,以求得出結論。預計到2023年5月,還需要進一步的資金。現在預計將在2023年第四季度或2024年第一季度對此仲裁案件做出裁決。
Awilhelmsen Offshore AS和QVT Family Office Fund LP仍致力於啟用Awilco Rig 1 Pte。LTD和Awilco Rig 2 Pte.有限公司對仲裁案件進行追查,直至結案。
欲瞭解更多資訊,請聯繫:
埃裡克·雅各布斯,Awilco Drilling首席執行官
電話:+441224 737900
Awilco Drilling的投資者關係凱瑟琳·哈文德
電話:+47 93 42 84 64
電子郵件:ch@awilcodrilling.com
此資訊受《挪威證券交易法》第5-12條規定的披露要求的約束。