NorAm Drilling Company AS Norwegian OTC

NORAM

NO0010360019

Oil & Gas Drilling

End-of-day quote Norwegian OTC Other stock markets 06:00:00 2022-10-06 pm EDT			5-day change	1st Jan Change
43.9 ^NOK	+9.75%		+9.75%	+387.78%

Apr. 10	Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024	CI
Mar. 07	Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024	CI

Noram Drilling Company as Reports Earnings Results for the First Quarter Ended March 31, 2020

May 27, 2020 at 03:44 pm EDT

NorAm Drilling Company AS announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced total revenue was USD 21.009 million compared to USD 20.073 million a year ago. Operating loss was USD 141,000 compared to operating Income of USD 2.921 million a year ago. Net loss was USD 2.316 million compared to net income of USD 580,000 a year ago.

Latest news about NorAm Drilling Company AS

Noram Drilling as Approves Cash Dividend for April 2024, Payable on or About April 22, 2024	Apr. 10	CI
Noram Drilling as Approves Monthly Cash Distribution for March 2024, Payable on March 18, 2024	Mar. 07	CI
NorAm Drilling AS Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023	Feb. 22	CI
Noram Drilling AS Announces Cash Distribution for February 2024, Payable on or About February 19, 2024	Feb. 08	CI
Noram Drilling as Approves Monthly Cash Distribution for January 2024, Payable on or About January 22, 2024	Jan. 09	CI
NorAm Drilling AS Approves Monthly Cash Distribution for December 2023, Payable on or About December 18, 2023	Dec. 07	CI
NorAm Drilling AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	Nov. 14	CI
Noram Drilling AS Approves Monthly Cash Distribution	Nov. 08	CI
NorAm Drilling AS Approves Monthly Cash Distribution for October 2023, Payable on or About October 20, 2023	23-10-10	CI
NorAm Drilling AS Announces Cash Distribution for September 2023, Payable on or About September 22, 2023	23-09-12	CI
NorAm Drilling AS Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-22	CI
NorAm Drilling AS Approves Cash Distribution for August 2023, Payable on or About August 18, 2023	23-08-08	CI
NorAm Drilling AS Approves Cash Distribution for July 2023, Payable On or about July 21, 2023	23-07-10	CI
NorAm Drilling AS Approves Monthly Cash Distribution for June 2023, Payment Date of on or About June 16, 2023	23-06-07	CI
NorAm Drilling AS Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-23	CI
Noram Drilling AS Approves Cash Distribution for May 2023, Payable on May 19, 2023	23-05-08	CI
NorAm Drilling AS Approves Monthly Cash Distribution for April 2023, Payable on or About April 21, 2023	23-04-11	CI
Certain Ordinary Shares of NorAm Drilling AS are subject to a Lock-Up Agreement Ending on 23-MAR-2023.	23-03-22	CI
NorAm Drilling AS Reports Earnings Results for the Fourth Quarter Ended December 31, 2022	23-02-20	CI
NorAm Drilling AS Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-20	CI
Noram Drilling AS Approves a Monthly Cash Distribution, Payable on or about February 17, 2023	23-02-07	CI
NorAm Drilling AS Approves Monthly Cash Distribution, Payable on or About January 20, 2023	23-01-09	CI
NorAm Drilling AS Approves Initial Monthly Cash Distribution, Payable on or About December 16, 2022	22-12-05	CI
NorAm Drilling AS Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022	22-11-21	CI
Norway's NorAm Drilling Partially Exercises Brownshoe Option To Sell Shares Under Private Placement	22-11-07	MT

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Company Profile

Noram Drilling AS, formerly NorAm Drilling Company AS, is a Norway-based drilling operator. The Company owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the biggest oil producing region in North America. These rigs are designed to combine the cost efficiency of a compact rig with the versatility of different rig classes, enabling the rigs to cover a broad range of wells for both liquids and gas. NorAm focuses solely on the US land drilling market and has established a solid foothold in the lower US, with operating experience in Louisiana, New Mexico, Oklahoma and Texas. All eleven rigs are operating in Texas in the Permian Basin.

Sector

Oil & Gas Drilling

Calendar

2024-05-28 - Q1 2024 Earnings Release (Projected)

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Ratings for NorAm Drilling Company AS

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Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

39.15 NOK

Average target price

56 NOK

Spread / Average Target

+43.04%

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Other Oil & Gas Drilling

NorAm Drilling Company AS Norwegian OTC

Equities

NORAM

NO0010360019

Oil & Gas Drilling

Noram Drilling Company as Reports Earnings Results for the First Quarter Ended March 31, 2020

EPS Revisions