6 October 2022
The attached information document (the “Information Document”) has been prepared by NorAm Drilling AS (the “Company” or NorAm”) solely for the use in connection with the admission to trading of all its shares on Euronext Growth Oslo (“Euronext Growth”). The Information Document has also been made available on the Company’s website at https://noramdrilling.com/.
First day of trading in the Company’s shares on Euronext Growth will commence tomorrow, 7 October 2022.
Fearnley Securities AS and Pareto Securities AS are acting as joint global coordinators and joint bookrunners in connection with the Private Placement (the “Managers”) and as Euronext Growth Advisors in relation to the Listing. Advokatfirmaet Schjødt AS is acting as legal advisor to the Company in the Private Placement and Listing. Ro Sommernes Advokatfirma DA is acting as legal advisor to the Managers in connection with the Private Placement and Listing.
NorAm Drilling owns and operates a portfolio of eleven advanced drilling rigs upgraded to maximize drilling efficiency in the Permian Basin in Texas, which is the largest oil producing region in North America. NorAm Drilling has industry leading operating margins, and will be virtually debt free. The company will have a full pay-out dividend strategy, targeting frequent cash distributions in a raising market.
NorAm Drilling has in its 15-year history established a solid foothold in US drilling market, with significant operating experience in Louisiana, New Mexico and Oklahoma but is now primarily focusing on the Permian Basin in Texas, where approximately 60% of the proven reserves in the U.S. are located. For more information visit www.noramdrilling.com.
6 October 2022