NorAm Drilling declares USD 0.045 per-share monthly cash distribution for August free cash flow

Reuters2026/09/14 06:59

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NorAm Drilling reported 99% rig utilization in August 2026, with 11 of 11 rigs working.
Contracted 100% of available rig days for September as of Sept. 10, with backlog beyond September of about USD 25.8 million.
Board set a monthly cash distribution of about USD 2 million from August free cash flow, equal to USD 0.045 per share.
Distribution timetable: last day with entitlement Sept. 17; ex-date Sept. 18; record date Sept. 21; payment around Sept. 25.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NorAm Drilling AS published the original content used to generate this news brief on September 14, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NorAm Drilling declares USD 0.045 per-share monthly cash distribution for August free cash flow

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