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AWLCF - Awilco Drilling: A Look At Q1 2019 Results
Awilco Drilling plc
Awilco Drilling (AWLCF) has just reported its first quarter results. The company presents an interesting case in the offshore drilling space as the majority of its value lies in two newbuild orders set to be delivered in March 2021 and March 2022. This fact has mostly protected the company’s shares from downside that was recently seen in many offshore drilling shares. So, how is the company doing financially?
Awilco has reported revenues of $9.1 million and a net loss of $2.4 million. The company has only one working rig, the semi-sub WilPhoenix, while