https://e24.no/energi-og-klima/i/abm65a/oljeselskaper-i-milliardfusjon-i-usa

Her kom muligens bakgrunnen for at den ene riggen forventes å gå i opplag i mars.

Lykkelige eiere får påfyll


Key information:

Distribution amount: USD 0.05 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be distributed in NOK
Date of approval: February 8, 2024
Last day including right: February 12, 2024
Ex-date: February 13, 2024


Dette mener jeg blir bra og vil styrke NorAm

https://www.dn.no/dn-ekspress/energi/olje/skiferolje/storoppkjop-i-den-amerikanske-olje-og-gassektoren/2-1-1596925

De to amerikanske olje- og gasselskapene Diamondback Energy og Endeavor Energy Resources har inngått en fusjonsavtale, der Diamondback står som kjøper, bekrefter selskapene i en melding mandag ettermiddag norsk tid.

Avtalen har en transaksjonsverdi på rundt 26 milliarder dollar.

Endeavor, med den 85-år gamle oljelegenden Autry Stephens i spissen, har konsolidert Permian-feltene i Texas. Dette er er USAs største skiferoljebasseng. Diamondback har vært en av de raskest voksende skiferoljeproudusentene.

Joda, kjøp i sektoren for tiden. Men på hvilken måte mener du denne vil bli bra og styrke NorAm?

Ser på rapporten fra 2023
Det svinger litt i verden, -23 var vesentlig bedre enn -22


NorAm had revenue of MUSD 118.3 during the twelve months ended December 2023 compared to MUSD 95.4 during the twelve months ended December 2022.
We generated an operating profit of MUSD 22.1 during the twelve months ended December 2023 compared to MUSD 6.9
during the twelve months ended December 2022.
We generated Adjusted EBITDA of MUSD 41.5 during the twelve months ended December 2023 compared to MUSD 26.2 during the
twelve months ended December 2022.
The increases in revenue, operating profit and Adjusted EBITDA were the primarily the result of higher dayrates and higher utilization.
Net cashflow from operational activities increased to MUSD 46.5 for the twelve months ended December 2023
from MUSD 16.0 for the twelve months ended December 2022.

Q4-23

With our industry low-cost base and zero debt, we continue to return capital to shareholders despite market headwinds and this demonstrates the strength of our unique model.
We paid MUSD 5.3 or NOK 1.32 per share in monthly dividends in the quarter and have declared two additional dividends after quarter end.

We paid MUSD 42.5 or NOK 10.35 per share in monthly dividends to our shareholders in the twelve months ended December 2023.

Our rigs are among the very top performers measured in feet drilled per day in the US shale market,
and NorAm should be well positioned for getting the idle rigs back to work in a market recovery.

07.03.2024 16:45:45: NorAm Drilling AS - Monthly rig update and key information relating to the cash distribution for March 2024


Oslo, Norway, March 7, 2024

Commercial update:

In February 2024, the Company's 11 drilling rigs achieved an average operating
day rate of approximately USD 26,400 and rig utilization was 90%.

As of March 7, 2024, approximately 82% of available rig days in March are
contracted at an average operating day rate of approximately USD 26,400. The
contracted backlog beyond March is approximately USD 23.2 million with an
average daily operating rate of approximately USD 26,700.

Currently 10 of 11 rigs are contracted and working. We anticipate two rigs
currently working will be released in March 2024 as a result of operator merger
and consolidation and have started actively marketing these rigs. We will keep
idle rigs warm and expect activity to pick up later in 2024.

Cash distribution:

The Board of Directors approved today a monthly cash distribution of
approximately USD 2.2 million for March 2024. The distribution will be made from
the Company's Contributed Surplus account which consists of previously paid in
share premium transferred from the Company's Share Premium account.

Key information:

Distribution amount: USD 0.05 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be
distributed in NOK

Date of approval: March 7, 2024

Last day including right: March 11, 2024

Ex-date: March 12, 2024

Record date: March 13, 2024

Payment date: On or about March 18, 2024

For further queries, please contact:
Marius Furuly, Director of IR and Strategy
Tel: +47 90626191

About NorAm Drilling
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 is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.


www.noramdrilling.com
https://newsweb.oslobors.no/message/612948

Noen som vet verdien på en slik rig de eier 11 stykker av ?

Ny rigg koster 350 miill,

NorAm handler for tiden til en implisert pris pr. høykvalitetsrigg på omtrent 15 millioner dollar, godt under erstatningsverdi på omtrent 35 millioner dollar.

Riggverdiene burde priset aksjen i området 55 - 60 kroner. Hvorfor?
Selskapet har Null gjeld. Børsverdien er ca 1,6 MRD. Ny pris på deres 11 HighSpec-rigger er ca 3.850 MRD (ved 350 mill pr. rigg)
Riggene er brukt ja, innkjørt og er absolutt de meste effektive i hele Permian.

Selskapet generere cash hver dag, hver måned utbetales all ledig kapital til aksjonærene, en unik modell

Leser at Pareto fremdeles er Bull på denne

5,5 USD (ca 58 kroner)

Mens Noram er ned 6 prosent (justert for valutakurs og utbytte),
er dens større sammenlignbare selskap opp 10-40 prosent hittil i år", skriver meglerhuset.

Ser lovende ut i siste rapport

Nytt utbytte i april, rigg nummer 10 går på jobb neste uke
siste og nummer 11 jobbes det med og få i arbeid

Med alle sine 11 rigger i Permian, skiferoljens HotSpot i USA, ser det meget bra ut slik jeg ser fremtiden der

https://newsweb.oslobors.no/message/615527


Svak vekst i amerikansk skiferoljeproduksjon gjør at 85 til 95 dollar pr. fat fort blir den nye normalen.

xDet må borres MYE i Permian !!!

"Det fordufter nå 645.000 fat/dag/måned i såkalt legacy loss (tap i eksisterende produksjon).
Det tilsvarer 1/3 av Norges oljeproduksjon hver måned. Dette må erstattes med ny,
frisk skiferoljeproduksjon for at den totale produksjonen ikke skal falle.
Disse faktorene er til sammen årsaken til at EIA predikerer en mye lavere vekst frem til Q4-2024."


https://www.finansavisen.no/finans/2024/04/10/8112913/svak-vekst-i-amerikansk-skiferoljeproduksjon-gjor-at-85-til-95-dollar-pr.-fat-fort-blir-den-nye-normalen?internal_source=sistenytt

Det er bekymringsfullt at de åpenbart må selge seg billig for å sysselsette riggene. Ned fra 26400 til 25700 usd/d på aktive rigger, og backloggen har en dagrate på gjennomsnittlig 25000, ned fra 26700. Altså har de solgt inn varme rigger til "gi bort pris".

Gitt at konkurrenter opererer med rater over 30000 usd/d, og Noram hevder de har de beste og mest effektive "state of the art" riggene, så er det urovekkende.

Tror du er ganske alene ang bekymringer :-)
Estimatene blir revidert opp

Må se fremover, ikke bakover!

Det er i dag få muligheter til å nå dette forbruket / etterspørselen!!

Global oil demand to grow to 108 MMbpd by 2030 despite “peak oil” outlook

Det må borres og borres, letes igjen og igjen




https://www.worldoil.com/news/2024/4/9/global-oil-demand-to-grow-to-108-mmbpd-by-2030-despite-peak-oil-outlook-enverus-reports/

NORAM DRILLING AS - Ny nyhet i kategori ALL 10.06.2024 16:35




10.06.2024 16:35:05: NorAm Drilling AS - Monthly rig update and key information relating to the cash distribution for June 2024


Oslo, Norway, June 10, 2024

Commercial update:

In May 2024, the Company's 11 drilling rigs achieved an average operating day
rate of approximately USD 25,600 and rig utilization was 83%.

As of June 10, 2024, approximately 90% of available rig days in June are
contracted at an average operating day rate of approximately USD 25,600. The
contracted backlog beyond June is approximately USD 16.0 million with an average
daily operating rate of approximately USD 25,200.

Currently 10 of 11 rigs are contracted and working. We will continue to keep the
remaining idle rig warm and expect activity to pick up later in 2024.

Cash distribution:

The Board of Directors today approved a monthly cash distribution of
approximately USD 1.7 million for June 2024. The distribution will be made from
the Company's Contributed Surplus account which consists of previously paid in
share premium transferred from the Company's Share Premium account.

Key information:

Distribution amount: USD 0.04 per share

Declared currency: US$. Payment to shares registered with Euronext VPS will be
distributed in NOK

Date of approval: June 10, 2024

Last day including right: June 13, 2024

Ex-date: June 14, 2024

Record date: June 17, 2024

Payment date: On or about June 21, 2024

For further queries, please contact:
Marius Furuly, Director of IR and Strategy
Tel: +47 90626191

About NorAm Drilling
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 is debt free
and has industry leading operating margins. The Company has a full pay-out
dividend strategy, targeting frequent cash distributions in a profitable market.


www.noramdrilling.com
https://newsweb.oslobors.no/message/621108