AWDR - Update on Letter of Award with Alpha Petroleum

Reference is made to Awilco Drilling's press release of 21 September 2017. The Letter of Award with Alpha Petroleum Resources Limited remains in place with a start date of late Q3 2018. This gives Awilco Drilling the opportunity to seek infill work for the period between this programme and the end of the Apache contract (expected to be in Q2 2018). Consequently, the WilPhoenix is now actively marketed for summer 2018 work.

Aberdeen, 27 November 2017

For further information please contact:

Jon Oliver Bryce, CEO
Phone: +44 1224 737900

Cathrine Haavind, IR Manager
Phone: +47 93 42 84 64

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.