NorAm Drilling says September rig utilization hits 99%

• NorAm Drilling reported 11 of 11 rigs employed in September, driving 99% rig utilization.
• October 8 update showed 100% of available rig days for October contracted.
• Contracted backlog stood at USD 27 million as of October 8.
• Monthly cash distribution set at about USD 2 million, or USD 0.045 per share, based on September free cash flow.

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 October 08, 2026, and is solely responsible for the information contained therein.