Borr Drilling Ltd. is pleased to announce it has secured a Letter of Award for the premium jack-up drilling rig "Mist" from an undisclosed operator in Southeast Asia. The program is expected to commence in November 2021 with a duration of seven months plus options. The net start-up cash cost for the rig is expected to be $1.75 million. This LOA, which is expected to be converted into a contract shortly, will increase the [...]
Please find enclosed the presentation of Borr Drilling Ltd.'s second quarter 2021 results to be held on the webcast/conference call at 15:00 CET on August 31, 2021. In order to listen to the presentation, you may do one of the following: a) Webcast Please use the following link: www.incommuk.com/customers/online with access code: 481367 b) Conference Call Dial in details, Participants: Conference ID: 481367 Norway, Oslo [...]
Borr Drilling Ltd. announces preliminary unaudited results for the three and six months ended June 30, 2021. Highlights second quarter of 2021 Total operating revenues of $54.8 million, an increase of 13% compared to the first quarter of 2021 Net loss of $59.9 million, an increase of $5.5 million compared the first quarter of 2021, impacted by a $21.7 million decrease in income from equity method investments, mainly [...]
The board of directors of Borr Drilling Ltd. has resolved to grant 10,300,000 share options under the Company's approved share option scheme to 23 of its employees, including two persons discharging managerial responsibilities as defined by the Market Abuse Regulation. Each share option gives the right to subscribe for one share in the Company. The options will have a strike price of $1.00 which compares to a current [...]
Borr Drilling Ltd. is pleased to announce it has secured a Letter of Award for the premium jack-up drilling rig "Gunnlod" from an undisclosed operator in Malaysia. The program is expected to commence in Q4 2021 in direct continuation of the rig's current contract with an approximate duration of 105 days. This LOA, which is expected to be converted into a contract shortly, will maintain the rig contracted over the monsoon [...]
Borr Drilling Ltd. is pleased to announce that it has received a Letter of Award from an international oil company for additional work in Mexico. The program is expected to commence in the second quarter of 2022 for a duration of approximately 150 days, adding revenues of USD 15.7 million. Forward looking statements: This press release includes forward looking statements, which do not reflect historical facts and may be [...]
Borr Drilling Ltd. has today received trade notification from the following person discharging managerial responsibilities : Kate Blankenship, Director of Borr Drilling, purchased 40,000 shares on NYSE at a price of USD 0.8325 per share. Following the purchase, Mrs. Blankenship, with close associates, owns 327,601 shares in the Company. July 12, 2021 Hamilton, Bermuda This information is subject to disclosure requirements [...]
Borr Drilling Ltd. has today received trade notifications from the following persons discharging managerial responsibilities : Paal Kibsgaard, Chairman of the Borr Drilling's Board of Directors has purchased 300,000 shares on NYSE at a price of 0.8003 per share. Following the purchase, Mr. Kibsgaard, with close associates, owns 1,112,500 shares in the Company. Neil Glass, Director of Borr Drilling has purchased 31,290 [...]
Borr Drilling Ltd. has today received trade notifications from the following persons discharging managerial responsibilities as defined by the Market Abuse Regulation in their capacity as directors and officers: Director and Vice Chairman Tor Olav Trøim has purchased 200,000 shares on NYSE at a price of USD 0.7938 per share. Following the purchase, Mr. Trøim and his affiliated parties represent an ownership of 17,757,269 [...]
Borr Drilling Ltd. and has today released an investor presentation enclosed to this release and on the Company's website www.borrdrilling.com The management of the Company will host a conference call and webcast in connection with the release of the presentation at 15:00 CET on Wednesday 7 July 2021. In order to listen to the presentation, you may do one of the following: a. Webcast Please use the following link [...]
Borr Drilling Ltd. announces today that it has established an "at-the-market program" and entered into an Equity Distribution Agreement with Clarksons Platou Securities, Inc., as our sales agent, dated July 6, 2021 under which we may offer and sell from time to time up to $40 million of our common shares to be listed on the New York Stock Exchange. In accordance with the terms of the Equity Distribution Agreement, the [...]
Borr Drilling Ltd. , announces that the Company has received written notice from the New York Stock Exchange that the Company is not in compliance with the NYSE continued listing standard with respect to the minimum average share price required by the NYSE because the average closing price of its common shares had fallen below $1.00 per share over a period of 30 consecutive trading days. Under the NYSE rules, the Company [...]
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