• NorAm Drilling operated all 11 rigs in October 2026, with utilization of 99%.
• As of November 10, 91% of available November rig days were contracted, with contracted backlog of USD 24.1 million.
• One rig will transition to a new customer's pad-to-pad contract in mid-November, with scheduled downtime for maintenance and modifications.
• A second rig will be released in mid-November; marketing is underway in the Permian Basin.
• A monthly cash distribution of approximately USD 2 million, or USD 0.045 per share, is payable around November 27.

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 November 10, 2026, and is solely responsible for the information contained therein.