Noram Drilling As · OSL:NORAM

Noram Drilling As — Investor Day (March 2024)

8 slides from Noram Drilling As's investor day presentation, March 2024

  1. Slide 1: Seatankers Investor Day

    Seatankers Investor Day March 2024

  2. Slide 2: Disclaimer

    Disclaimer This presentation contains forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including NorAm management's examination of historical operating trends, data contained in the Company’s records and othe

  3. Slide 3: NorAm Drilling – A Dividend Legend In The Making

    NorAm Drilling – A Dividend Legend In The Making NorAm Drilling in brief Selected customers 11 Fully upgraded Ultra Super Spec rigs 100% Permian focus → 60% of US oil reserves Permian basin has the largest energy reserves in the U.S Industry-low cost break-even level U.S. lower-48 Debt free and full

  4. Slide 4: What Is An Ultra Super Spec Rig?

    What Is An Ultra Super Spec Rig? NorAm Drilling has a fleet of fully upgraded rigs with a track record of drilling the longest wells (25,000+ feet) in the Permian 25,000 ft racking capacity of 5.5” pipe High torque top drive *First grid transformer installed in June 2023 Crew houses Toolpusher house

  5. Slide 5: The Permian Basin Is “The Place To Be” For Onshore Drillers

    The Permian Basin Is “The Place To Be” For Onshore Drillers By far the most producing region in the US Permian sitting on the largest proved reserves(1) Oil and gas shale basin 19% of proved U.S. | Permian share of Total US Rig Count U.S. reserves 19% 60% BAKKEN ANTRIUM 50% 40% 30% 20% WOODFORD MONT

  6. Slide 6: NorAm Is The #1 US Land Driller By Drilling Efficiency

    NorAm Is The #1 US Land Driller By Drilling Efficiency Feet/day 1,476 1,439 1,386 1,357 1,299 1,281 1,266 1,220 1,174 NorAm Ensign Nabors Helmerich Patterson- Precision Unit Drilling Akita Drilling Latshaw Drilling & Payne UTI Drilling Drilling Source: Enverus Oilfield Pulse Oct 2023 (Q2 2023) 6

  7. Slide 7: And The Undisputed #1 In Returning Cash To Shareholders

    And The Undisputed #1 In Returning Cash To Shareholders 103% Dividends and buybacks in % of FY23 EBITDA 48% 25% 5% 0% 0% 0% NorAm Drilling Helmerich Patterson UTI Precision Drilling Ensign Energy Nabors Independence & Payne Industries Contract Drilling Source: Company financials 7

  8. Slide 8: Thanks y’all!

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