Certain statements in this announcement may constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and Noble and its subsidiaries' (collectively, the "Noble Group") anticipated or planned financial and operational performance. The words "targets", "believes", "committed to," "continues", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "estimates", ...

Noble Corporation plc (NE) has inked a contract for its Noble Venturer drillship to be utilized for an upcoming drilling campaign conducted by Trident Energy offshore Equatorial Guinea. The drilling campaign is expected to begin shortly. Noble Corporation had previously stated that the expected duration of the project was 150 days. The Noble Venturer is expected to drill an Akeng Deep ILX well in Block S. This well is aimed at testing a play in the Albian. This drilling campaign targets an estimated gross m ...

LOS ANGELES, June 24, 2024 (GLOBE NEWSWIRE) -- FAT (Fresh. Authentic. Tasty.) Brands Inc. (NASDAQ: FAT), a leading global franchising company that owns 18 restaurant brands, today announced that Andy Wiederhorn, Chairman of FAT Brands, will present at Noble Capital Markets' Consumer, Communications, Media, and Technology Emerging Growth Virtual Equity Conference on June 27 at 11:00 a.m. Eastern Standard Time. The formal presentation will feature a fireside style Q&A session with questions welcome from the l ...

● . June 24, 2024 8:30 AM EDT | Source: BioHarvest Sciences Inc. CEO Ilan Sobel is scheduled to host virtual one-on-one meetings with institutional investors throughout the event, and will host a virtual presentation as follows: Date: Thursday, June 27, 2024 Time: 1:30 p.m. Eastern time Registration: https://www.meetmax.com/sched/event_107201/investor_reg_new.html? attendee_role_id=NOBLE_INVESTOR A video webcast of the presentation will be available following the event at BioHarvest.com and as part of a com ...

Upon the closure of the transaction, Diamond Offshore shareholders will receive 0.2316 shares of NE with a cash compensation of $5.65 per share of Diamond Offshore's common stock. Diamond Offshore shareholders will own 14.5% of NE's outstanding shares. Per the terms of the agreement, Noble's board will expand to include one member from DO's board of directors. To fund the cash portion of the deal, Noble has secured a $600 million committed bridge financing facility. The acquisition should allow Noble to con ...

Group 1 - Proactive focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [2] - The news team operates from key financial hubs globally, including London, New York, Toronto, Vancouver, Sydney, and Perth [5] - Proactive employs automation and software tools, including generative AI, but ensures all content is edited and authored by humans [6] Group 2 - The team provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [7] - Proactive delivers news and unique insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [8] - The content creators possess decades of expertise and experience, utilizing technology to enhance workflows [9]

Core Viewpoint - Noble Corporation has entered into a definitive merger agreement to acquire Diamond Offshore Drilling, which is expected to enhance its operational capabilities and shareholder value through significant synergies and an expanded fleet [6][18][19]. Financial Aspects - The acquisition will involve Diamond shareholders receiving 0.2316 shares of Noble and $5.65 in cash per Diamond share, totaling approximately $600 million in cash [10][34]. - The transaction represents an 11.4% premium to Diamond's closing stock price on June 7, 2024 [18][34]. - Noble anticipates realizing annual pre-tax cost synergies of $100 million, with 75% expected to be realized within one year of closing [1][6]. - The combined backlog for Noble and Diamond will be approximately $6.5 billion, with Diamond contributing $2.1 billion to this total [12][21]. Operational Synergies - The merger will add four 7th generation drillships and a high-spec harsh environment semisubmersible rig to Noble's fleet, enhancing its operational capabilities [6][20]. - The transaction is expected to be immediately accretive to Noble's free cash flow per share, facilitating an increased return of capital to shareholders [9][19]. Strategic Rationale - The merger is positioned as a strategic move to create a more robust platform for delivering customer and shareholder value, leveraging Noble's operational strength and Diamond's established market presence [19][20]. - Both companies share a commitment to safety, operational excellence, and service, which is expected to drive successful integration [8]. Governance and Structure - Following the merger, Diamond shareholders will own approximately 14.5% of Noble's outstanding shares on a fully diluted basis [10][18]. - Noble's Board of Directors will be expanded to include one member from Diamond's Board [11]. Dividend Information - Noble has announced a 25% increase in its quarterly dividend to $0.50 per share, effective from the third quarter of 2024 [19][25].

The Noble Resilient jack-up rig was built in 2009 and features the Gusto MSC CJ50 X100 MC design. Its maximum drilling depth is nearly 30,000 feet and can operate in water depths of up to 350 feet. Noble Corporation plc (NE) , the offshore drilling contractor, has struck a new deal with U.K.-based Harbour Energy (HBRIY) for one of its harsh environment jack-up rigs. The rig Noble Resilient has been tasked with well intervention work in the U.K. North Sea, for Harbour Energy. The contract, scheduled to begin ...

Financial Data and Key Metrics Changes - Contract drilling services revenue for Q1 totaled $612 million, slightly up from $609 million in Q4 [26] - Adjusted EBITDA was $183 million in Q1, down from $201 million in Q4, with an adjusted EBITDA margin of 29% [26] - Cash flow from operations was $129 million, capital expenditures were $167 million, and free cash flow was negative $38 million [26][28] - The company expects full-year free cash flow to increase in 2024 compared to 2023, with a significant portion weighted towards the back half of the year [15][28] Business Line Data and Key Metrics Changes - The utilization of marketed floaters was 76% in Q1, up from 75% in Q4, with 95% of the marketed fleet contracted for current and/or future work [26] - Average earned dayrate for floaters was $434,000 per day, while jackups earned an average of $144,000 per day [53] Market Data and Key Metrics Changes - UDW utilization remains around 95% on the marketed fleet, with 26 rig years of UDW capacity contracted in Q1, aligning with healthy trends from 2021 to 2023 [16][48] - The total backlog as of May 6 stands at $4.4 billion, with $1.7 billion scheduled for revenue conversion in Q2 through Q4 2024 [53] Company Strategy and Development Direction - The company is focused on returning a significant majority of free cash flow via dividends and buybacks as cash flow improves [15] - There is a strong emphasis on safety, diversity, and community investment, alongside a commitment to sustainability and decarbonization efforts [30][56] Management's Comments on Operating Environment and Future Outlook - The market outlook for offshore drilling remains encouraging, with positive contract signings and indications of open demand pointing to enduring tightness and healthy commercial opportunities [48] - Management expects progressive improvement in EBITDA throughout the year, with Q1 serving as a starting point [47] Other Important Information - The company declared a $0.40 dividend for Q2 2024, consistent with the previous quarter, bringing the cumulative total capital return to shareholders since the Q4 2022 merger to $400 million [15] - Recent contract signings include a contract for the Noble Viking at a dayrate of $499,000 and an extension for the Noble Voyager at $470,000 per day [48][49] Q&A Session Summary Question: What is the probability of getting work for the 3 idle 6g assets? - Management indicated a 97% contracted fleetwide this year, feeling good about currently contracted revenue at the low end of the guidance range [59] Question: What opportunities exist for the 6g rigs? - Management is actively pursuing opportunities for the 6g rigs, primarily in the western hemisphere, with expectations for demand to correct itself over time [60] Question: What is driving the difference between 6g and 7g rigs? - The preference for 7g rigs is due to their efficiency, especially for longer-term projects, leading to a shift in customer demand [63] Question: What is the expected discount for sideline rigs compared to hot rigs? - Management expects sideline rigs to come out at a discount to market, but the extent of the discount will vary based on different owners' economic incentives [79] Question: What is the trajectory for operating expenses and CapEx? - Management noted that Q1 was elevated for CapEx due to contract preparations, with expectations for moderation in the second half of the year [71][88]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________________________________________________ FORM 10-Q _____________________________________________________________________________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ...