Paratus Announces Early Termination Of Drilling Contracts For Courageous And Intrepid

Reuters

2025/03/03

March 3 (Reuters) - Paratus Energy Services Ltd ::
*PARATUS ANNOUNCES CONTRACT UPDATE FOR COURAGEOUS AND INTREPID
*EARLY TERMINATION OF DRILLING CONTRACTS FOR COURAGEOUS AND INTREPID
*BACKLOG REDUCTION LIMITED TO $39 MILLION, 3% OF OVERALL $1.2BN BACKLOG
*NO IMPACT ON 2025 FINANCIAL GUIDANCE OR ONGOING SHARE BUYBACK PROGRAM
*REASONS CITED FOR EARLY TERMINATION INCLUDES UNFAVORABLE CONTRACT TERMS AND ECONOMIC CONSIDERATIONS

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 03-MAR-202506:30:19.56 GMT

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