North Drilling signs $159 million contract for four new rigs: a 1.94 P/E still depends on other operating items (7 November 2026)

North Drilling disclosed a contract for four new rigs with South Oilfields on 7 November 2026: $159.082 million and 56.458 trillion rials for ancillary services. The exchange P/E is 1.94 on a 6,390-rial 7 November close, but a net of other operating income and expenses accounts for 48.7% of trailing operating profit. Excluding that line in a…