GREY:BLKWF - Post by User
Comment by
Freddytrader256on Oct 14, 2014 11:08am
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Post# 23025803
RE:RE:RE:RE:Not looking good.
RE:RE:RE:RE:Not looking good.Brazil is burning around $300K per month, US Directional has lost approximately 50 employee's since September 1st, and is currently not generating any revenue. Mexico has 1 maybe 2 rigs running and is still burning cash. Libya has not drilled in a while however they still have an office in Dubai???? Burn rate unknown. Canada has sold all of its product lines.
The only hope is if this new guy in the US Directional Biz can get some people hired quickly.
Or it will be an asset fire sale...