Tuscany International Drilling Inc T.TID

Comps?

[jts115]

https://www.estrellasp.com/en/pdfs/20130617_Press_Release_Acquisition%20of%20SAIC.pdf

[jts115]

https://www.sedar.com./DisplayCompanyDocuments.do?lang=EN&issuerNo=00025398 read the business acquisition report on Sedar, so essentially we can learn a few things   Estrella Paid 122MM$ in Cash for the company which has a very similar asset base to Tuscany Except: 1. Rigs seem to be much older and lower spec (Amt of depreciation would also indicate this) 2. Company received a few

[jts115]

Equipment they bought  https://www.sanantoniointernacional.com/equipos/equipos_busqueda_ingles.php?p=sai

[perdikaoilgas]

This is a good catch and a good comparable, jts. They are older and lower quality/spec  rigs than TID's. Apart from the receivables, TID has also ~$30 million from HRT case. Additionally, TID has 2 new HELI-RIGS whose market value is ~$40 million currently.