TSXV:WEE.H - Post by User
Comment by
stag15on Dec 25, 2012 10:13am
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Post# 20771107
RE: Cashflow positive 2013
RE: Cashflow positive 2013 If the drilling tool is as good as they make it sound, I expect to see some revenue by Q2 of at least $10-20k. This will be a fast market to break into if they can consistantly increase ROP by 20%.
As for internationally, I continue to expect that market to be slow. Yes WEE is gaining traction, but these international companies typically take a long time to go from contract to tools in the ground. I would like to see PEMEX pick up the pace with the stims, as this is probably the easiest entry for WEE as the tool is simply run at the end of any normal coil tubing job.
As for EOR, I hope we see more contracts going into 2013. I really don't see much growth beyond the already announced trials. We will only see breakeven in 2013 if costs are reduced alongside implementation of all these contracts.