GREY:WSCEE - Post by User
Post by
pioneer69on Jul 30, 2008 10:02am
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Post# 15342690
Keep talking 80M to 210M...
Keep talking 80M to 210M..."Biles' company just announced its first commercial order for its water remediation equipment that encompasses leasing 256 units to a Texas-based oil company which, according to figures outlined in that news, is worth at least $82,500,000 to Wescorp over the next five years as the company's water remediation units are put into service. The contract calls for both equipment and trained technicians to operate them."
A company spokesperson told AXcess News in a telephone interview Tuesday that Wescorp Energy would not release the name of the buyer, though an 80+ million dollar contract says its no small player in the oil and gas production industry.
and (hmmmmm)
"While Wescorp is a small business, filling such a huge order could prove to be problem, except the buyer has agreed to prepay the first year's lease payment on the first unit delivered and potentially, future funding could be achieved through debt financing. An oil patch equipment finance specialist in Dallas told AXcess News, "Debt financing is a more viable prospect for equipment suppliers to the oil and gas production sector anytime there are terms lenders see as being able to service the debt stream." The Wescorp spokesman said the company recoups its cost on the water remediation equipment within the first year of the lease term."