Q2 vs Q3 Rig Rate Q2 49% Q3 40% negative
Rig Revenue Q2 $12,399 Q3 $11,526 negative
Service Revenue Q2 $2,658 Q3 $2,954 positive
Consult Revenue Q2 $1,811 Q3 $1,665 negative
Cash Flow Q2 $4,418 Q3 $1,895 negative
Gross Margin Q2 18% Q3 6% negative
Admin Expeneses Q2 $2,761 Q3 $2,690 positive
EBITDA Q2 $204 Q3 -$1,746 negative
These are facts. Clearly a setback. As investors, we have to think what the numbers will look like once the rig rate can get back to a more normal level of 80%+. Almost of all these metrics can and will improve once this happens. Therefore, if you believe the rig rate will return, then buy as much at 0.075 as you can. I will voice my opinion to management to do a better job of keeping investors in the loop in regards to new contracts awarded and rig rate expections for Q4 and FY 2013.