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Estrella International Energy Services Ltd. EENZD


Primary Symbol: EENZF



GREY:EENZF - Post by User

Post by Thundersoleon May 31, 2013 6:08am
203 Views
Post# 21465550

Revenues Up 15%

Revenues Up 15%

Quarterly report posted on SEDAR, revenues up 15% for first quarter over last year first quarter.

12 of the 19 are on contract, there were only 15 rigs for the same period last year, so the fleet is 26.6% larger than last year.

Of course this is only the good news I've hilighted, rig util is still low, debt is still high.

Hopefully rights will be exercised to covert some of this debt to equity.

 

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