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FAST-MOVING, HIGH-PERFORMANCE DRILLING RIGS
Leading intermediate North American land drilling contractor



Bullboard - Investor Discussion Forum AKITA Drilling Ltd T.AKT.A

Alternate Symbol(s):  AKTAF | T.AKT.B

AKITA Drilling Ltd. provides contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The Company is an oil and gas drilling contractor with a fleet of about 32 drilling rigs. Its United States fleet is supported out of its operations base in Midland, Texas and consists of 13 high specification AC triple rigs, one high specification AC double rig and... see more

TSX:AKT.A - Post Discussion

AKITA Drilling Ltd > Highest operating days
View:
Post by lifeisgood1010 on Dec 02, 2024 1:31pm

Highest operating days

Leaving for vacations tomorrow, so this will be my last posts of the year.

See you in 2025.

Wishing you all a nice holidays season.

We are only Dec. 2nd and Akita as just reached it's highest number of operating days for 2024

Here are the data of the last 11 quarters in Canada


Q1 2022 = 722
Q2 2022 =569
Q3 2022 = 644
Q4 2022 = 583

Q1 2023 = 720
Q2 2023 = 471
Q3 2023 = 583
Q4 2023 = 465

Q1 2024 = 649
Q2 2024 = 473
Q3 2024 = 698

So far in Q4 = 699.

Akita should reach about 875 days even with the X-mas vacations.

At 875, this will be and by far the best quarter of the last 3 years and Q1 2025
is shaping up to be very strong.

In the USA

Q1 2024 = 719
Q2 2024 = 623
Q3 2024 = 713

Akita will be atround 1000 or a bit more in Q4

Akita will have great results and will surprise to the upside.

There will be a day when some market participants take notice of the deep discount and
ultra low multiples at witch it is trading.
Comment by blindpig on Dec 02, 2024 9:08pm
Hey Lifeisgood,  thanks for all your informative posts and working out the numbers over the past year. Have a good vacation and we'll see you here in 2025. I'm more confident than ever that Akita will turn the corner next year.
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Akita Drilling Ltd. With CEO - Colin Dease & CFO Darcy Reynolds

Investment Opportunity

Leading Intermediate North American Land Drilling Contractor

14 high-spec drilling rigs
operating exclusively in the
US Permian Basin

17 Canadian drilling rigs primary tailored for oilsands development and a growing deep gas presence

Value of rigs almost 7x market cap

Free Cash Flow of $21 million generated in the first half of 2023



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Contact Us

Shareholders and security analyst inquiries should be directed to:
Darcy Reynolds
– Vice President, Finance and Chief Financial Officer

1000, 333 – 7th Ave SW
Calgary, Alberta T2P 2Z1
Phone: (403) 292-7537
Email: darcy.reynolds@akita-drilling.com