If that rig has only just gone out and they only have 10 rigs contracted, I think they will struggle to achieve earnings estimates of $7 million in 2020-21. Hopefully they can maintain the 10 out in 2021-22, which should see higher earnings.
If the drill rig is ex Connector, that would make it 10+ years old. How can it have only done 60 hours? Curious as to what is going on also.
Ann: Amendment of agreement to provide drilling services, page-19
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