Has anyone been able to ascertain from company reports rig utilisation for 17/18?
Initially, the indications were UD rigs close to 100% at year-end. The actual Q4 utilisation was 89% (60-odd rigs from a fleet of 68) with some mobilisations noted as delayed, plus the comment that 5-rig Golden Grove contract was completed/demobilised just after year end.
I am trying to establish a range for 2017/18 revenue figure.
SWK Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
