I had a chat to someone at Roy Hill, they were planning trimming their hydro services from both Easternwell and Pentium to just one provider. So Pentium/VYS won the contract over Easternwell.
the key takeaway is the length of contract. Roy Hill also had between 2-3 rigs deployed for most of the year this year (1 from each provider towards the end of the year I believe) so I’d expect the same next year. Just don’t think RH wanted to be held to a specific number of rigs in a contract hence it’s vague about number of rigs - but this is one of the multi year multi rig contracts the company targeted.
the remaining rigs they will target for BHP/ Rio.
Ann: Pentium receives notice of contract award with Roy Hill, page-4
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