Rig utilisation for Sept 2017 quarter just announced today to be at 63% of capacity (40 rigs) up from 35% capacity (22 rigs) for June quarter.
Drilling prices 30% below peak of last cycle.
At full capacity this is on a cashflow multiple of around of 4 times.
When rig count gets to 63 rigs in use for a full year the share price will be much higher than where we are today!
Rig utilisation for Sept 2017 quarter just announced today to be...
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