Deepcore enterprise value of $44m (excl. additional earnout payments) for $50m of revenue p.a., forecast to increase to $70m p.a. for 2020.
EBITDA of circa $12m. Half the rig number of Swick.
Swick looks very cheap by these metrics, at (from top of my head) 2-3x the revenue, 2x the EBITDA-ish, 2 x the rigs plus Orexplore investment.
Deepcore enterprise value of $44m (excl. additional earnout...
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