What do you think guys? Slight miss on what I had expected for the current quarter. Definitely better but messy with a lot of one offs accounted for.
If the guidance is anything to go by however FY2022 is going to be a step change in both operational and financial metrics. If utilization goes to 100% (practically in the order of 95% considering maintenance etc) the increase in raw numbers delivered should be similar to what Deepcore bought to the business.
Not holding out for any special dividend for this year. Looks like all cash flows after debt reduction are going to expanding the rig numbers to accommodate contract opportunities for the year.
Shit house 2021 it was. 2022 looks to be as good as it gets in drilling. Enjoy the coming year.
Ann: Quarterly Investor Update, page-2
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