Extremely happy with this update. It has addressed many of the questions I had surrounding rig utilisation and excited to hear we are in the ‘late stage contract negotiations with multiple parties’ and management expects to have all rigs utilised by 30 June 2021 (my honest expectation is that we would average80% deployed going forward).
Now that the base business is starting to look established and steady the real upside of this long term is that the board is reviewing several organic and acquisitive growth prospects. The fact they are taking their time and patiently waiting for the right opportunity makes me believe management is well aligned with us the shareholders and this is the right place for my money in the long term.
Very good things to come in the future! Keep up the good work James and the team!
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