Hmmmm well according to announcement, revenue 5.5m, capital expenses for the rig $4m, so I am guessing a surplus of $1.5m cash, however some of the expenses would be capitalised??? So EBITDA would be higher.
According to annual report, for last financial year:
3 rigs under management
Utilisation: 82%
Revenue: 24.5m
EBITDA 4.9m
So I guess these figures kind of correlate with the latest update. Either way so far, they are driving profits and utilisation nicely from each rig.
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