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Posted On: 09/25/2018 9:21:27 PM
Post# of 235
During the past 8 years, the Company has built and/or refurbished 37 Oil Rigs to completion.
This was the most important line i believe. 4.6 rigs a year on average over the last 8 years. Start doing some revenues math on that. This proves that the rig idea isnt some new venture that they might not be able to execute on. They have a track record of getting these deals done. This is huge and shows that they will get those 11 rig deals done. And going forward look for a base of 4.6 rigs per year as a minimum which is about $50million revenue plus the $12 million base revenue from services. SSOF should do $62 million a year in revenues with even baseline rig sales.
This was the most important line i believe. 4.6 rigs a year on average over the last 8 years. Start doing some revenues math on that. This proves that the rig idea isnt some new venture that they might not be able to execute on. They have a track record of getting these deals done. This is huge and shows that they will get those 11 rig deals done. And going forward look for a base of 4.6 rigs per year as a minimum which is about $50million revenue plus the $12 million base revenue from services. SSOF should do $62 million a year in revenues with even baseline rig sales.
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