Revenues are in line with both Tamesis forecasts and full year guidance of US$100–110 million. As expected, core revenues are underpinned by quality contracts resulting in a higher ARPOR, offset by lower fleet utilisation. The previously announced three-year surface drilling contract at Resolute’s Mali operations has expanded this high quality contract base. Expansion into West Africa continues with 12 new rigs now landed in the region and full office and warehousing facilities in
26 Apr 2018
Flash Update: Q1 Trading Update Release
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Flash Update: Q1 Trading Update Release
Capital Limited (CAPD:LON) | 95.1 0.2 0.2% | Mkt Cap: 186.6m
- Published:
26 Apr 2018 -
Author:
David Butler -
Pages:
3
Revenues are in line with both Tamesis forecasts and full year guidance of US$100–110 million. As expected, core revenues are underpinned by quality contracts resulting in a higher ARPOR, offset by lower fleet utilisation. The previously announced three-year surface drilling contract at Resolute’s Mali operations has expanded this high quality contract base. Expansion into West Africa continues with 12 new rigs now landed in the region and full office and warehousing facilities in