Approximately what is the cost per drill rig for the drill rigs #3 and #4 that were just added to the fleet?
These drill rigs are adding about $5M to $5.5M of revenue per six months. Assuming some down time each year let's assume $7M per annum, conservative. How much EBITDA is added per drill rig?
I'm trying to get a sense for how much debt and interest we might need to pay per rig, and will the company have any free cash flow left after paying financing and operating costs?
AUG Price at posting:
$1.02 Sentiment: None Disclosure: Not Held