Ann: New Contract Awards, page-12

While there are other international players in Australia; I strongly believe that MRM, with their local knowledge, skill and a specialised fleets, could win a significant amount of contract for this new development.
Current low utilisation, and as result, low EBITDA is concerned as it hardly cover debt repayment. But a turning in utilisation to 80% and contract price up 10-15% could bring EBITDA to $100-$200 million range easily.
ASL have a similar turn over, from debt loaded business, MC was as low as 20% of NTA. Now, with mining industry turn around, ASL is 15 bagger above mining bottom.
Same thing will happen to Oil and Gas.
Raise tidal will lift all the boat.
All IMO, please DYOR.