Hughes maintenance underestimation was flagged in the annual report . The company was set up or sold to one of the ex founders of NRW although I din’t know remember if he was involved still when it went into administration before NRW bought the East Coast Division .
Cost $11 million for 35 drills with an order book of $50 million in December 2016 when they bought it https://nrw.com.au/nrw-holdings-acquires-hughes-drilling/
https://investorinsight.com.au/home...ion-of-hughes-drillings-east-coast-operations
Ann: Notice of Annual General Meeting/Proxy Form, page-19
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