Eco-Stim Energy Solutions Inc fka ESESQ

[Prudent Capitalist]

Nonsense. You need to do a little DD here Pal. ESES is not an OTC or struggling pink sheet company, but rather a NASDAQ listed company with a new debt-free balance sheet and rapidly surging revenue as a result of the lucrative ongoing contracts right now, as updated in the PR out after the close yesterday:

HOUSTON, TX and NEUQUEN CITY, ARGENTINA-(Marketwired - Jun 26, 2017) - Eco-Stim Energy Solutions, Inc. (NASDAQ: ESES) ("EcoStim" or the "Company") announced today that it has now completed four wells under its contract in Oklahoma and nearly completed its first full quarter under a two-year contract in Argentina. As a result of the Company's increased utilization in both geographic markets, EcoStim expects its revenue in the second quarter of 2017 to be within a range from $8.4 million to $9.6 million, compared to $2.6 million for first quarter of 2017. Further, management believes that its revenues for June, 2017, the first full month with activity in both of its geographic markets, should exceed $4 million. The Company's well stimulation crew in Argentina is expected to execute over 55 well stimulation stages during the second quarter of 2017, compared to 17 stages in the first quarter of 2017. The Company's well stimulation crew in Oklahoma is expected to execute more than 90 well stimulation stages in the second quarter of 2017, following the start-up of operations in late May, 2017, compared to zero stages in the first quarter of 2017. The Company's turbine powered pumping system has been performing consistent with the Company's operational expectations while being fueled with compressed natural gas.