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Re: mburr82 post# 3506

Friday, 09/09/2016 10:15:24 AM

Friday, September 09, 2016 10:15:24 AM

Post# of 4911
Yeah I have been adding at opportunistic times throughout the last 6 months.

We signed and MSA with EP early in the year and were well on our way to profitability. The downturn in crude is really all that stopped us.

2 months ago we signed 2 more MSAs with two very large producers. We are now positioned for rapid growth and have the security of larger producers who are not effected by pricing fluctuations in crude. The producers we recently added are heavily centered in basins where the breakeven in crude is in the mid $20 range.

Recently we received a verbal from a 4th large producer and we should receive news on this client soon that the agreement is signed.

We have the capacity to treat roughly 3000 wells (depots and machines - would need more workers still) already and will grow as our customer base grows.

Just at 3000 wells the stock price is around a dollar. The question becomes how quickly can we get there...

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