Koil Energy Solutions Inc. (KLNG)

[CollinsIR]

DPDW lands $4m in Latin America subsea Oil & Gas Equip Installs

Recent price: $0.88
Shares Out: 13.4M
Market Cap: $12M
Cash/Cash Equiv.: $5.0M / $0.37 per share
Book Value: $21.8M / $1.63 per share
2017 Revenue: $19.5M

Today's Contract Release

While it's clear on this board that there are some critical sentiments regarding management, we are convinced that the elevation of Charles Njuguna to CFO, and the cost reduction measures he has enacted, demonstrate the Company's embracing of a new financial sheriff in town with respect to fiscal priorities and ROI. This is a natural evolution of an entrepreneurially-led company to build out the operational disciplines that are necessary to take the business and the valuation to the next level - and sometimes a new leader is required to take the difficult steps in cost reductions.

Yes - IR talk is cheap - so let's give DPDW a little time and room to execute on lower costs and their revenue growth initiative. We are newly on board as investor relations counsel and reachable via [e-mail] or at the office 212 924 9800 - Chris Eddy, Tanya Kamatu and myself - David Collins manage the IR engagement for DPDW - and we've been in the IR space for several decades.