Great Tang Bid Technology Inc (GTBT)

[UHCougar]

I think we need to understand why their business in AR hasn't been performing. Is it...

a) Their products & services suck, causing them to lose the account.

or

b) The rig count in Arkansas is at its lowest level in more than six years and consequently, production and hiring in the Fayetteville Shale has stalled. In Arkansas, there were only 27 rotary rigs operating as of March 23, well off 38 a year ago.

This is a huge difference. If their customer in AR is cutting production and drilling, then obviously ESPIs business in the area would decline. I think this is why you hear Dugas say multiple times in his PRs that they are working to expand their customer base.

I find a) a dubious claim considering Exxon is their largest customer. Would Exxon still be contracting ESPI if this were the case?