There will be more shares outstanding than I first thought. That said, ESES already has a LOI in place (announced in December) to bring in some good sized revenue. From the pr:
" Based on the drilling rigs contracted by the customer and the anticipated time to drill each well, EcoStim estimates that it will be conducting well stimulation work and coiled tubing efforts on approximately 100 well stimulation stages depending on the timing of operational start-up. The price of each stage will be based on market prices which will be agreed to in the commercial contract. EcoStim management estimates that prices for this service ranged between $180,000 and $300,000 per stage this year."
If you take the mid-point range between $180k - $300k, we get $240k per stage in revenue. Times that by 100 stages and we arrive at revenue of $24,000,000 for this one contract. no idea what the margins are like, but ESES has a highly successful and veteran management team, so I'm guessing they know what they are doing. And this is just one contract. Many more to come.
Still think ESES will be a major home run for early investors like us.
