- Close down any locations that are buring more cash than they're producing (AR office). Liquidate any fixed assets and use those proceeds to reduce current debt.
- Reduce overhead where it makes sense (back office staff).
- Close down foreign locations (reduce travel and office rent cost).
- Focus on expanding domestically thru existing customer relationships. Expand services to North Dakota (Barnett Shale) and W. Virgina/ Pennsylvania (Marcellus Shale).
- Focus on expanding the Facility and Pipeline Services Division by leverage existing customer relationships with ESP Petrochemicals (ie service Exxon refineries and pipelines). Start with small customer base, then grow from there.
- Allow the volume of business to determine the rate of growth. We've seen in the past they've tried to overextend by opened offices in Dubai and Papua New Guinea. These are investments that have burned through cash but have not materialized.
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