Mitchell Services (ASX:MSV) CEO, Andrew Elf discusses its business overview, pick-up in demand for drilling and strategy.
FY17 BUSINESS OVERVIEW ( UNAUDITED)
* Aims to be Australia’s leading provider of drilling services to the global exploration, mining and energy industries
*Total Recordable Injury Frequency Rate of less than 15 as at 30 June
*$40.1m revenue in FY17
*EBITDA positive FY2017 with average operating rig count of 22
*Recent contract wins will utilise 18 rigs
*Increase in revenue growth demonstrates Mitchell Services ability to win material size contracts with Tier 1 clients