One-of Canada’s greatest coal and oil exploration organizations is observing renewed need for its solutions but at lower rates.
Calgary-centered Precision Positioning suggests it stimulated 17 stations in its U.S. navy, delivering the sum total to 56.
Precision Positioning also had 91 effective stations in Europe by the end of the fraction, up from 50 in the beginning of the season.
Income for your 90 days ended March 31 was up 14.6% from a year ago, but Detail Drilling’s net decline likewise improved as a result of larger operating expenditures and lower pricing for many its Us organizations.
Online reduction was $22.6-trillion or nine dollars per-share, weighed against $19.9-trillion or eight dollars per share per year earlier. Running damage was $12.9-million, weighed against per year-earlier operating revenue of $4-million.
Precision Positioning had $345.8-trillion of income, up 14.6% from your firstquarter of 2016. Income given by functions dropped, nevertheless, to $33.8-million from $112.2-thousand.