Hughes Drilling Pty Limited Provides Financial and Operational Guidance for the Second Half and Fiscal 2013
For the second half of fiscal 2013, rig growth is therefore expected to be 4 new rigs compared with the 7 new rigs in the first half of fiscal 2013. New rig acquisitions will continue to be made following the securing of a new or expanding contract.
The company production drilling operations are expected to contribute approximately 85% of group profits for fiscal 2013 while Express Hydraulics and Reichdril are expected to contribute a combined 15% of fiscal 2013 group profits.