TSX Venture: "DAL"
EDMONTON, Jan. 23, 2013 /CNW/ - John Babic, President and CEO of Dalmac Energy
Inc. ("Dalmac") (TSX Venture "DAL") is pleased to provide revenue guidance and
a corporate update to shareholders and investors. The third quarter is
typically the Company's busiest and this year has been no different. Dalmac
is well on its way to again posting record revenues for the current fiscal
year ending April 30, 2013 with sales expected to exceed $40 million.
Dalmac further reports that is has been successful in acquiring several new
contracts, the largest of which is for a major North American producer which
has committed to a specified number of Dalmac's truck fleet to be utilized on
a 24-hour standby basis until spring break-up. This is a significant contract
for Dalmac which can be expanded into further revenue opportunities with this
top tier client.
The Company has also taken delivery of a number of new trucks, trailers,
pickers and other equipment as part of its previously reported $6.5 million
equipment expansion. The equipment is fully booked upon service
commencement. The remainder of the equipment, valued at approximately $3
million, is expected to be delivered by mid-February 2013.
Approximately 75% of the Company's annual revenue is recurring work, i.e.
fluid transfers and servicing of existing production, while the remaining 25%
iscontributed fromdrilling, fracing, completions and maintenance work for
new and existing customers.The Company has been actively overhauling its
equipment inventory over the past few months as it ramps up its fleet to meet
stringent operating parameters and increasing demand. While staffing levels
and wage costs in the industry continue to be challenging, Dalmac is confident
that current positive industry indicators, an expanded rental fleet, and
recently booked equipment contracts will continue to translate into strong
revenue growth through fiscal 2013 and well into fiscal 2014.
The TSX Venture Exchange does not accept responsibility for the adequacy or
accuracy of this release. We seek Safe Harbor.
Doren Quinton QIS Capital Corp. Ph: (250) 377-1182
SOURCE: Dalmac Energy Inc.
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CO: Dalmac Energy Inc.
NI: OIL FIN MNA ORDER
-0- Jan/23/2013 13:17 GMT
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