Operations - Estrella International Energy Services Ltd.

Priorities for 2012‐3
Successful Integration of Petroland and Zigma
‐ Has been completed
Secure long term rig contracts to get utilization back over
80%
Improvement in profitability for Argentina
‐ Rig 551 is seeing good demand, and services are expected to
improve substantially with roll out of SDI directional equipment and
non‐conventional resource developments
Focus on growth and development of consulting business
‐ Targeting more than 2x growth year on year
Focus on free cash flow generation and reduce debt
‐ Have repaid over 8 Million in 32 million senior facility in last six
months and reduced debt assumption in Colombia with Petroland
renegotiation
‐ Continue to amortize debt over coming quarters
Substantial SG&A reduction as a function of revenue
30