Boart sees some light in the tunnel

Salt Lake City-headquartered Boart Longyear said this week it had added a handful of new drill rigs to a global fleet that shrunk last year by 19%. The penny stock that continues to trade on the ASX (BLY) after last year’s massive debt-for-equity debt restructuring says “expanding exploration budgets” have spurred rig purchases in the Americas and Africa.

Boart sees some light in the tunnel Boart sees some light in the tunnel Boart sees some light in the tunnel Boart sees some light in the tunnel Boart sees some light in the tunnel

Boart Longyear has added a handful of rigs to its contract drilling fleet after downsizing in 2017

While only 5-6 rigs at this stage - added to a fleet cut down from 889 at the end of 2016 to 720 units last year - Boart global director of commercial drilling services, Bob Buto said the high-tech

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