Gas draining ramped up in safety drive: Mitchell
Liam WalshReporter
Key Points
- Revenue ($m) 175.6, up 46.0%
- Pre-tax profit ($m) 10.5, down 18.4%
- Net profit ($m) 7.2, down 58.5%
- No dividend declared
Mitchell Services, a 101-rig drilling outfit, says miners are seeking to drain more gas from sites after a disastrous Australian explosion earlier this year.
“Certainly that underground gas space will need a lot of work, and I think the cost of it for the clients is ... minuscule in regards to their overall cost of production,” Mitchell chief executive Andrew Elf said on Tuesday.
Loading...
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Mining
Fetching latest articles