SLB, thanks. My question was aimed more at is this expansion people required or are they replacing people on contract. Seems like it might be new work although not sure if Kosmos awarded Suriname yet.

No discussion here yet on BRS's appalling results? Loss of $41m in the quarter and revenue miss on analyst expectation:
Bristow Investors ? SEC Filings ? BRS ? bristowgroup.com

Having spent 18 months kicking CHC, shall we now spend some time kicking BRS as well?

Good job we didn't all bet on the Seeking Alpha article (I hope we all didn't) as the $8 stock never happened yesterday but earnings call with the BRS leadership team today. Dial in if you can, could be super interesting and if you do, keep the stock price ticker open next to you, or a spread betting site (live not delayed info).

I wonder how long it will take for the first analyst to ask about the huge declared margin for UK SAR for the full financial year - expectation for full year is $80-100m profit on $225m of revenue which seems like a lot. I expect the British Government might have something to say about that...! (It's almost $10k per ac per day).

You couldn't make it up over a billion dollars in debt and still the fiddler Balif strums his violin.
If the Nigerian currency carries on falling how long till bristow pull the plug?

This is a relentlessly positive call for $41m loss.

I wonder how the SA chap is feeling with him being net short and BRS up nearly 6% already today....

Not all doom and gloom, it would appear:
News - Full Story | TickerTech.com

Thanks for posting some positive news 212.


With CHC expected to exit Chapter 11 in the coming months, it looks like the industry is undergoing a much needed rebalancing. Positive results from HNZ and other providers undergoing restructuring should deliver much needed change.


Some will continue to tread an old path though I fear.

ERA keeps running business
 

ERA has managed to renew the contract with BSEE:
24 Exclusive Aircraft
5 on call
Of course the article says nothing about if reduced rates are applied.

Era Group enters new five-year deal with BSEE | Offshore Energy Today


SLB

Unfortunately, Erickson has filed for Chapter 11 protection today.

Erickson Incorporated Files Chapter 11 Nasdaq:EAC

Both Erickson and CHC filed for Bankruptcy protection in the same Court, with the same Judge supervising both actions. She will be quite an expert on the Helicopter business by the time this process is completed - perhaps more so, than the individuals that led them into this situation.

Maybe BRS will hire her for theirs!

PHI Just filed their Q3 10-Q: http://www.phihelico.com/docs/Invest...03rd%2010Q.pdf

I wonder how Tullow will feel about giving PHI the work in Ghana but not being mentioned in any of the last 3 PHI 1/4 reports.... Nor mentioned on their website...

Less than 15 years of service, and outside the GoM, obviously doesn't count....

Mos is right,
If you look at the Rigfleet utilisation overviews of some Drilling companies you see "undisclosed customer" and "undisclosed rate" quite often.

The "undisclosed rate" appears more often lately which is (to me) an indication these rates are probably much lower as market average.

SLB

I heard the same rumor of a SAR machine for Inpex. Have no idea how much truth to the rumor.

Tullow aren't one of them. They wanted the world to know that TEN was online.

I see BRS are finding ways to generate the cash they are burning quickly:
Bristow Investors ? News Release ? BRS ? bristowgroup.com

They did announce they were looking at it, but this is a slippery slope as we've all seen.

The Inpex work HNZ and PHI are looking at it ex BRS work right? Interesting...

TM - according to the recent S92 thread, now BRS have lost some work in Oz to the PHI / HNZ consortium. Just a SAR ac perhaps as Havick says?
http://www.pprune.org/rotorheads/587...go-flying.html

HNZ are planning to move 4 S92´s for the contract they have or expect to win!!!

Interesting.
So BRS Australia lose a flagship contract.
After losing loads of money.
And financing a load of ac.
But management say everything is fine (they paid a dividend again!)...

It's all a bit "CHC Lite" isn't it?

Thanks II.