The new CEO, Zeke Zeringue, is fully on board and has met most of the employees and numerous customers. He has stated he will follow many of the same paths of Lestz, more agressively. Strategic alliances with large drilling companies would, IMO, put Gasfrac as an investors dream. Time will tell. FROM ARTICLE BEFORE LESTZ RETIRED Lestz admits his company does not have nearly enough equipment to take its method mainstream. He said it envisions forming "strategic alliances" with larger, unidentified drilling companies to make its process more available.
20 new sets deliverd tomorrow - does no good. Trained personel largest limiting factor. You put a water frac crew on a popane frac and your asking for a disaster. This company needs a slow and steady pace, train and deploy safety safety safety. Keep the training schedule in mind as they move forward. They have double teamed for tha last few months so at least when the new equipment gets deliverd it will transition fairly quick to revenues with the current extra training they have been doing for the last quarter. If the equip goes to a good climate , could see good utilization rates quickly. But don't forget year end tax selling of loser stocks.GLTA