BeaconEquity.com announces the publication of “OMNI Incurs Q1 Net Loss of $1.5 Million, Backlog of $52 Million Convertible to Revenue for 2008”
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In the article the author covers OMNI is strategically positioned to offer services that play a significant role with geophysical companies:
” Since most oil and gas exploration and production companies do not have their own drilling sets, drilling rig staff and other industrial equipment, they contract out drilling and other services from contracting companies to fulfill their operation necessities. These services and functions include well logging, cementing, casing, perforating…
“OMNI Energy Services Corp. (OMNI) offers a broad range of integrated services to geophysical companies engaged in the acquisition of on-shore seismic data and to oil and gas companies operating primarily in the Gulf of Mexico.
“The company recently announced a first quarter 2008 net loss of $1.5 million, or 8 cents per diluted share, on revenues of $41 million, compared to net income of $3.2 million, or 14 cents per diluted share, on revenues of $38.9 million for the same period of 2007. The decrease in net income is due in part to wet winter weather and…”
To read the entire article visit http://www.beaconequity.com/m – Click on News and Commentary
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