Please Login to share this post.
Share This Post
To:
(Separate emails by commas)
Message:
(Message is optional)
Description:
Through 95% International sales NFI is on a course to start building its largest orders in its history and needs to purchase 25,000 ft facility in Oilton Oklahoma along with trucks and cranes. Orders for new built on and offshore rigs are over 100 million Dollars for 2010. NFI has sales pending in 6 different countries individually running 5.9 million to 50 million in gross revenue. Four deals are currently working in the Far East in conjunction our marketing partners. Seven deals are working in Mexico with Pemex. We need the added facility to guarantee 52 weeks of production despite the weather outside. Our rig orders are going to multiples and doubling in size. NFI is taking over fabrication for an offshore camp manufacturing company and will be able to add this in to the structures for Its Offshore exploration customers.
Our original facility 6.3 miles away will become our machine shop. It will house seven more experienced machines: a 20ft lathe for drilling drawworks shafts, a vertical lathe for drawworks, drums and components, CNC machines for making all solid parts for the rigs, and a 20ft brake machine for crimping tank walls and breaking diamond plate for decking in all structures large and small. We will build our own screw jacks and hydraulic jacks, threaded turn buckles, sprockets and gears. We currently have a 12 X 30 plasma table, 6X8 burn table, forklifts, cranes, iron worker, CNC vertical lathe and multiple saws that will remain in and around the first building.
This first phase is designed to vastly improve production plus give us a whole new talent pool of skilled workers from which to pick. It will give us room to have a complete facility for parts cutting, a separate one for fabrication built on large acreage for rig up services. This will allow Multiple Rigs to be built and assembled at the new plant and cut down on the environmental impact of rig construction at the new facility!
An Investment request also needs ROI picture and the Oklahoma State quality jobs are only for the first year- the total value of this incentive ranges from $5,062,500 and $6,750,000 over ten years (if all the terms and conditions are met during that ten year period). There are revolving loan fund programs to add also because there are two that we could access one through CREC and another through the Central Oklahoma Economic Development District (COEDD), for repayment of the Capitol investment!
The size of the Drilling Rig transactions will determine the size of the repayment on a per payment return. The investor would see an estimated ROI in two years with an additional year of profit at the same rate. We currently have 7 sales with Exim Bank for Pemex and Gasprom which average $5,000,000 each (total $35,000,000) with an estimated $400,000 per rig profit (total $2,800,000). We are 45 days out on a contract for Libya that included (4) 1500 hp complete drilling rigs and (5) 750 mobile drilling rigs complete. We have one MOL for a $50,000,000 project to build a drilling and housing platform with a drilling rig on top. This will be shipped from Drumright Oklahoma to be mounted in Oman on a floating platform.
Please only qualified Individuals respond