TSX Venture: "DAL"
EDMONTON, April 9, 2014 /CNW/- John Babic, President and CEO of Dalmac Energy
Inc. ("Dalmac") (TSX Venture "DAL") is pleased to announce that
the Company has began the implementation of an electronic
dispatching and invoicing system that is expected to improve
productivity and significantly reduce operating costs and
expenses.
The new system will provide Dalmac with real-time visibility of
its equipment, trucks, and workforce. Notable advantages
include:
- electronic workorder and invoicing,
- real time fleet monitoring via cell and satellite,
- real time equipment warning alerts for equipment malfunctions
which will reduce extensive repair costs and improve fleet
life.
- improved fuel tracking, insurance savings, reduced
overhead labour costs
Once the system is fully implemented management will know
precisely where each piece of equipment is, how long it has been
operating, speed at which equipment is traveling, and the
appropriate billable time. Apart from real time monitoring of
the fleet the new software will also be used to book
equipment, generate field tickets and invoices, and also
schedule repairs and track maintenance history.
The full benefit of this automation initiative will be felt over
the course of the 2015 fiscal year but immediate savings will
commence this summer with the goal of achieving $1 million in annual savings. It is
management's expectations that this system will not only reduce
operating costs and expenses but will also help boost revenue
and drive gross profit margins back into the 30's percentile.
February and March activity levels have been robust pre-Spring
break-up. The Company is making a concerted effort to improve
the penetration of its newly acquired equipment while continuing to
focus on cost control and efficiencies to boost margins.
Statements throughout this report that are not historical
facts may be considered 'forward looking statements'. Such
statements are based on current expectations that involve risks and
uncertainties, which could cause actual results to differ from
those anticipated. Important factors that can cause
anticipated outcomes to differ materially from actual outcomes
include the impact of general economic conditions, industry
conditions, competition from other industry participants,
volatility of petroleum prices, the ability to attract and retain
qualified personnel, changes in laws or regulation, currency
fluctuations, continued ability to access capital from available
facilities and environmental risks. References to "Dalmac',
the "Corporation", "Company", "us", "we", and "our" mean Dalamc
Energy Inc. and its subsidiary Dalmac Oilfield Services
Inc.
The TSX Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release. We seek safe
harbor.
SOURCE Dalmac Energy Inc.