Cabo Mining

Drilling für eine sehr interessante Company.

Cabo to Drill Up to 6,000 Meters for Minera Petaquilla S.A.
Monday March 10, 9:00 am ET

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2008) - Cabo Drilling Corp.'s (TSX VENTURE:CBE - News; "Cabo" or the "Company") Panama division has entered into a contract with Minera Petaquilla, S.A. to drill a minimum of 6,000 meters on their copper project in the District of Donoso in Colon Province in the Republic of Panama. Minera Petaquilla, S.A. is a Panamanian company that holds the Petaquilla copper concession.

Petaquilla Copper Ltd. currently holds a 52% equity interest in Minera Petaquilla, S.A. and Inmet Mining Corps holds the remaining 48% equity interest. Teck Cominco has an option to earn 50% of Petaquilla Copper's interest in Minera Petaquilla, providing Teck Cominco funds all of Petaquilla's share of the cost of bringing the project to production.

The Company will utilize two helicopter support Longyear Model 38 diamond drills on the project. The drills have been mobilized to the site and drilling has commenced.

About Inmet Mining Corporation

Inmet is a Canadian-based global mining company that produces copper, zinc and gold. They have interests in four mining operations in locations around the world: Cayeli, Pyhasalmi, Troilus and Ok Tedi.

About Teck Cominco Limited

Teck Cominco is a diversified mining company, headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange. The Company is a world leader in the production of zinc and metallurgical coal and is also a significant producer of copper, gold, indium and other specialty metals.

About Petaquilla Copper Ltd.

Petaquilla Copper Ltd. is a mineral exploration company headquartered in Vancouver, Canada. Its shares are listed on the Toronto Stock Exchange under the symbol PTC. The Company holds 52% of Minera Petaquilla, S.A., a joint venture company developing a world class copper deposit in the Republic of Panama. Petaquilla Copper also owns 49% of the issued shares of Petaquilla Infrastructure Ltd., a company incorporated to manage and expedite the development of the power, port and related infrastructure in support of the Molejon Gold Mine of Petaquilla Minerals Ltd.

About Cabo Drilling Corp. (TSX VENTURE:CBE - News)

Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.

ON BEHALF OF THE BOARD

John A. Versfelt, Chairman, President and CEO

Der petaquilla drill ist ja nicht hoch genug einzuschätzen.
Wird Folgeaufträge geben, nehm ich an.

Bei Yahoo noch nicht als Meldung.
Drilling für Spider und Freewest in Mc Faulds (Noront!)

Halt ich auch für sehr ausssichtsreich.
Immerhin über 2 Mille der Auftrag.

http://www.marketwirecanada.com/mw/rel_ca.jsp?id=831040
Mar 11, 2008 10:45 ET
Spider, KWG and Freewest Commence Drilling on Freewest Option Property McFauld's Lake Area, Northern Ontario

TORONTO, ONTARIO--(Marketwire - March 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the startup of a diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometers southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of Spider and KWG and approximately 3.6 kilometers northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario. This diamond drilling program will initially be focussed near and around a previously discovered chrome-nickel-platinum group element occurrence in peridotite that has many similarities to the new discovery (Eagle Two) of Noronto Resources. Billiken Management Services Inc. has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, Billiken also advises that a diamond drill contract with Cabo Drilling Corp., has recently been awarded the diamond drill contract. The approved budget for the program is $2.4 million, to cost of which will be shared 50:50 between Spider and KWG.

Nine separate SW-NE trending magnetically and electromagnetically rendered anomalies have been identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warrant additional follow-up. Of the nine conductors identified, six have been interpreted as having a NW dip, one has a near vertical dip and the other two are broader in nature. The latter two may be attributable to surface conductivity although there is some coincidence with magnetic patterns reflective of the underlying bedrock geology, so bedrock source for the conductance cannot be ruled out. Line-cutting has been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics is underway and completed on the western portion of the property in the vicinity of the initial drill sites, results of which will be used to plan additional drilling.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both the dimensions, and the peridoitite setting similarity to Noront Resources Ltd's Eagle One MMS discovery located 3.6 km to the SE, as well as the newly discovered Eagle Two MMS occurrence, (located 2 km to the SE of Eagle One that also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. The initial focus of the drilling program will be to further investigate this Cr-PGE-Ni occurrence.

The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008). As stated earlier the initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property wide grid with 200 meter line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 meter spaced lines. Line-cutting has progressed over this area and the geophysical operators will soon be starting the ground surveys that will include horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying. Drilling is still scheduled to start during February, assuming all goes well with the geophysical surveying. The initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Interim maps produced from the recent Aerotem2 airborne survey have been reviewed and are currently being used to continue the planning of exploration for the remainder of the property. At present, eight other anomalies are apparent. The field operations and eventual drilling are currently under the auspices of Billiken Management Services Inc, of Toronto, Ontario.

This press release has been prepared by management of Spider Resources Inc. and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 301,184,917 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

Wieder 4 km........

Cabo Awarded 4,000 Meter Surface Drill Contract by Solitaire Minerals Corp.
Thursday March 20, 8:00 am ET

NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 20, 2008) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; "Cabo" or the "Company") announces that Solitaire Minerals Corp. has awarded a drill contract to the Company's Pacific Division, to complete a 4,000 meter diamond drilling program on Solitaire's Riou Lake Uranium Property, in the Athabasca Basin of Northern Saskatchewan.

The Company commenced diamond drilling on the property during the last week of February utilizing a Boyles 56 coring rig.

Solitaire Minerals has selected several high priority targets, based in part on the interpretation by Activation Laboratories Ltd (Actlabs) of Soil Gas Hydrocarbon (SGH) analyses collected from a grid of soil samples. The drill program will encompass a minimum of 4,000 meters with all drill holes to be collared in a highly altered fault zone on dry land south of Riou Lake and concentrated near the centre of the Soil Gas Hydrocarbon anomalies designated by Actlabs, in conjunction with other geochemistry from the area, as the Primary and Secondary Targets.

About Solitaire Minerals Corp.

Solitaire Minerals Corp. is a diversified junior Canadian mineral exploration company with a specific focus on mineral properties in North America. The Company has assembled a portfolio of precious and base metal exploration prospects in Ontario, Saskatchewan, Alberta, and the North West Territories.

About Cabo Drilling Corp. (TSX VENTURE:CBE - News)

Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.

Der Chart schaut ja auch nicht so schlecht aus.

In den nächsten Monaten schaut es nach Ausbruch aus, es spitzt sich zu.
Tendiere auf oben!

Wie schon vor fast 2 jahren angekündigt.....
am schönsten wird es, wenn Cabo für die abgespaltete Co drillt.

Auf diese Property bin ich gespannt. wegen der hab ich Cabo häutsächlich gekauft 04.

International Millennium to Drill Cobalt Area Property
Tuesday April 8, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 8, 2008) - International Millennium Mining Corp. ("IMMC" or the "Company") (TSX VENTURE:IMI - News) has signed a drilling contract with Cabo Drilling Corp. for an initial 2500 meters of diamond drilling near the Waldman mine on its Cobalt Area Property in Ontario. The purpose of the program is to test several strong targets identified by a MMI (mobile metal ion) sampling program completed over the Cobalt Area property in the past year (see the Company's news release of January 10th 2008). The program is scheduled to commence April 15, 2008.David G. Mark, P.Geo, a qualified person under policy NI 43-101, reports that the locations of the drill holes for this initial program was determined by the MMI work done over three grids with most of the anomalous results occurring on Grid One in Gillies Limit North Township in close proximity to the Waldman Mine Shaft.
Two former small producers are located on the Company's property and a further twelve former mines contiguous to and within 3,000 meters to the east of the IMMC drill project produced in excess of 100 million ounces of silver, along with cobalt, copper, and nickel. SMC (Canada) Ltd. currently has a mill operating 500 meters east of the project.
Past production within these mines was mostly from arsenide silver/cobalt mineralization occurring in narrow, but very rich veins (in the thousands of ounces Ag per ton range). Consequently, MMI anomalies occurring in this area are strong drill targets. The anomalies range in strike length from 100 meters up to possibly 750 meters (production in the past was from veins with strike lengths varying from 30 to 100 meters.).
The drilling program will also pursue base metal sulphide type mineralization which is known to occur in the area.
The Cobalt Area property comprises some 620 claim units covering approximately 9,920 hectares located in Temiskaming District, Larder Lake Mining Division south of the town of Cobalt in northeastern Ontario. IMMC holds, either outright or under option, 100% interest in these claims, subject to royalty.
The rocks that underlie the Cobalt Area Project include Archean aged mafic to felsic metavolcanics and Algoman granitic rocks overlain by relatively flat lying Huronian Group metasediments. A Nipissing aged diabase dyke and sill complex intrudes all of these rock types. Lamprophyre dykes and mafic to ultramafic diatremes intrude the volcanic and granitic rocks.
International Millennium Mining Corp. is a mineral exploration and development company engaged in the acquisition and exploration of polymetalic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.
ON BEHALF OF THE BOARD,
John A. Versfelt, President & CEO

Wieder 4 km....

Cabo to Drill 4,000 Meters on Woodjam Property, BC
Monday April 14, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2008) - Cabo Drilling Corp.'s (TSX VENTURE:CBE - News; "Cabo" or the "Company") Pacific division has entered into a contract with Fjordland Exploration Inc. to drill approximately 4,000 meters on the Woodjam copper, gold and molybdenum project located in central British Columbia.
The 2008 drill program will continue drilling at the recent copper-molybdenum discovery in the Southeast Zone (see Fjordland Exploration's new releases dated January 18, & March 13, 2008 and test other areas of the large claim group.
The 44 square kilometer Woodjam Property, owned 60:40 by Fjordland Exploration and Cariboo Rose Resources Ltd, is located in the Cariboo Region of B.C., about 50 kilometers east of the City of Williams Lake and 7 kilometers south of the village of Horsefly. The claims lie at low elevation, in relatively flat terrane and are easily road accessible and workable on a year-round basis.
About Fjordland Exploration Inc.
Fjordland Exploration Inc. is a Vancouver-based junior mineral exploration company focused on the discovery of gold and copper deposits. Fjordland is conducting exploration in British Columbia, Canada, which has excellent mineral potential. The Company has a 60% interest in the 44,413 hectare Woodjam gold-copper property, located in central B.C., and a 50% joint venture to explore 20 copper-gold properties (QUEST project) totaling in excess of 144,000 hectares in the Quesnel Terrane in central British Columbia. Shares of Fjordland Exploration Inc. trade on the TSX Venture Exchange with the symbol "FEX".
About Cabo Drilling Corp. (TSX VENTURE:CBE - News)
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.

Die erste Meldung dazu gab es bereits am 10.4.:


Cabo to Drill International Millennium Cobalt Area Property in Ontario
Friday May 16, 9:12 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 16, 2008) - Cabo Drilling Corp., (TSX VENTURE:CBE - News; "Cabo" or the "Company") Ontario Division, has signed a drilling contract with International Millennium Mining Corp. (IMMC) for an initial 2,500 meters of diamond drilling near the Waldman mine on IMMC's Cobalt Area Property in Ontario. The purpose of the program is to test several strong targets identified by a MMI (mobile metal ion) sampling program completed over the Cobalt Area property. The Company commenced drilling April 18, 2008.
The location of the drill holes for this initial program was determined by anomalous MMI results occurring on a grid in Gillies Limit North Township in close proximity to the Waldman Mine Shaft. The Waldman is one of a number of former producers located on IMMC's property. Twelve former mines contiguous to and within 3,000 meters to the east of the IMMC drill project produced in excess of 100 million ounces of silver, along with cobalt, copper, and nickel. The drilling program will also pursue base metal sulphide type mineralization known to occur in the area.
About International Millennium Mining Corp.
IMMC is a mineral exploration and development company engaged in the acquisition and exploration of polymetallic mineral properties in Canada and the Americas. To date, the Company has acquired and is exploring mineral properties in British Columbia and Ontario, Canada; Nevada, USA; and Sonora State, Mexico. Emerging mineral targets include silver, gold, cobalt, molybdenum, zinc, lead, nickel, copper and platinum group metals.

Pünktlich Ende Mai die Zahlen...
Yessss, die sind super......e n d l i c h!
Es bleibt zwar noch immer relativ wenig hängen......

für die Tabellen der link: http://biz.yahoo.com/ccn/080530/200805300465289001.html?.v=1

Cabo Announces Record 3rd Quarter Results
Friday May 30, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 30, 2008) - Cabo Drilling Corp. ("Cabo" or the "Company") (TSX VENTURE:CBE - News) today reported results for its third quarter ended March 31, 2008.
3rd QUARTER HIGHLIGHTS

---------------------------------------------------------------------------
(CDN $000s, except 3 months 3 months 9 months 9 months
earnings per share) ending ending ending ending
Mar 31-08 Mar 31-07 Mar 31-08 Mar 31-07
---------------------------------------------------------------------------
Revenue 16,037 8,896 44,011 21,228
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Net Earnings (Loss) Before
Interest, Tax, Amortization,
Stock-based Compensation and
Other Items (EBITDA) 1,860 644 6,062 523
---------------------------------------------------------------------------
Net Earnings (Loss) Before Taxes 1,095 214 4,066 1,268
---------------------------------------------------------------------------
Net Earnings (Loss) After Taxes 731 131 2,622 764
---------------------------------------------------------------------------
Earnings (Loss) per Share ($)
Basic Before Interest, Tax,
Amortization, Stock-based
Compensation and Other Items
(EBITDA) 0.04 0.02 0.13 0.06
---------------------------------------------------------------------------
Earnings (Loss) per Share ($)
Basic 0.02 0.00 0.05 0.02
---------------------------------------------------------------------------
Cash from operations(i) 1,422 505 4,335 1,777
---------------------------------------------------------------------------
Gross Margin % 22.8% 22.4% 24.6% 23.8%
---------------------------------------------------------------------------
Working Capital 7,437 3,661 7,437 3,661
---------------------------------------------------------------------------
(i)before changes in non-cash working capital items

The Company reports:
- Its highest ever quarter revenue of $16.04 million in the 3rd quarter of FY2008, an 80% increase from the 3rd quarter FY2007 of $8.90 million.

- Record net 3rd quarter FY2008 EBITDA (earnings before interest, taxes, amortization, stock based compensation and other items) of $1.86 million compared to 3rd quarter FY2007 earnings before interest, tax, amortization, stock based compensation and other items of $643,845.

- Record net earnings before taxes for the 3rd quarter of FY2008 of $1.10 million compared to 3rd quarter FY2007 net earnings before taxes of $214,325.

- Record 3rd quarter net earnings after taxes for the 3rd quarter of FY2008 of $731,277 compared to 3rd quarter FY2007 net earnings after taxes of $130,793 resulting in 3rd quarter FY2008 net earnings after taxes of $0.02 per share compared to FY2007 3rd quarter earnings of $0.00 per share.

- Gross margin percentage for the 3rd quarter FY2008 of 22.8% compared with a gross margin of 22.4% in the FY2007 3rd quarter.

- Cash flow from operations, before changes in non-cash working capital items, was $1.42 million for the 3rd quarter FY2008 compared to 3rd quarter FY2007 cash from operations of $504,883.

- A current asset balance of $26.48 million and working capital of $7.44 million.

- Total assets of $39.83 million and total liabilities of $20.30 million.

- Cabo's international operations recorded revenues of $4.54 million or 28% of total quarterly revenues.

"Cabo recorded its highest ever quarter revenues of $16.04 million, an 80% increase from the third quarter revenues of fiscal 2007 in what is traditionally one of our weakest quarters," stated Mr. Versfelt, President and CEO of Cabo Drilling Corp. "The growth in revenues can be attributed to record revenues from our international operations and strong growth from our Ontario and Atlantic divisions. The international operations recorded revenues of $4.54 million or 28% of quarterly revenues as compared to $199,919 or 2% in the third quarter of fiscal 2007."
"During the third quarter of fiscal 2008, Cabo achieved record third quarter net income. The Company recorded net income, after taxes, of $731,277 and basic earnings per share of $0.02," Mr. Versfelt said. "We also improved our net earnings before taxes by 412% from $214,325 in the third quarter of fiscal 2007 to $1.10 million in earnings before taxes in the third quarter of fiscal 2008. EBITDA also increased in the third quarter of fiscal 2008 to $1.86 million from $643,845 in the comparable period in the previous year."

"While the Company recorded its historically best third quarter gross margin of 22.8% in fiscal 2008, as compared to 22.4% in the third quarter of fiscal 2007 this is less than satisfactory. Going forward we will continue to strive to improve upon our margin numbers to achieve our year end goal of a gross margin of approximately 27%."
"The Company's Pacific division was awarded its second project in the USA in February 2008" stated Mr. Versfelt. "We have also identified other favourable USA exploration and mining markets in which we can continue our organic growth."
"Cabo is continuing on its path of achieving profitability quarter over quarter," commented Mr. Versfelt. "The Company's third quarter of 2008 is our seventh consecutive quarter of achieving profitability. This is a great milestone for the Cabo team. We are improving both our top line and bottom line numbers and creating value for our shareholders, employees and clients."
"Our balance sheet is growing stronger as a result of record revenue growth. As compared to June 30, 2007, the Shareholders' Equity has improved by 46.7% to a record high of $19.52 million for the nine months ended March 31, 2008" Mr. Versfelt explained. "Furthermore, working capital also improved to $7.48 million, the highest level ever experience by the Company."

Yessss, die sind super......e n d l i c h!
Es bleibt zwar noch immer relativ wenig hängen......

Mensch Eldo, du bist vorlaut. T
Teil 2 ist noch gar nicht da. Nur 10000 Zeichen pro Beitrag.....

Third Quarter Ended March 31, 2008
Revenue for the quarter ending March 31, 2008 was $16.04 million compared to $8.90 million in the third quarter of fiscal 2007, an 80% increase. This increase can be attributed primarily to significant growth from our international operations and strong growth in our Ontario and Atlantic divisions. International revenues represented 28% of revenues for the quarter, as compared to 2.0% for the third quarter in fiscal 2007. Revenues also increased by 17.6% from the second quarter of fiscal 2008 which was $13.64 million. These results are significantly higher than budget and expectations for the Holiday Season. Management believes the international operations will contribute a substantial percentage of the Company's total revenue stream, as we continue to increase the drilling fleet in Mexico, Panama, Spain and other countries, during the balance of fiscal 2008.
In the third quarter of FY2008 surface drilling increased $2.14 million or 21% to $12.34 million from $10.20 million in the second quarter of fiscal 2008, while underground drilling increased marginally to $3.38 million during the third quarter of fiscal 2008. Geotechnical drilling revenues remained at the same level comparing quarter to quarter.
Gross margin for the quarter ended March 31, 2008 was 22.8% compared to 22.4% during the third quarter of fiscal 2007. However, because of increased costs during this period and significant downtime experienced as a result of the Holiday Season, the third quarter operating costs are higher than normal compared to the balance of the year, resulting in less than satisfactory gross margins. Direct costs for the quarter ended March 31, 2008 were $12.37 million compared to $6.90 million. The increase is a direct result of significantly higher activity, which resulted in higher revenue in the third quarter of fiscal 2008.
The Company recorded EBITDA (earnings before interest, tax, amortization, stock-based compensation and other items) of $1.86 million for the quarter ending March 31, 2008 as compared to $643,845 in the same period last fiscal year.
General and administrative expenses increased to $1.79 million for the quarter compared to $1.36 million for the comparable period last year. This increase is a result of additional administration costs incurred for the international and United States operations, higher insurance costs as a result of increased assets, increased salaries and increased travel and promotion costs. As a percentage of revenue in the third quarter of fiscal 2008, general and administration costs at 11% have decreased from the 15% recorded in the prior year period and 12% in the second quarter fiscal 2008. While the Company has maintained salaries at the cost of living index for the past couple of years, it is expected that during this fiscal year the salaries will increase at a higher percentage.
Amortization of property, plant and equipment for the quarter ending March 31, 2008 increased to $626,948 compared to $389,200 in the third quarter of fiscal 2007. The increase is due to an increased property, plant and equipment base. Amortization expense increased marginally during the quarter when comparing the third quarter expense of $626,948 to the expense of $547,639 in the second quarter of fiscal 2008. This increase is a result of additions of property plant and equipment.
Net income, after taxes, increased to $731,277 for the quarter ending March 31, 2008 as compared to $130,793 recorded in the third quarter of fiscal 2007. This represents an increase of 526% that is directly related to the increased revenues and the improved gross margin.
Nine Months Ended March 31, 2008
Revenues for the nine months ending March 31, 2008 were $44.01 million compared to $26.76 million in the nine months ending March 31, 2007, a 64% increase. This increase can be attributed primarily to growth of revenues from all international divisions in addition to Ontario growth of 54% and Atlantic growth of 44%. International revenues represented 19% of revenues for the nine month period as compared to 2.0% for the same period in fiscal 2007.
The gross margin for the nine months ending March 31, 2008 was 24.6% compared to 23.8% during the same period in fiscal 2007. The increase in gross margin is primarily due to higher margins earned by the international operations. Direct costs for the nine months ending March 31, 2008 were $33.19 million compared to $20.39 million for the comparable period in fiscal 2007.
General and administrative expenses were $4.79 million for the nine months ending March 31, 2008 compared to $3.87 million for the same period last year. This increase is a result of additional administration staff and costs incurred for the international and United States operations, increased salaries, higher audit costs, new costs attributed to establishing our international shipping centre in Kirkland Lake, Ontario, plus increased travel and higher training costs. Overall general and administration costs have decreased as a percentage of revenue to 11% during the first nine months of fiscal 2008, as compared to 14% during the same period in fiscal 2007.
Amortization of property, plant and equipment for the nine month period ending March 31, 2008 increased to $1.69 million compared to $1.04 million in the same period of fiscal 2007. The increase is due to substantial capital equipment additions made during fiscal 2007 and during the first nine months of fiscal 2008.
The Company incurred a $286,549 interest expense during nine months ending March 31, 2008 compared to $161,344, during the same period in fiscal 2007. The increase is primarily due to the increased utilization of the operating line to finance the additional accounts receivable, increased inventories and capital asset acquisitions experienced as a result of the significant growth in business in fiscal 2008.
Net income, after taxes, increased to $2.62 million for the nine months ending March 31, 2008 as compared to $764,293 recorded during the same period of fiscal 2007. This represents an increase of 243% that is directly related to the increased revenues and the improved gross margin.
The Company recorded EBITDA (earnings before interest, tax, amortization, stock-based compensation and other items) of $6.06 million during the nine months ending March 31, 2008 compared to $2.57 million in the same period last fiscal year.
Consolidated total assets increased $12.79 million to $39.76 million at March 31, 2008, compared to $26.97 million at June 30, 2007. The increase is primarily due to the higher accounts receivable from increased revenues, additional inventory and additions to capital equipment.
Consolidated total liabilities increased by $6.65 million to $20.30 million at March 31, 2008, from $13.66 million at June 30, 2007, primarily as a result of the increased utilization of the operating line of credit required to fund the increased receivable, inventory and capital assets levels. Unearned revenue increased by 16% during the period to a total of $3.06 million at March 31, 2008 primarily from projects in Spain, Panama, Mexico and Ontario.
The Company's current cash (cash and cash equivalents) position at March 31, 2008, is $1.03 million compared to $422,337 at June 30, 2007. Short term investments and marketable securities decreased $48,818, from $204,460 at June 30, 2007, to $153,642 at March 31, 2008. There were no dispositions during the quarter but the decrease is attributed to the adjustment to market value at March 31, 2008. The unrealized loss of $48,818 is recorded on the Statement of Comprehensive Income.
Cash flow from operations (before changes in non-cash operating working capital items) was $4.33 million during the nine months ending March 31, 2008 as compared to $1.78 million earned in the same period in the prior fiscal year.
Working capital increased by $4.17 million from $3.27 million at June 30, 2007 to $7.44 million at March 31, 2008. The increase is primarily related to improved financial results during the period and the exercise of warrants in August and October, 2007.
The Company has worked towards its strategic objective of becoming a drilling service provider of sufficient size to benefit from economies of scale and to provide the foundation from which to pursue new opportunities. Cabo is well positioned to capture an increase in revenues as the demand for mineral exploration, development and mining continues to grow. The Company's strategy is to implement a comprehensive human resources program, incorporate a "raving fans" customer relations philosophy, and achieve operating and administrative cost controls and efficiencies through the implementation of new management systems and reports.
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Kirkland Lake, Ontario; Montreal, Quebec; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt, President and CEO
Further information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com).

Tschonko ich glaube wir sind die einzigen hier die Cabo im Depot haben, genauso wie die zwei Arschbacken oben,aber die Cabo ist schoen in gruen.

habe neulich eine Präsi von Cabo-CEO John Versfelt besucht. Der war zwar sympathisch und das Geschäftsmodell passt schon, weil die total ausgebucht sind. Habe trotzdem erst mal keine Aktien gekauft. John sprach mir zu viel von Knappheit an Manpower und Rigs in der Branche. Er müsse Aufträge ablehnen und recht viel "Sozialarbeit" leisten, damit er seine Leute halten kann. Offenbar sind in der Drilling-Branche viele Driller Alkoholiker.

Ich weiß: das per se spricht nicht gegen die Aktie. Aber völlig überzeugend war die Präsi nicht (das Essen dazu schon... ), weil eben das Wachstum eher linear-überschaubar kommen wird. Und damit auch die CFs.

Hallo Pauli,
wo war die Präsi?

Man müsste noch bei sedar nachschauen, wieweit sie die Schulden abbauen.

Aber wenn man sich das anschaut, kann man nicht viel falsch machen bei einer MC von gut 30 Mille....

IMI.V Anteile sind auch noch da, aber das ist eher Fliegenschiss.

- A current asset balance of $26.48 million and working capital of $7.44 million.
- Total assets of $39.83 million and total liabilities of $20.30 million.
- Cabo's international operations recorded revenues of $4.54 million or 28% of total quarterly revenues.

http://www.cabo.ca/index.php?o…task=view&id=24&Itemid=35

Issued and Outstanding: 47,742,013

Options (exercisable at):
Price Shares $0.50 91,667 $0.65 719,132 $0.75
1,125,849 $0.85 719,186 $1.00 91,668
Total Options: 2,747,502
Fully Diluted: 50,489,515

Grüße
Tschonko

PS: Eldo, wenn wir die Arschbacken sind, wer ist dann das A....

Tschonko
Präsi war in FFM vor etwa 4 Wochen.
Ich habe ja gar nichts gegen die Firma gesagt. Die werden ihren Weg gehen und sind wie gesagt ausgebucht und können wirklich gute Preise durchsetzen. Es geht hier nur darum, dass das WACHSTUM auf der UMSATZseite trotzdem eher linear laufen wird, weil die Geräte und die Leute dazu derzeit WELTWEIT echte Engpässe sind. Einen HEBELeffekt, den man bei Gold-Minen oder Öl-Service-Gesellschaften normalerweise erwarten würde, muss es daher nicht zwangsläufig geben. Das ist übrigens auch der Grund, warum die gesamte Ölservice-Branche in den letzten drei Jahren (also von Öl 50 -> 130) den Ölpreis selbst NICHT outperformt hat, im Gegenteil.
Ich schließe aber nicht aus, dass -bei anhaltend hohen Ölpreisen, die ich ja erwarte- irgendwann auch die Analysten merken, dass sie in ihren Gewinnmodellen für diese Gesellschaften höhere Margen einkalkulieren können. Bei den Goldminenmodellen wird ja auch zT noch mit Goldpreisen von 650$/oz gerechnet.
Daher ist Cabo vermutlich schon ein gutes Investment. Immerhin HABEN die nach Aussagen des CEO etwa 100 komplette Rigs samt zugeh. Bedienmannschaft gesichert (Eigentum / nicht geleast). Das alleine ist heute schon sehr wertvoll.

Hallo Pauli,
Ich hab auch nicht gesagt, dass du was gegen die Firma gesagt hast...

Cabo ist gegen die anderen Driller nicht soo gut gegangen. Schau EGD.V 8Energold) Oder TLR (Timberline) gar nicht zu sprechen von den Gro0en.

Aber wir haben hier bei einer Anti-PR mit diesem Quartal einen Neuanfang. Dieses Qu. ist ja traditionell schwach, was heißt von Qu 3 und 4 können wir uns noch viel mehr erwarten.

Überflieg mal die ersten 2 Seiten vom Energold Thread. Da war die Situation ähnlich damals.
Die waren so was von unterbewertet. Heute schwimmen die im Geld und sind 500% gestiegen.

Du kannst dir auch in diesem Thread zu deinem Gaudium meine Sudereien vor 2-3 Jahren anschauen....

Schon allein aufgrund der (kommenden) Zahlen "muss" Cabo gehen. Außer sie werden rausgenommen.

Grüße
Tschonko

Zitat von Eldorado

Tschonko ich glaube wir sind die einzigen hier die Cabo im Depot haben, genauso wie die zwei Arschbacken oben,aber die Cabo ist schoen in gruen.

Halt halt ihr zwei.
Ich bin als Ritzenflitzer auch mit dabei.

Gehör auch dazu.

Kuddel.

Silberfuchs und kuddel,
gratuliere, sie werden gewinnen!

Cabo to Drill 15,000 Meters for Burin Minerals
Monday June 16, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 16, 2008) - Cabo Drilling Corp.'s (TSX VENTURE:CBE - News; "Cabo" or the "Company") Atlantic division has entered into a contract with Burin Minerals Ltd. to drill 15,000 meters on Burin's fluorspar properties located on the southeast coast of Newfoundland.
The Company will supply a unitized Longyear 38 drill for this project with the client having the option of requesting a second drill at a later date. Drilling commenced on the project June 11, 2008.
About Burin Minerals Ltd.
Burin Minerals Ltd. is a registered Newfoundland & Labrador mining company and a wholly owned subsidiary of Burin Fluorspar Limited of Alberta, Canada. Burin Minerals owns mineral licenses and mining leases to all the major fluorspar deposits located at the town of St. Lawrence on the Burin Peninsula, on the southeast coast of Newfoundland. The fluorspar resources are of high-quality with over 8 million tonnes of measured and indicated resources and a further 2.2 million tonnes of inferred resources.
About Cabo Drilling Corp. (TSX VENTURE:CBE - News)
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the Frankfurt Exchange under the symbol: DHL and on the TSX Venture Exchange under the symbol: CBE.
ON BEHALF OF THE BOARD
John A. Versfelt, Chairman, President and CEO
Further information about the Company can be found on the Cabo website (http://www.cabo.ca) and SEDAR (www.sedar.com).

[quote='Tschonko',index.php?page=Thread&postID=278674#post278674] Silberfuchs und kuddel,
gratuliere, sie werden gewinnen!

Tschonko

Von mir aus kann's mit dem Gewinnen losgehen. Mein Depot ist nach oben offen.
Cabo steht bei mir ohnehin noch leicht mit roten Zahlen. Aber dafür steuerfrei

Was immer das heißen mag!

Cabo Drilling Recognized as One of the 2008 TSX Venture 50
Thursday June 19, 9:00 am ET
NORTH VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 19, 2008) - Cabo Drilling Corp. (TSX VENTURE:CBE - News; FRANKFURT:DHL - News; "Cabo Drilling" or the "Company") is pleased to announce its selection as one of the 2008 TSX Venture 50. The TSX Venture 50 are the top 10 companies in each of five major industry sectors - mining, oil & gas, technology & life sciences, diversified industries and cleantech - based on a ranking formula with equal weighting given to one-year revenue (last reported 12 months), return on investment, market cap growth and trading volume. All data was as of December 31, 2007.
"With over 2,100 companies listed on the TSX Venture Exchange we are extremely proud to be included in the "2008 TSX Venture 50." To be recognized amongst our peers as one of the top 10 companies in our sector truly demonstrates the accomplishment of our Company and the hard work and diligence of the entire Cabo Drilling team over the four short years that we have been a publicly traded drilling company" said John Versfelt, President and CEO.
"We look forward to another year of hard work, corporate growth and success for our shareholders as we continue to expand our markets and provide exceptional service to our clients. On behalf of the Company and our shareholders, we thank the TSX Venture Exchange for its recognition of Cabo Drilling."
About Cabo Drilling Corp. (TSX VENTURE:CBE - News)
Cabo Drilling Corp. is a drilling services company headquartered in North Vancouver, British Columbia, Canada. The Company provides mining related and specialty drilling services through its Canadian divisions in Surrey, British Columbia; Montreal, Quebec; Kirkland Lake, Ontario; and Springdale, Newfoundland; as well as Cabo Drilling de Mexico S.A. de C.V. of Hermosillo, Sonora, Mexico; Cabo Drilling (Panama) Corp. of Panama, Republic of Panama; and Cabo Drilling Spain S.L. of Sevilla, Spain. The Company's common shares trade on the Frankfurt Exchange under the symbol: DHL, and on the TSX Venture Exchange under the symbol: CBE.