ERF Wireless announced that its Oil & Gas Services division has expanded its operations to the State of Kansas to service a new contract with a multi-billion dollar global oil and gas exploration company. To date, the company's support of oil and gas drilling operations has been largely concentrated in Texas, New Mexico, Oklahoma and Louisiana, as well as areas in British Columbia, Canada. This new contract advances the company's objective to grow its footprint throughout North America, and senior management anticipates the Oil & Gas Services division's recent successes will continue into the foreseeable future.
According to ERF Wireless CEO Dr. H. Dean Cubley, "Our Oil & Gas Services division continues to win multiple new contracts and our revenues are accelerating accordingly. Due to these positive trends and the likelihood of continued contract wins, it is my expectation that the company is in an excellent position to reach cash flow positive by year's end if these trends continue."
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