Exploration & Processing - Fall 2010 - (Page 108)
LANDDRILL INTERNATIONAL INC.
BY BRIAN SALGADO
NEW BRUNSWICK’S LANDDRILL INTERNATIONAL IS DEDICATED TO MAKING SURE ITS CLIENTS GET THE CORRECT DRILLING RESULTS THE FIRST TIME.
EVERY DRILL COUNTS
ince Landdrill International – a drilling contractor based in Moncton, New Brunswick – primarily caters to small- to mid-sized exploration companies throughout Canada, Ron Goguen Sr. explains his company’s clients cannot afford to be off target or delayed when it is time to drill. “You have to hit the target at the right depth and the right angle,” Goguen says. “If they think the mineral zone is at 800 meters and a guy gets stuck at 600 and never gets there, you’ll never know what you’ve got there.” Goguen started Landdrill International in 2004 with the purchase of five rigs. In early 2004, an opportunity arose to purchase a company in Mongolia called CanAsia, and Goguen transferred all his assets to that country, doubling sales in one year to $14 million. However, Landdrill International returned to its Canadian roots after the Mongolian government added a windfall tax of 68 percent of revenues on gold costing more than $500 an ounce and more than $1.50 a pound on copper. The company went from 100 percent Mongolian revenues to less than 5 percent in 2009, and Landdrill International experienced a turnaround in 2008 of $24 million. It dipped further to $14 million in 2009 due to the recession, but Goguen expects sales to rise again to $28 million in 2010. Variety of Services Landdrill specializes in a variety of diamond drilling services, including deep-hole drilling, directional drilling, reverse circulation drilling, underground drilling, packer testing, setting of instrumentation, grouting and logistics support. The company caters to clients that are about to go into production, and although Landdrill isn’t necessarily the least expensive driller on the market, Goguen says it is the most valuable over the long run. “If we want to go from two to five rigs, we’re able to do that,” Goguen says. “We’re able to lower the cost per meter. We might not always be the lowest going in, but we’re always the lowest coming out. It may be $80 per meter going in, but if a company doesn’t finish on time, that number goes up. “We go in with the equipment we need and we hit the target every time,” he adds.
Landdrill International services small- and mid-sized companies throughout Canada. Because these companies don’t often have ample financing, Landdrill International focuses on hitting the right drill target the first time.
Landdrill International Inc. www.landdrill.com HQ: Moncton, New Brunswick Employees: 200 Service: Drilling Ron Goguen Sr., president and CEO: “If they think the mineral
zone is at 800 meters and a guy gets stuck at 600 and never gets there, you’ll never know what you’ve got there.”
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Table of Contents for the Digital Edition of Exploration & Processing - Fall 2010
Exploration & Processing - Fall 2010
Profitable Path to Renewable Energy
Dynamic Air Shelters Ltd.
Elevating Boats LLC
Gazelle’s Oilfield Services Ltd.
International Alliance Group
Lydford Mining Co.
Offshore Inland Marine, Industrial & Oilfield Services
Q.B. Johnson Manufacturing Inc.
Thermo Design Engineering
Western Camp Services Ltd.
Western Copper Corp.
Alberta Welltest Incinerators
Blakely Construction Co. Inc.
Bluewater Constructors Inc.
Energy Fabrication Inc.
OFM Pump Inc.
Lithium Americas Corp.
New Dominion Construction Inc.
Owen Sound Ledgerock Ltd.
Reagan Equipment Co. Inc.
Swick Mining Services (Canada) Inc.
American Oil & Gas – The Goliath Project
Africo Resources Ltd.
American Tank Company Inc.
Atlas Copco Geotechnical Drilling & Exploration
Clarkco Oilfield Services Inc.
Energy Fuels Resources Corp.
ESA Renewables LLC
GPR Industries (1994) Ltd.
Helio Resource Corp.
Landdrill International Inc.
Laurel Aggregates Inc.
LoneStar Energy Fabrication
NioGold Mining Corp.
Pacific Booker Minerals Inc.
Phoenix Exploration Co.
Premium Rock Bit Corp.
Queenston Mining Inc.
RAE Engineering & Inspection Ltd.
Goldcorp – Red Lake Gold Mines
C-FER Technologies Inc.
Eden Stone and Valders Stone & Marble Inc.
Exploration & Processing - Fall 2010