Brief: Orbit Garant Provides Update On Its Drilling Operations Impacted By Québec Wildfires

Orbit Garant Drilling

30/06/2023 22:31

Forage Orbit Garant Inc  OGD.TO :
    * ORBIT GARANT PROVIDES UPDATE ON ITS DRILLING OPERATIONS
IMPACTED
BY QUÉBEC WILDFIRES
    * ORBIT GARANT DRILLING INC - IT WAS FORCED TO SUSPEND ALL
ITS
SURFACE AND UNDERGROUND DRILLING PROJECTS IN QUÉBEC
    * ORBIT GARANT DRILLING INC - IT WAS FORCED TO SUSPEND ONE
PROJECT
IN ONTARIO AS A RESULT OF RECENT FOREST FIRES IN QUÉBEC
    * ORBIT GARANT DRILLING INC- EXPECTS SUSPENSION OF THESE
DRILLING
PROJECTS WILL RESULT IN REVENUE REDUCTION OF ABOUT $6 MILLION
FOR ITS FISCAL 2023 Q4
    * ORBIT GARANT DRILLING - NOW EXPECTS THAT DRILLING ACTIVITY
IN
QUÉBEC WILL START RAMPING UP AGAIN AT BEGINNING OF JULY 2023,
CONDITIONS PERMITTING
    * ORBIT GARANT DRILLING INC - RESTARTED OPERATIONS ON
SUSPENDED
PROJECT IN ONTARIO EARLIER THIS WEEK

Source text for Eikon:  ID:nCNWtDpr8a 
Further company coverage:  OGD.TO