Boart Longyear is focused on expanding its drilling services operations in emerging markets. For example, Boart Longyear currently captures an approximate 20% share of the Canadian oil sands exploration drilling services industry and Management intends to grow its market share by strengthening relationships with the major oil sands producers and capturing an increased proportional share of new drilling opportunities. Additional rigs were put in place and utilised for this purpose in early FY2006. The Canadian oil sands industry is forecast to grow by 24% in FY2007. The Company is also planning to leverage its drilling expertise to enter industries in which Boart Longyear has either a modest or no presence such as coal bed methane, construction and geotechnical industry segments. The Company estimates that these markets represent a signifi cant revenue opportunity for the Company.
