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1.

Exhibit 1 Analysis of Kendrick, Corey and the average values (used for the price determination)

Total revenue

Kendrick

Corey Construction

Average

$225.000,00

$324.000,00

$274.500,00

Total feet driven

15000

12000

$13.500,00

Revenue per foot

$15,00

$27,00

$21,00

Convential pads
Total pads used

CMI Pads

Convential pads

CMI Pads

Convential pads

CMI Pads

480

600

540

5,5

31,25

2500

20

2400

25,625

2450

Total time in change (in m)

400

1000

700

Total hours (no downtime)

100

75

75

60

87,5

67,5

Total hours (with downtime)

107

75

92

60

99

68

Average feet per hour

141

200

131

200

136

200

$150,00

$120,00

$135,00

$6,25

$10,00

$8,13

Foot per pad

Total cost per set


Total cost per pad
Total cost per foot driven

$0,24

$0,12

$0,18

$3.000,00

$6.000,00

$4.500,00

$76.160,00

$53.597,60

$65.450,00

$42.887,60

$70.805,00

$48.242,60

Total savings (regarding hourly costs)

$22.562,40

$22.562,40

$22.562,40

Savings per foot driven (regarding hourly costs)

$1,50

$1,88

$1,69

Total pad cost


Total hourly costs *1

Savings using CMI (regarding hourly costs - % total revenue)


10,03%
6,96%
0
8,50%
*1 Hourly costs do not take into consideration hidden costs as it is clearly stated that these costs are not connected with driving or changing pad time. Values use ([1] Table A, Average Cost per
Real hour)