RATES

Rate Schedule

B-24, Mule OR Core Rig
      Standard Rate for Drill Time                                    $200/ hour
Superman or Minute Man
      Standard Rate for Drill Time                                    $235/ hour 
Combo (B-24 AND Superman)

       Standard Rate for Drill Time                                     $265/ hour  
Travel                                                                              $200/hour
Support Vehicle (travel only)                                         $150/hour
Per Diem (for travel over 4 hours)
                                 $150/ night per guy
Field Technician                                                             $75/ hour
Materials                                                                         Cost + 20%

Prevailing Wage w/one rig                                               $400/hour
Prevailing Wage w/combo                                               $450/hour


BASIS OF CHARGES

1. Travel time covers time spent traveling to and from the equipment yard in Livermore, to the job site/ meeting place. Drilling time commences at arrival at drilling site, and ends once drilling is completed and tooling is loaded back onto truck.

2. There is a four-hour minimum charge for all field services. Thereafter time will be billed in ½ hour increments.

3. 72 hour notice required for cancellation. If proper notification is not received, 4 hour minimum charges apply.

4. Two site maximum per day.

5. Payment terms: Net 30 days. After 60 days from invoice date and for every 60 days thereafter, a late fee of 20% will be applied.

6. Any special requests of tooling will include an additional ½ hour charge for assembling and loading.

7. An overtime rate of 1.5 times the basic rates applies after 8 hours of work (drilling time only).