Hughes Drilling (ASX:HDX) should trade firmer after being awarded a $2 million water well drilling contract in Western Australia.
It involves the drilling, construction and testing of two bores in the Yarragadee aquifer for the purpose of installing a geothermal heat exchange system for a leisure centre.
In May, Hughes was awarded new water boring contracts for the Water Corporation of Western Australia and Sirius Resources (ASX:SIR), and blast drilling contract extensions for Jellinbah Resources and Yancoal Australia (ASX:YAL).
Hughes is Australia’s largest coal production and resource delineation drilling provider, and is capitalised at $33 million.
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