| Ticker: DPSI | 901 N.E. Loop 410, Suite 700 | |
| Exchange: NASDAQ-National Market | San Antonio, Texas 78209 | |
| Industry: Natural Resources | (210) 828-1838 |
| Type of Shares: | Common Shares | Filing Date: | 1/22/96 | |
| U.S. Shares: | 2,275,000 | Offer Date: | 3/20/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 2,275,000 | Offer Price: | $10.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.70 | |
| Offering Amount: | $25,025,000 | Selling: | $0.42 | |
| Expenses: | $750,000 | Reallowance: | $0.10 | |
| Shares Out After: | 6,038,425 |
| Manager | Tier | Phone |
| Jefferies & Company Incorporated | Lead Manager | (800) 933-6656 |
| Southcoast Capital Corp | Co-manager | (504) 528-9174 |
| Auditor: KPMG Peat Marwick | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 3/31/95 | 12/31/95 | 12/31/94 | 12/31/95 | ||
| Revenue: | $36.01 | $38.95 | $23.03 | Assets: | $44.38 |
| Net Income: | $1.06 | $0.86 | $0.70 | Liabilities: | $24.67 |
| EPS: | $0.42 | $0.30 | $0.29 | Equity: | $19.72 |
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company provides workover and production services for oil and gas wells in Texas and Louisiana. The company is engaged in the business of providing: (i) workover rig services, including completion of new wells, maintenance and recompletion of existing wells (including horizontal recompletions) and plugging and abandonment of wells at the end of their useful lives; (ii) liquid services, including vacuum truck services, frac tank rental and salt water injection; and (iii) production services, including well test analysis, pipe testing, slickline wireline services and fishing and rental tool services. For the last nine months of 1995, the company derived approximately 54%, 27% and 19% of its revenues from its workover rig services, liquid services and production services, respectively. The company's services are utilized by major oil and gas companies as well as independent producers to optimize performance of oil and gas wells. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to repay long term debt, to acquire businesses and assets and for working capital and general corporate purposes. |
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