AJ Lucas restores drilling profits as first-quarter operations recover

• First-quarter revenue of $31.4 million, down from $35.7 million a year earlier
• Australian Operations EBITDA recovered to $6.3 million from a $1.2 million loss in the previous quarter
• Group EBITDA was $6.0 million, versus $6.7 million excluding last year’s UK settlement
• Operating cash flow was negative $4.6 million, with $5.9 million cash at quarter end