Koil Energy Solutions, Inc. (KLNG)
OTCMKTS · Delayed Price · Currency is USD
2.675
+0.075 (2.88%)
At close: Nov 13, 2026
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Planet MicroCap Showcase: Toronto 2026

Oct 28, 2026

Summary

Equipment spending will be tied to secured projects, with a Nigeria job providing about half a year to prepare pumps and equipment. Strategy prioritizes control systems and adjacent products, with substantial room to grow in a large market.

Speaker 1

Where else are you going to put the money in? How long does it take to bring the equipment to market?

Erik Wiik
President and CEO, Koil Energy Solutions

Yeah. The other equipment we're looking at is on the underrollers for the reel drives and also smaller carousels. We have opportunities for it. But the most important question was your last one, is that we're not investing in this until we have the project. So, we're not going to invest in rental equipment and wait for the first job. We're going to have the first job first. So, we have time to do that. On the pre-commissioning job I showed you in Nigeria, we won it in March, we're mobilizing now. So, which gives you a good half year to buy the pumps, develop the equipment, test it, set it up, et cetera. So, the risk is under control here.

Moderator

Any other questions? Okay.

Speaker 1

Is there any other business lines that you want to branch into, aside from the umbilicals and the carousels and such? Do you see yourself at some point providing the floating platforms or whatnot if you can get the capital?

Erik Wiik
President and CEO, Koil Energy Solutions

Yeah. One of our advantages is that we're staying within the control system equipment. The reason we like it so well is because it's sticky with the customer relationship. They seem to be coming back to us. If we get into more of the pipeline work, the competition is bigger, and the margins are not that great. We have dabbled into some of those, and for instance, safety valves, we're getting into because it's related to our controls. We have delivered pig launchers, which is cleaning pipelines. We're getting into that because we don't see that much competition right there. We're going into a little bit on the adjacent product lines. But right now, the founder gave us so many products and services that we just need to tap into each one of those and maximize that. Right now, we can't even measure our market share.

Even at $40 million, I can't measure the market share, in the space we are in. That pie is huge. Our share is very small. We have so much to go after with the product lines we have.

Speaker 1

Thank you.

Moderator

Anyone else? Nope. Okay, great.

Erik Wiik
President and CEO, Koil Energy Solutions

All right.

Moderator

Thank you.