Given that we know that thk generated $2.5M AUD from the testing flows on their wells (not including the newest ones and the metro and devon ones), this should produce a lot more revenue soon from the conventional gas zones.
sure we have to wait for the big players for the unconventional stuff but it shouldnt take too long and the rewards will be great. horizontal drilling is the key.
either way. even if thk only triple the flows from the conventional wells and is making around 7.5 mill. With a Market cap of around 20mill i think its a great buy.
essnetially the very valuable acerage it has (plus the 12.5 option over 230,000 acres) comes for free.
this one is ripe for the bottom draw.
THK
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