Yes the drilling business does seem more stable, I don't think TTN would be anywhere near as beaten down if not for the camps business and the loss of those two big contracts. The utilisation of the drilling rigs and the revenue level of the Hofco business sounds ok if not a bit lower than the pcp but its the camp business that is really dragging them down.
The CSG projects will still need wells drilled to maintain production. A potential flagged saving of $1M per annum in overheads is a step in the right direction also.
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $6.046M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $735 | 351.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 19472242 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 4567020 | 6 |
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| Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
| AUK (ASX) Chart |