THK unknown

No matter what news they release the share price falters.No...

  1. 76 Posts.
    No matter what news they release the share price falters.No doubt it will get back to $1.00 plus levels however what is needed is details of cash flows and information re cost of drilling wells. Everyone seems perturbed by the cost of drilling. I know I will be satisfied with 115 wells producing upwards of $AU300,000 to $AU500,000 for the next 20 years.That is spacing the wells at 1 well to 40 acres whereas a previous report indicated that they should be 20 acres apart.In 5000 acres thats 125 or 250 wells. Wait while the option is exercised on furthur 25,000 acres. At a meeting of US partner in Perth last year their belief was that every well would be productive.Sit back, be patient and look to the future
 
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Currently unlisted public company.

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