THK unknown

re: good buying great news today. company remains focused on...

  1. smm
    550 Posts.
    re: good buying great news today. company remains focused on getting into production.

    im beginning to see the strategy here. tomahawk is really reliant on devon to horizontally drill and frac stimulate the big unconventional shales, which may be up to a well porgressed stage already but thk cant disclose the info (and big us companies dont release much more than each qtr). this is fine by me because these guys are the pros and get the most out of it.

    in the meantime the cashflow for the company's participation in the option for the 12.5 of 230000 acres will come from the conventional plays which will yield significantly more than the 2.2million pa thk already make.

    the schlumberger assessment including the 3dc seismic should expand the resource and prod potential quite a bit.

    plus dont forget the 4 metro wells, the 6 devon wells.

    exciting stuff.
 
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Currently unlisted public company.

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