re: good buying revenues for thk last quarter was less than $500,000. if you annualise this its obviously $2mill
I believe they spent close to $20 mill with their drilling program, so lets face it, its not the best return in the world. (in fact its schite really)
Hence the sp pain.
HOWEVER, and here is the upside once Schlumberger complete its review and all the extra wells are switched on to become producers, I'm thinking that thk would expect to increase revenues from $2 mill per year to maybe up to $10 mill per year with really very little extra cost involved.
I think i have just talked myself into buying some thk guys!!!
MC
THK
unknown
