"The Board of Thalassa is pleased to announce that advanced preparation of mobilisation for WGP's 2017 Spring North Sea projects is now well underway with operations anticipated to commence during April, as scheduled.
Further to last December's revenue outlook for 2017, the Board anticipates that WGP revenue from seismic operations will be between $15 and $16 million, up between 30% and 40% as compared to corresponding estimated revenue of $11.6 million for 2016. These estimates are provided assuming no cancellations or significant adverse weather conditions.
The Board confirms that the full year results to 31 December 2016 will be released during week commencing 10 April 2017."
Why doesnt Souky do everybody a favour and finish the job off at LSR Already owns 23% Something around 36/8p a share would get him through the door LSR are undertaking no asset maangement looking at the state of theh leases on some of the dross whittling hrough regional auctions and are probably getting within a sea view of book Its a real lame duck
What is he waiting for surely u he is cpable of back to backing some of the properties if he us under a financial squeeze Looks like he came a very distant second in the deal with Grahame Whateley
Chairman Soukup usual expansive prose commenting on macro economic issues as if he was the Tom Carney. Look there is always uncertainty but surely this company is able to look at leading indicators to give some indication of what progress or otherwise is possible in 2017. Simply saying the economic environment is so uncertain he can.t provide future earning guidance is a load of toss. That said assuming management is actually focused on some proactive targets and has some idea of what business is likely to come in this is a cheap play on the oil price rebounding. Come on Duncan stop pretending yiou are a big fish and knuckle down and grind out some growth. While you deliver these kind of state of the union addresses I worry that you have your head in the cloud! Get a grip of the operational metrics and stop trying to **** in the wind and complaining its a gale blowing out there!
This is mainly due to reserve releases, hedging gains etc, which although one-off in nature reflect well on THAL in terms of their ability to ascertain/manipulate the markets and plan ahead successfully and conservatively.
THAL has around £12.2m of cash and investments against the £13m m/cap, so the business itself is valued at almost nothing.
And a fresh buyback plan will help underpin the share price nicely.
The 2017 outlook of "cautious optimism" is also good to hear
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