TSXV:WEE.H - Post by User
Comment by
mrtnreaon Oct 19, 2010 2:23pm
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Post# 17583116
RE: titan oil & gas
RE: titan oil & gasTitan's results to me seem very vague. Definately I need to do more analysis. GOJO your CO2 observation is good. I think we want CO2 floods to dispose of CO2 not create more.
With Wavefront I can easily calculate the $$$$ cost and $$$$ earned for the producer. I can see recurring revenue for Wavefront. I can see extended life of wells over a long period of data not just one time applications.
I do notice the LONG TIMEFRAME that titan has gone through which matches Wavefront's situations dealing with a glacial industry.It would be nice to know who they are trialing their service with. Perhaps a phone call will give those answers. I also didn't realize they were a public company.They weren't 2 years ago. Diognees, if they are public do you have a chart of the SP.That may tell the tale as I saw them written up as THE FUTURE a year or so ago. Perhaps another PUMP and DUMP back then.
What I don't see is $30 million in the bank, patents, and near term break even with 1 client and other clients looking to expand.
Now if Pemex offers Titan a contract that would be a real downer. But then again I haven't seen a LOI with Titan and Pemex either.
Mrtnrea