Thrust Energy Corp. (TEGC) news stock charts
Thrust Energy Corp. (TEGC/TEGC.OB) Investment Summary:
Thrust Energy Corp., an exploration stage company, engages in the exploration, exploitation, development, and production of oil and gas projects in North America. It holds a 100% working interest in the La Vaca prospect, an oil and gas lease, covering 346.16 undeveloped acres located in Jim Wells County, Texas, the United States. The company was founded in 2004 and is based in Calgary, Canada.THRUST ENERGY CORP (TEGC:OTC Bulletin Board Market)
Snapshot of THRUST ENERGY CORP (TEGC)
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OPEN
$0.04
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PREVIOUS CLOSE
$0.04
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DAY HIGH
$0.09
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DAY LOW
$0.04
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52 WEEK HIGH
08/27/09 - $0.20
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52 WEEK LOW
03/25/09 - $0.02
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MARKET CAP
953.7K
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AVERAGE VOLUME 10 D
5.3K
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EPS TTM
--
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SHARES OUTSTANDING
13.6M
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TEGC Does Not Pay Dividends
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P/E TTM
--
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Key developments for THRUST ENERGY CORP (TEGC)
Thrust Energy Corp. filed its 10-K on November 30, 2009 for the period ending August 31, 2009. In this report its auditor, Chang Lee LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Thrust Energy Corp. announced that it has acquired its first working interest in Alberta. The project includes six natural gas wells that are estimated to produce approximately 940 mcf/day of natural gas. Thrust's working interest would initially be 4.9% and is expected to provide $46,000 in annual income based on current spot prices. Thrust has the right to increase its working interest in the project to 66%, resulting in annual income of $625,000 at current spot prices. The project is estimated to contain 4.3 Bcf of recoverable natural gas reserves.
Thrust Energy Corp. reported earnings results for the third quarter ended May 31, 2009. For the period, the company's net loss was $872 against $2,245 for the same quarter in the previous year.
Thrust Energy Corp. financial resources
TEGC Competitors
| Company | Last | Change | |
| No competitor information is available for TEGC. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | TEGC | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | 6.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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TEGC |
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TEGC transactions
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Target |
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Merger/Acquisition
November 25, 2009 |
Working Interest in 6 Alberta Natural Gas Wells |
More Recent Financial News About Thrust Energy Corp.
Thrust Energy Corporation acquires working interest in Alberta gas wells
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THRUST ENERGY CORP. Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Change in Shell Company S
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Thrust Energy Corporation acquires working interest in Alberta gas wells
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