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Titan Energy Services to discuss Coal Seam Gas opportunities at "Stars in 2012" in Sydney  Join our daily free Newsletter

MENAFN - ProactiveInvestors - Australia - 20/11/2012

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Titan Energy Services listed on the ASX less than a year ago and has already delivered a NPAT of $2.3m and a fully franked dividend. The company will present at “Stars in 2012” in Sydney next week, along with Southern Hemisphere, Pancontinental, AusTex, Eastern Iron and Ezeatm.
(MENAFN - ProactiveInvestors - Australia) Titan Energy Services (ASX: TTN) has made some significant achievements since listing on the ASX at the end of 2011, including in its maiden year delivering 3.9 million in earnings before interest and tax, 2.3 million in net profit after tax and a 0.02 fully franked dividend.

Jim Sturgess, managing director for Titan Energy Services, will be presenting at the "Stars in 2012 Series" in Sydney on Wednesday 28th November 2012.

Registration is free, but you must register to attend as this is a private function.


The company's Atlas Drilling business, which was established in 2007 to capitalise on the impending increase in Coal Seam Gas drilling as major projects progressed towards production and became operational, has been performing strongly.

Atlas and its management team have now been building their reputation within the drilling industry for five years and delivered their most successful year to date during 2011/12, in-terms of quality of contracts and profitability.

Forecast earnings growth

Earnings are expected to grow considerably for Titan Energy Services, with the group recently upgrading the EBIT guidance by 1 million, and now expect full year EBIT to be 8.0 million - 9.0 million for 2012/13.

The company is also well placed to take advantage of the significant growth being experienced within the Coal Seam Gas sector.


The One2One Forum brings you five exciting companies presenting.

The event is FREE, but registration IS A MUST.

DETAILS: The event will be held on Wednesday 28th November at the Radisson Blu Hotel, corner of Pitt and O'Connell Street, Sydney from 5.30pm.

The event will be followed by a wine and canap reception where you can interact with the presenting MDs & CEOs.

LUCKY DOOR PRIZE: All attendees instantly go into the draw to win 1 of 3 lucky door prizes (including early prize) drawn on the night: a 100 Apple voucher (early bird prize), a 100 voucher for Radisson Blu Hotel, or a 100 Ticketek voucher.


Ezeatm (ASX: EZA) is the largest ASX-listed ATM deployer and is continuing along a rapid growth path, following preferred supplier agreements with Metcash and the DIB Group of companies.

Southern Hemisphere Mining (ASX: SUH, TSX-V: SH) is focused on Chile in South America, and wholly owns the Llahuin Copper/Gold Project. Earlier in the month the company raised US5 million at a 47% premium in a placement to the C3 billion Lundin Mining Corporation (TSX: LUN).

Titan Energy Services (ASX: TTN) provides a range of energy services including drilling, camp hire and remote camp management, to the coal seam gas industry. Long term contracts have being reached with three of the four major coal seam gas developers for its drilling rigs.

Eastern Iron (ASX: EFE) is targeting iron ore on the infrastructure-rich, eastern seaboard, which is home to the bulk of Australia's industrial capacity, population, workforce and markets.

AusTex Oil (ASX: AOK) produced 500 bpod oil Net Production in the last week of September, with gross sales for the qtr US1.4m, up 33% on June qtr. The 2012 Vertical Well development program is delivering two new wells per month. AusTex has 2P Reserves of 5.9m BOE and a 2P 10% NPV est. of 288m.

Pancontinental Oil & Gas (ASX: PCL) holds petroleum exploration acreage in Kenya, a growing hotspot for the oil and gas industry as well as assets in Namibia, and Western Australia.


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