TGC Industries - Öl und Gasindustrie - 500 Beiträge pro Seite

[Kostolanys Erbe]

Hi Leute,

sind im Bereich zum Aufspüren von Öl und Gasreserven tätig und profitabel! Letzten Zahlen waren super !!!

WKNR 924474
oder Kürzel TGCI

Market cap: $ 18.25M
Shares out: 5.77M

Der Vorstand kauft massiv eigene Aktien!!!

TGC Industries, Inc.. The Group`s principal activity is to provide geophysical services. The services are provided through conducting seismic surveys and to a lesser extent through sales of gravity information from the Company`s Data Bank to companies engaged in the exploration for oil and gas in the United States. The survey is done using seismic, gravity or magnetic instruments and provides data about the properties of earth, which is then interpreted by various means to obtain useful information for oil and gas companies. The two survey techniques used by the Company in acquiring geophysical data are seismic and 3 gravity. Land seismic surveys are the Group`s principal method of data acquisition and are the most widely used geophysical technique.



TGC Industries Reports Record Revenues and Income From Operations for 2004

MONDAY, FEBRUARY 28, 2005 8:00 AM
- BusinessWire
TGCI
3.16 -0.14


PLANO, Texas, Feb 28, 2005 (BUSINESS WIRE) -- TGC Industries, Inc. (TGCI) announced today record annual revenues and a 428% increase in income from operations before income taxes for the year of 2004.

The Company reported revenues of $20,084,175 for the year ended December 31, 2004, compared with revenues of $8,468,051 for the same period of 2003. Net income for 2004 increased 417% to $2,868,339 (before dividend requirements on preferred stock), compared with net income of $555,165 (before dividend requirements on preferred stock) for the same period of 2003. Diluted earnings per common share for 2004 were $0.24 compared with diluted earnings per common share of $0.04 for the same period of 2003, while basic earnings per share were $.45 for 2004 versus $.05 for 2003.

At December 31, 2004, the Company had available, to offset future taxable income, net operating loss carryforwards of approximately $6,987,000, which loss carryforwards expire at various dates through 2024. Current year federal regular income taxes are being offset with these loss carryforwards. However, in 2004 the Company incurred approximately $14,838 of federal alternative minimum tax and $49,289 of income taxes to various states. These taxes are reflected as current tax expenses on the statements of income.

Wayne Whitener, President and CEO of TGC Industries, Inc., stated that: "We are optimistic about our future because of the results for 2004. Should this increased level of activity continue, management believes that the Company will be able to operate at a three-crew level through 2005."

Mr. Whitener further stated: "In February 2005, the Company applied for listing of its common stock on the American Stock Exchange. Although no assurance can be given, the Company is optimistic that the American Stock Exchange will approve the listing of its common stock in the near future."

This report contains forward-looking statements which reflect the view of Company`s management with respect to future events. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that expectations will prove to have been correct. Important factors that could cause actual results to differ materially from such expectations are disclosed in the Company`s Securities and Exchange Commission filings, and include, but are not limited to, the dependence upon energy industry spending for seismic services, the unpredictable nature of forecasting weather, the potential for contract delay or cancellation, the potential for fluctuations in oil and gas prices, and the availability of capital resources. The forward-looking statements contained herein reflect the current views of the Company`s management, and the Company assumes no obligation to update the forward-looking statements or to update the reasons actual results could differ from those contemplated by such forward-looking statements.

TGC, based in Plano, Texas, is a geophysical service company which primarily provides 3-D seismic services to oil and gas companies. It also maintains a geophysical gravity data bank.

TGC Industries, Inc.
Condensed Balance Sheets

December December
31, 31,
2004 2003
----------- -----------


Cash and cash equivalents $1,829,903 $1,025,221
Receivables (net) 1,655,085 797,454
Pre-Paid expenses and other 352,245 136,816
----------- -----------
Current assets 3,837,233 1,959,491
Other assets (net) 3,395 4,824
Property and equipment (net) 5,483,165 794,635
----------- -----------
Total assets $9,323,793 $2,758,950
=========== ===========

Current liabilities $2,984,099 $632,897
Long-term obligations 1,769,629 182,714
Stockholders` equity 4,570,065 1,943,339
----------- -----------
Total liabilities & equity $9,323,793 $2,758,950
=========== ===========



TGC Industries, Inc.
Statements of Income

Twelve Months Ended
December 31,
2004 2003
------------ -----------


Revenue $20,084,175 $8,468,051

Cost and expenses:
Cost of services 15,777,204 6,948,885
Selling, general, administrative 1,313,626 932,709
Interest expense 60,879 8,792
Debt financing costs -- 22,500
------------ -----------
17,151,709 7,912,886

INCOME FROM OPERATIONS BEFORE INCOME TAXES 2,932,466 555,165

Income tax expense current 64,127 ---
------------ -----------

NET INCOME 2,868,339 555,165

Less dividend requirements on preferred stock 300,313 302,998
------------ -----------

INCOME ALLOCABLE TO COMMON STOCKHOLDERS $2,568,026 $252,167
Earnings per common share:
Basic $0.45 $0.05
Diluted $0.24 $0.04

Weighted average number of common shares
outstanding:
Basic 5,752,347 5,546,132
Diluted 11,844,280 6,279,109


SOURCE: TGC Industries, Inc.

TGC Industries, Inc., Plano
Wayne Whitener, 972-881-1099
[e-mail]

Latest Insider Transactions

William C. Hurtt 18,200 Open Market Purchase 02/04/2005
Director and Beneficial Owner of more than 10% of a Class of Security

William C. Hurtt 10,000 Stock Gift 01/12/2005
Director and Beneficial Owner of more than 10% of a Class of Security

William C. Hurtt 60,000 Open Market Purchase 12/14/2004
Director and Beneficial Owner of more than 10% of a Class of Security

William C. Hurtt 75,000 Stock Gift 12/13/2004
Director and Beneficial Owner of more than 10% of a Class of Security

Herbert M. Gardner 11,000 Stock Gift 12/13/2004
Director and Beneficial Owner of more than 10% of a Class of Security



Market cap: $ 18.25M
Shares out: 5.77M


Per share data
Earnings (1 year): 0.21

Current P/E Ratio: 13.74

Cash Flow: $ 0.43

Cash (last quarter): $ 2.25M

Annual Dividend: n/a

Book Value: $ 0.49

EBITDA: $ 1.33M


Was meint ihr?

Kosto

[Kostolanys Erbe]

keiner eine meinung?

ist wohl das falsche board für hot stocks zu diskutieren

....alle nur heiss auf frick!!
ich glaub das nicht...wie er euch lemminge schön abschlachtet!!!
aber lauft nur hinter her...


kosto

[Kostolanys Erbe]

schade,
das keiner eine meinung hat

kosto