Impacts from hurricanes Ike and Gustav led to
a 23% decline in production in 2008. On lower
prices and production shut-ins,our 2009 sales
estimate is 621.37 millions. We expect
the start-up of the Daniel Boone prospect
in the Gulf of Mexico in the second half of 2009
to offset production losses early in the year.
WTI's 2009 drilling program is expected to revolve
around development wells, including
Daniel Boone.
Despite slower activity in the second half of
2008, and a weak production, WTI
continued to show a solid exploratory drilling
success rate of 78% in 2008, the benefits of a
high-graded inventory of properties.
We forecast a 2009 loss per share of $0.78, but see improvement in the second half of 2009,2010 would be a strong rebound year for wti,both form the oil & gas prices and demand side.We forecast a 2010 earning per share of $1.87, substantial increase versus year ago

We issue a BUY opinion and the target price is $30

New Constructs Research Corp.