MTQ Corp and Ezion, the rapid growth of the oil and gas industry

MTQ Corp FY2012 net profit surged 148% as compared to FY2011 while Ezion's net profit surged 227%

Ezion's report in the next 12 months:

The Group expects more Service Rigs to be deployed in 2013. The Group is also expected to enjoy higher
revenue from Australia with the commencement of the APLNG and GLNG projects in 2013. Leveraging on its track record, experience and existing business infrastructure, the Group will continue to pursue business
opportunities to support LNG related projects in Australia and its vicinities. The Group will also continue to focus on investment in Service Rigs to meet the strong demand from its customers in the oil and gas industry.
Barring any unforeseen circumstances that may arise to destabilise the current financial market and global
economy, the Group expects to perform better in the financial year ending 2013.

 

MTQ Corp's report in the next 12 months:

Conditions are expected to remain buoyant in the oil and gas industry. With a wider geographical presence and a much broader suite of subsea and engineering services to offer, the Group will continue its strategy to strive for organic growth and benefit from the buoyant oil and gas industry.

MTQ also acquired Neptune Marine Services at a discount of A$6.4M.

Their total Equity for Half Year Results Dec 2012 is about A$64M after deducting accumulated losses and their takeover bid is A$57.6M.