10:11 AM EST - Wenzel Downhole Tools Ltd. : said its 2009 net loss was $1.66 million or $0.05 per share compared with a profit of $12.42 million or $0.41 per share a year ago. Total revenues for 2009 were $43.58 million, 39% lower than 2008 revenues of $71.77 million. The company noted that the decrease in revenues from 2008 to 2009 is attributable to the major reduction in drilling activity in North America. Wenzel Downhole Tools Ltd.
shares T.WZL are trading even at $1.15.
