11:49 AM EST - Wenzel Downhole Tools Ltd. : reported that its second-quarter net income was $590,000 or $0.02 per share, compared to a loss of $1.33 million or $0.04 per share in the year-ago quarter. Consolidated revenues for the second quarter were $13.1 million, compared to $8.9 million for the same quarter in 2009. This 47% improvement reflects the recovery from the recession-caused slow-down in oil and gas drilling but is also due to the increased use of downhole motors. Wenzel Downhole Tools Ltd.
shares T.WZL are trading up $0.08 at $1.43.
