don't find that too disconcerting Plough. Although I have not checked the registry, if Blue Sky Power owns 50% plus of the stock (or has an entitlement to it), effectively, TNP is its subsidiary. It gives them a lot of power, obviously, which can be both good and bad...only time will tell how that works out for the minority shareholders. Not unlike the position Woodside was in initially with Shell (on a much larger scale of course). With respect to Woodside that always meant the view was that that restricted the WPL share price (because of the awareness that Shell at some stage would - and did - sell some or all of its interest). Fingers crossed to see how all of that develops here - however, in the scheme of things none of it matters imo until TNP actually finds commercial quantities of gas. Without the latter, nothing matters. Although the wait has been painfully long, we will find out this year at least.
TNP Price at posting:
0.6¢ Sentiment: None Disclosure: Held
