Who would have thought that Mr.Cheng reacted so timely amidst talk of a smacked bottom. Excellent to see that we have made progress. Feels like a huge weight off. Was starting to feel as though TNP was the ugly forgotten step-child. Now hopefully we won't be waiting another year for the important details before we can start assessing how much money will be coming in. As usual, still quite a mystery.
Bit disappointed that the TongChuan block was not included in the end, but I think it may reappear. As far as I know, it all fell under the umbrella of Shaanmei group, whilst Moke was the operator and had run out of cash. This was the most advanced and exciting block of the acquisition, imo.
Its sad seeing Paul step down, could tell there was lots of respect for him in the investing community, but it is probably for the best for himself and us having someone closer to where the action is.
Hopefully we start to see some Chinese nibbles at our share price, but agree with the consensus that we won't get too far with $ details.
TNP Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
