The announcement at the end of June said the total depth for the drill was 1300m. They have drilled 150m in the last 7 days and have about another 150m to go. So, I'm assuming the announcement next week will say they got the bottom and that the results are being analysed and will be announced in due course etc. Then I expect we will get something regarding the actual results the following week (circa 29th September).
That would make the drill about 12 weeks rather than 6 which is double the original estimate and I agree that is a bit annoying. However, if it meant that they have been technically conservative and avoided risk during the drill then that would be reasonable.
Since the spud announcement, BSP price hasn't moved around too much and TNP is also trading within a tight range on the ASX, so I am also assuming this is not a leaky ship. This is all my personal guess - DYOR.
TNP Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
