Encouraging announcement this morning - definitely a hint of optimism. Paul is very conservative with his announcements, and he is also limited to what can be said because without the lab results he/they are effectively speculating. Paul has stated to me in the past that they know the gas is there, they just have to determine if they can get commercial flow.
One good seam is all that is required for commercial flow - let's hope we have one (or more).
I also believe that whilst they are still neotiating the terms of the deal they are working on (consideration - to be paid in TNP shares) then they may actually want the share price to remain at these levels (assuming the due diligence is going as expected).
Cheers
Doyle
TNP Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
