China does need plenty of gas, I was in china for 2 weeks. The pollution in beijing aint good at all so coal bbqs are banned. The amount of people living in apartments, lets just say we wont really believe it unless we see it. I wasnt even in beijing but around 30-45min from beijing.
If we drill in june, it should finish around mid july/early august depending on the drilling company. To say this drilling campaign is important is understating what may or may not happen with triple in future.
1) drilling goes well, we do production well testing, get reserve, share prices go up and beijing freezes up in winter and bsp finds other assets around china for us to buy, thus share prices need to be high and high or else it wont benefit anyone at all.
2) drilling goes ok/crap.. more time to wait and more dilution if we do find more assets. I know the brokers may pump the price up to do a capital raising but with great result, sp is more sustainable.
TNP Price at posting:
0.5¢ Sentiment: None Disclosure: Held
