What to say other than they will be buying the project that is having test wells going. They need to get this to work in order to list on HK exchange.
To me last week's Ann was probably to fast track the reserve, production and sale in order to list. Plus they would have know the current one wasn't going to come out good.
We are in the business of drilling and there is no 100% hit all the time. I just hope they get a decent price for the project because 0.9 is nearly twice as much as 0.5!!! We got diluted enough
But if we do buy the project, I reckon we will see a run.
TNP Price at posting:
0.5¢ Sentiment: None Disclosure: Held
