Whilst initially (and still) disappointed with todays announcement I'm still very optimistic about the future, especially with the prospect of acquiring the new project and all the benefits that it will bring (income, access to capital, Hong Kong listing etc).
We should get an update tomorrow morning regarding the current well being drilled - lets hope this one is more successful than the first!!
I see todays set back as a delay, more than a complete failure. I was hoping a successful well would send us back above 1c (minimum) but we now have to wait for a positive result on the second well (several weeks based on analysis of the first core samples) - assuming of course it is successful.
Lets hope they get this new deal up - I see this as a catalyst for a rerating if they can pull it off.
Cheers
Doyle
TNP Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
