no pretending here either. If it has P50 level of 30mmboc then by my calcs that would be 5.25mmboc + associated gas for TNP and at current oil price it has to be worth a hellavalot more than it closed at on friday. I'd be happy with HC's announcement and a production plan going forward and the share price will take care of itself from there. Once we are sure there is oil/gas down the hole, then we can work out what its worth. No hc's = no value.
TNP Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held