Thanks for the update Ronaldo. If they are still deciding on the location of the second well (plus access, infrastructure, etc.) blind Freddy can see that (at least for that particular well), May will never happen. Having been involved with a few of these, August I suggest is a much more realistic target date. Presumably (hopefully!) though the drilling activities are not going to be interdependent and that first well will be drilled in late May or there about. That should finally provide some positive news. If, on the other hand wells one and two are to be drilled by the same rig as part of the same drilling program, that would be terribly disappointing....a further two months delay and the dreaded "Chinese winter" excuse will raise its head again for the third year.
Anyway, as long as well one gets drilled in late May (or even June, heck, even this calendar year), there is at least, at last, some tangible operational progress which investors (and other stake holders) can finally hang their hats on. Fingers crossed!
TNP Price at posting:
0.5¢ Sentiment: None Disclosure: Held
