I agree with majority of comments here over the past few days as I, too, believe this is a good assets which has a very high likelyhood of good gas reserves, gas flows and will benefit from the proximity of offtake markets and exisitng infrastructure.
Just this freaking overhang is continuing to hang over our heads and putting downward pressure on the stock imo. Wish PU had tried to take care of that by making these guys an offer for the lot at some stage (or even now). Then again, maybe he has. IMO this will continue to prevent a run of the stock on good news as buy orders will quickly be filled.
Barring somebody taking these guys out - it might take a few months for this to flush through the system and for this stock start moving.
Here's hoping for some good results soon to start the process!
TNP Price at posting:
1.7¢ Sentiment: None Disclosure: Held
