I've been wondering what tomorrow's announcement may bring. Assuming they hit the first seam we should have DST results. It is possible that additional seams have been reached and potentially assessed. Ideally we will get an announcement that informs us that the gas is there, and the DST results suggest commercial potential. If that is the case we should get a share price kick (imo) even in this market as it will demonstrate that the project is/will mostly likely be commercially viable.
I expected to receive an update prior to tomorrow, more based on the hope of obtaining 'material news' since last weeks update. The fact we didn't get one makes me a bit nervous.
In any event, no news has leaked as the share price offered no indication of the outcome, either good or bad.
Fingers crossed for tomorrow.
Doyle
TNP Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
