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amer22233,Do you really think that the size of the TZ field was...

  1. 1,089 Posts.

    amer22233,

    Do you really think that the size of the TZ field was not known until a few months ago?

    The potential of Tz is, without appearing to ramp, "amazing" for a company of our size. Our problem is not having the cash flow to fund it through to completion, and the time it will take to receive revenue from any discovery. To link the current sp to the Tz seismic results is just wrong IMO.

    As you know 6 months ago I wanted the sale of Tz to go ahead which would enable us to have the cash to fund our UK drilling without further dilution to shareholders.

    However with the delay of UK, and the recent sentiment shown by shareholders about Tz, i am not surprised to see them to hold on to this for the time being.

    Cheers
    R
 
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