Now as for the Mongolian block, have you lot checked where inner Mongolia is and what states or provinces they border? Last time I read part of Inner Mongolia is in Ordos Basin and also another basin up near the north east where we have the JV with Longmay. Would be nice if most of the projects we buy are from Ordos Basin.
Acquisition will drive the share price in the sense that there will be more production and thus turns us into a PE company and with earnings we can expand and drill more and produce more. Its an aggressive strategy but one worth pursuing because of our backer and the need for clean gas. Its also a great time to buy projects because their economy is heading down at the moment so money isnt as easy to come by.
TNP Price at posting:
1.0¢ Sentiment: None Disclosure: Held
