Called Paul Underwood a few moments ago to get an 'update' and opinion from the horses mouth. The following is a summary of my conversation - which Paul was happy for me to post.
1. Believes the market has over reacted to yesterday's announcement. 2. Said that 9 out of 10 CSG wells require stimulation of some sort (fraccing etc). 3. Seam 15 has been intercepted and will be tested tonight 4. Coals get gasier as they get deeper.
He is doing his job and is still optimistic.
I've done my best to be honest and relay the info as discussed with Paul.
Regards
Doyle
TNP Price at posting:
1.3¢ Sentiment: Buy Disclosure: Held
