personally very happy with the no news till the end scenario.
Was a holder in NWE until yesterday, sold on the duster ann only to see they have intersected fluroescence this morning. Feeling a bit duped at the moment.
In any event the results are never what you think they will be anyway, these are some of my results over the last 6-8 months.
MEO - P&A
MMR - P&A
SUR - P&A
GDN - who knows, moronic management.
BUR - Discovery but fracced into water so limited production
NSE - Same as BUR
BRU - massive discovery but complex still waiting months later for well cleanup after fraccing and go forward plan
MKE - Discovery but fracced into water so probable P&A
CEL - massive discovery but complex, still waiting 2 months later for go forward plan
OBL - Fluroescence seen on the drill bit but still waiting 4 month later for go forward plan.
NWE - initially reported as duster but now fluroescence seen on drill bit in the bottom of the hole, who knows?
ADE - Still drilling awaiting analysis and frac
TNP - Still drilling
Really the point of my post is that no matter how this drill turns out, it is unlikely to be how anyone imagines and they are certainly unlikely to come out say weve got a gusher and were hooking up to a sale pipe next week.
However on a more optomistic note that 11000 psi reservour pressure is probably capable of producing a gusher if its got a HC accumulation
TNP Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held