possum2 - to me it seems the price is actually doing remarkably well given the, for lack of a better term, "less than unambiguous" results so far. Yes, we are going fracking but the announcement was very, very cautious. Not sure if there is a sufficient trap or even sufficient amounts of commercial gas - and neither is management by the sound of it but they must have thought it worth while to have a crack at a frack (presumably, based on the limited data so far they do expect a better than 50/50 chance that the fracking will produce commercial quantities of gas). Given the lingering uncertainty, the fact that this stays above 1c is remarkable imo.
TNP Price at posting:
1.3¢ Sentiment: None Disclosure: Held
