I have been critical in the past about the company and its delays but, credit where credit is due, unlike so many other companies, they have now actually started to communicate to let shareholders know where they are at. Rig and people are now in place and per yesterday's announcement drilling is "imminent". Shame about the rights issue timing but, hey, that is life. With drilling likely to commence before close of rights issue, I suspect people will be falling over themselves last minute to take up the rights issue if that timing works out. Getting closer boys and girls...hold on to your hats for the ride...whatever way it goes!
TNP Price at posting:
2.1¢ Sentiment: None Disclosure: Held
