There isnt much confidence in this CWH group and so this is why the farmout and the asset are valued at nil which is a real shame as it looks like an amazing asset
Best case its all good and we've got a deep pocketed Chinese partner
Worst case they are a shell and can't fund we kick them out and team up with someone new like Eni or Apache
Its a win win either way as right now the asset is valued at zero by the market so it can only get better from here
TPT Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held