half way through the doldrums, page-2

Hi F&B and other faithful Transervers ,

This thread sure is a ghost town at the moment...still beats the obscurities posted by Plantic!

Yes, it would be nice to see 1.2c. However given 1.4c is the low for 2009 (1.2c all time low!) I can't imagine us going much lower between now and March/April. Quite simply I don't think there are many punters left who are willing to take any more losses on this one and it's hardly worth trading on the current volume.

Given TSV has proven, in the past, to be a rather leaky boat, we should know when the 3D's and Warro 4 spud are approaching IMHO. I expect the share price to go sideways until then.

Here's hoping that when they release an announcement regarding the completed 3D's it contains bullish sentiment highlighting the near fact that they will then be able to avoid the water and achieve commerciality. Would also be nice to see Alcoa recognise the potential in this project and release a media statement. By then the market should be a little more bullish on this end of the spec market...as has not been the case over the last couple of weeks.

Remember, they have the gas and Warro 3 & 4 were only ever considered test wells. They have learned a hell of a lot on the first. In fact, it’s best that they tackled all of the issues that they did on the first. Warro 4 will be a walk in the park IMHO.

I plan to fill my bottom drawer to the brim by early 2010.

Cheers,

Arkie

:)