Just got off the phone to the Boss for a good 20mins and Buffett & Jeffo your all over it!
Drilling will be ASAP, Mid 2013 is very likely ,
Galp already putting a team together , its a huge priority for them and we are not in a queue of other Galp projects to drill like some might think.
She is putting together some details which will be released shortly to show there intent
Also expect us to JV into some onshore projects which are drill ready, were talking 200mbb stuff, under 5m a drill and we will probably fund it early 2013 so massive payoff if all goes well. She said we are very cashed up
Oz sounds awesome, they want TPT to organize and consult , the chinese want it fast tracked through 3d ( which they are organizing now ) and have it drilled 3rd 1/4 2013 if not sooner. Eve thinks with her knowlegde and contacts here this will be very fast. They will explain the make up of this deal etc as some people have just seen a shelf company
They are well aware of the marketing issues, these are being fixed and will be more professionally done from now on.
Instos are definately accumilating, once they have decent holdings expect to see at least 2 new brokers in Oz and also in London .
As much as I hate seeing the SP where it is I understand it is a nessesry evil
If you want the $5 powerhouse you need the foundations to be strong, obviously they are not at the moment, its a deck of cards which will change over the coming weeks. Take the SP out of the equation , the Volume is the real indicator, it took me a hell of along time to get my holding as the daily ave was something like 50k shares a day , know look at it!, busting a Mil .
Its becoming liquid, no point having a million shares if you cant sell them. Well now you can. Going to buy some more tomorrow and average down
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