what we know so far...

This is just a general post for those out there who dont want to read through all of the other posts from today...

QPN, TSV & TNP have gone into a trading halt pending results from the MB1 well...

QPN, TSV Rule 17.1, pending an announcement by the Company reporting on the status of operations on the Marian Baker #1 well.

TNP - The Company is currently finalising the interpretation of the results of the drilling of the Amazon Prospect

So we know from this that Caza are up to something that could be a game changer, nobody is really sure that they have hit TD however many are suggesting that they semi have and are ready to announce something (either good or bad). If they have found something then its probable that they will announce HCs(hit pay zones) pending further follow ups (flows) which will put the options in play and secure QPNs funding once and for all. If they have found nothing (water, dirt)... then we may as well kiss things good bye but... the flip side of this is if they have found nothing then what are they finalising and why are they taking their god damm time to advise us?

Others here have talked about the time it would take to announce this and it could be around the corner however, someone from Cazas UK forum posted that the longer they take the better it potentially could be...

Posts from other forumites indicate that they have called the companies to try and get something out of them.... resulting in (*allegedly*)...

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1414597&msgno=6489074#6489074

have been on the dog and bone all morning trying to pry the lips of directors /company secretaries and any body else in the know of QPN , TNP , TSV ,brokers etc and what i have found out is that they are at TD and they are interpreting the wire logs at the momunt from several zones of intrest, Results of findings will be announced 24/48 hours.
Good luck to all holders.

Aminer

If true then the key words are "several zones of intrest" implying pay zones..?!Then we get this off TNP...

http://www.hotcopper.com.au/post_threadview.asp?fid=1&tid=1414599&msgno=6490325#6490325

OK, I just spoke with James at TNP.

Asked specific questions.

1. Was TD 16,000ft? Answer: High 15,000
2. Did zones come in high, as expected, low? Answer: Not a Tech Guy so can't tell you.
3. Are you still logging? Answer: As we speak
4. What logs are you running Answer: Not a tech guy...
5. Was there another lot of CSG run? My Take: Without going into all the details, Answer as I saw it: NO
6. Is the condition of the hole good? Answer: Hole is in good shape

End of the day, we still don't know if it's gunna be good and if we knew what logs they were doing this might help... but thats a secret.

Ladies & Gents "Pucker Up & Wait for the FAT LADY TO SING!"

Moving on unexpectedly Caza has opened this morning without the release of the results, a semi-heavy open (if that) without any movement. Talk is that news could be announced around the time Toronto is ready to open but Im unsure given that the last six announcements have all been at 07:00 (correct me if Im wrong). If Im correct then weve missed the boat today and results will come out tomorrow (I doubt this as anything can happen).

Given todays pathetic depth movements in the three locals, Cazas flat flat open and no real movement (volume is building though) it may be that Caza could still be holding onto their cards and have only told our three locals to expect the results ASAP.. Given that why are Caza freely trading (differences in listing rules)?

Still could go either way but the longer we wait potentially the better it could be?

DYOR

http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/exchange-insight/trade-data.html?fourWayKey=CA1498011024CAGBXASQ1

http://www.iii.co.uk/investment/detail/?display=discussion&code=cotn%3ACAZA.L&it=le

For anyone that is pulling an all nighter..