Last week, i estimated that we will know about the final result of the four wells (Defender, Australia II, Gretel II and SOA) in approximately 6 weeks time.
Now, it appears that the 6th week will almost coinside wih the General Meeting on May 30. The meeting is mainly about performance shares, so does it mean that just before the meeting, we will hear the 'good' news on these four wells, making the share holders happy to approve the incentive proposal? Perhaps that is why TB is holding back in giving us regular updates with the 'minor' issues and want to give us the final result just before the meeting...
SSN Price at posting:
9.5¢ Sentiment: LT Buy Disclosure: Held