Well 10 days into what was meant to be the initiation of the T3H well and no update from TBN management. The silence from management is deafening. The buyer side is thin as a cotton thread. In my opinion If any drilling or 2D seismic delays come out, even a very small volume seller rush for the door could see this stock drop below 20 cents.
Management needs to start the news flow on: 1. Weekly drilling updates 2. News on 2D seismic acquisition that was planned this year as per mention in IPO prospectus
Worrying that no news has come out of the 2D seismic yet. in couple months will be getting close to the wet season and they may have to postpone to 2022 if there is an early start to the wet. I might start tracking the Aussie northern Weather forecasts. In my opinion that would potentially have implications for the Maverick 1/1H drilling timeline as they have previously inferred they wanted to acquire 2D seismic data data prior to drilling the Maverick 1/1H wells. I suppose they could drill without it, but could be risky....
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