great little oil play

Been talking to a few WISE men over a coffee or two and they mentioned that the share price should only go up over the next 4 weeks because there is more things in the pipeline e.g the spud plus the roadshow in Sydney/ Melbourne and Jewish Communities. This could be the investors inyapop was talking about?? What are your thoughts Inyapop???

The Share holders who are selling must really need the cash to drop them @ 11 cents and now the price is 15 cents! Entry price back in is going to be a lot higher.

The optionsand shares are still very cheap and maybe the time to start accumulating more just my thought!

Tnp "lower case scenario, at 50% recovery of oil & gas reserves, at $5 per thousand cubic feet and oil price of $70 per barrel,
the in-situ revenue value = $2.1 billion, with say $630 million to TNP.

Of course, there are flow rates, production costs, etc.

At lower case scenario, with operating costs of $20 per barrel & 40% tax plus gas credits, total cash flow over time = US$270m or US$1.68 per share.

At higher case scenario, total cash flow over time = US$3850m or US$2.41 per share.

Shares on issue = 80,000,000. At 20 cent share price, market cap = $16m

Options on issue = 80,000,000, exercisable at $0.20 on or before 31 May 2011, worth $16m in cash, enough to finance TNP's share of at least six more wells in the event of a successful discovery. "

I believe we are holding a very good share and it will be interesting to see what happens in the next month.