My guess is they have an oil show and have gone in to a TH to prevent wild speculation. I expect it will be weeks before we know whether its a commercial find. Remember back 6 months to Neon? They were suspended for weeks from memory.
Hopefully GALP will case the hole at TD and then perforate in stages up the hole with several flow tests and then we shall know for sure. I'm expecting the end of August for a definite result.
Worst case they are stuck in the hole. I'm still betting 50/50 on success/failure at this stage.
TPT Price at posting:
13.0¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
