TSV 0.00% 0.8¢ transerv energy limited

Dazt49,Since the ASX release on 11 March 2009 there has been a...

  1. 572 Posts.
    Dazt49,

    Since the ASX release on 11 March 2009 there has been a complete change of Board and Management.

    Previously, we had a finance executive, a chartered accountant and an ex stockbroker (who also started the Tap Doctor franchise) as Directors who would have produced the 'strong gas' report 110309 that you refer to; no doubt with one eye on the stock market reaction.

    Now we have Chairman Bloking, MD Keenihan and Barker in virtual charge, all experts in oil and gas ventures who, no doubt, are a bit less excited about 'passing gas' in one well; they have a long term outlook and are not interested in a spike for the day traders.

    They know the gas is there and have Haliburton lined up for the fracking with 3-6 months of testing. If there was no gas indicated then the frack/test would be in vain; so the ASX release says it all without mentioning the 'g' word.
 
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