what % chance of merger going ahead?, page-9

I'm not sure of the TPT price tipping point, but I agree north of 30cents will make it enticing.

What I do know is that TPT management should have thought long and hard about this before announcing to the market, and to that extent should have a clear plan between now and the final acceptance date to significantly increase the share price. Between Galp cash receipt, drilling date, neighbour drilling and rig booking there are many price catalysts, surely all of this was taken into consideration when timing was announced.

To me this is the company's last chance to maintain my confidence, failure in this (when the SP would otherwise be appreciating leading to drill) would see me consider a new Board.