IMHO part of the reason for the sell off (which is pretty big given TPTET finished at 46c at close Friday) is that people did what Ive just finished doing - look at the Farminee for the WA/NT blocks.
Im into spec stocks so Im used to looking at very small companies etc but researching CWH is nothing short of scary! Seriously, after you have read up on them, would you go into a deal based on what you found?
Having said that, the farminee for Morocco, Galp Energia appars to be at least as high a quality as the other companies touted as possibles like Genel etc.
So Morocco, sounds good although mid 2014 is a fair way off.
But WA/NT, sounds pretty poor.
The question is, how sound is the deal for Morocco because in the end this is the one that will make or break TPT.
TPT Price at posting:
38.0¢ Sentiment: Hold Disclosure: Held