the market has got this one horribly wrong, page-43

Summary

TPT will be drilling a free carried well in Q3 or Q4 of 2013 that has mean potential of 450mmbbl. (Morocco)

Their 25% = 112.5mmbbl net to TPT or more than $1b of upside value. Currently capped at 45-50 mill, nothing has changed - in fact it could be viewed as a buying opportunity.

I see the selling as either short term holders waiting for the quick buck that never happened and/or the dead wood long term suffering punters that saw an opportunity to exit on the strengh of the buyers soaking up the cheap shares.

Either way the numbers remain the same, the prospects have not diminished, we have upwards of 15mil in the bank with a world class team to aquire new opportunities. Go Figure ?