the market has got this one horribly wrong, page-53

Agree Crows with your views about faith in management....the market is really just trading on emotion right now. Happens all the time around major news events, sometimes it goes up and other times it goes down....and with HFT is makes it more dramatic these days...just the way it is.... Regardless who the farm-in partners are, the fact is that both projects are funded. With Morocco all we need is a drill rig, TPT have identified drill locations with expertise on the board. The farminee I am sure will add their expertise to the fray in that respect. The farminee also has access to markets to sell product to in africa as well as distribution etc etc in Africa. More than just a drilling partner and has contacts throughout Africa.

TPT have circa $15m in the bank after JV deal with no further capital to raise and no further expenditure on these prospects up to drilling. Time to add to prospects and reduce dependancy and that's what management has embarked upon with their african strategy. Day one on the new board, from memory, Australian assets were ignored - "strategy to develop african petroleum company"...

Morocco govt to approve farminee and then you will see drill date...have a look at genel and Kosmos when they announced drill dates, after farminee approval by Morocco govt. One step at a time, with due process to complete at every step.

Friday they were amongst champions, today they are in the doghouse and tomorrow most of us will live to invest another day!

Don't you just love the market.....Good luck all!