regional driling is nearing

The offshore Moroccan oil space is really intensifying now, with numerous companies having put concrete plans in place to drill.

In spite of this the TPT share price is hard to believe. It's so cheap that it is absolutely baffling.

It just goes to show how poor management can negatively affect the value of a company.

One thing is for sure though, when you have an asset like TPT does offshore Morocco, the interest is going to come... and it'll be swift and fast.

True value will be achieved for TPT shortly when the heat enters the Moroccan oil sector. It will happen, and TPT will be caught up in it... no thanks at all to management.

I've been locked and loaded for a long while, and i still have no doubt that this company's share price is going to rocket leading into this regional drilling.

Here's the latest developments...

Foum Draa Offshore:

Drilling expected to commence in late September 2013, targeting an early Cretaceous/ late Jurassic apron fan sandstone prospect in a stratigraphic trap with significant prospective resource potential.

Sidi Moussa Offshore:

Licence operator, Genel Energy plc, has signed a drilling rig contract with Noble Corporation for its African offshore drilling programme. Drilling is expected to commence in mid 2014.

Sidi Moktar:

Longreach have contracted the Saipem Drillmec Mas 7000 for upcoming well programme. Koba drill platform now complete and long lead items are arriving on site.
Drilling services are being contracted
Drilling to commence with Koba-1 Q4 2013.

Cairn and Genel have multi-well commitments surrounding our Tarfaya block and then we will be drilling in the first half on next year.

It'll be game on soon. The market is obviously waiting for formal government approval and then we will see the drill rig booked and the action will begin.

Interestingly, Longreach are going to list on the AIM exchange...

"The Board of Longreach has recommended a dual listing of the shares on the AIM Market of the London Stock Exchange in addition to its existing listing on the TSX-Ventures exchange, which is likely to occur later this year.Commenting, Andrew Benitz, CEO of Longreach, said:

“Longreach has worked hard to be where we are today; with Saipem now contracted for the upcoming drilling programme on Sidi Moktar, we are in the final stages of what is an incredibly exciting time for Longreach and its shareholders. Having a dual listing will add another string to our bow and we are pleased to be announcing our intention to come to London’s AIM market.”

The same applies for TPT... the market just doesn't know it yet.

It will become aware, and TPT will fly... even with mediocre management.