TPT 0.00% 0.9¢ tangiers petroleum limited

seagull, page-34

  1. 2,647 Posts.
    Your dreaming. The field is in Africa, thought about political risk. Costs of testing, costs of infrastructure, no oil facilities in the country for a discovery. Development pipeline will take yrs. would you like me to go on and on. All the shares people have bought are for a quick exit, the upside will be low, because after the discovery there will be a cap raise for corporate costs. Well that's if there is a discovery. Morocco historically there hasn't been many discoveries. Go and have a look how many wells have been drilled on the block, you will be surprised, there have been a few, with oil shows but no success.
 
watchlist Created with Sketch. Add TPT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.