TPT
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0.00% 0.9¢ tangiers petroleum limited

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  1. Toro10
    43 Posts.
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    30/07/14
    20:35
    Post #: 13741153
    Exactly!
    Assaka had a very low cos of 7% and it was already penetrated by Esso who found 30 years ago traces of oil.

    Trident is what it matters and GALP has cos at 29% only for Trident. Still a gamble

    We could find potentially also heavy oil. Not to much of a worry as GALP has two heavy oil refineries in Porto & Lisbon.

    gla
    TPT Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 5  Upvote
    lightbulb Created with Sketch.  Great analysis
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