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Trident TD, page-63

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hardmano

16,293 Posts.

403

03/08/14

14:03

Post #: 13761097
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Originally posted by hardmano ↑

maximus

Given your professed insight into the results how do you explain that Galp is still trading and hasn't risen at all???? their share would be over 200mbbl which conservatively should be worth $2 billion if commercial. That is "material" even to a multi-billion Euro company.

Is it possible it is a positive outcome but tat it will be sometime before its size is known and before a second drill to do a flw test so the market is giving them little credit.

The speed with which we saw a TH after Assaka and the fact that Galp is still trading gives me a negative feeling about the outscome I'm afraid.

If there's a sell off but TPT gives us someinsight into what they propose to do next I may be a buyer as low as possible.

H

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The other possibility (to my last post) of course is that "the results" that are promsed are from Assaka petrophysical tersting and they are still drilling to Trident. Given at best Assaka may have some encouraging reservoir qualities this might expalin why Galp is still trading.

H

TPT Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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