i dont know much about tpt so thanks for the input. did read abit in past posts and news from company. taking out the hype of all i have read its a pure risk 30% hit 70% miss.
now all is a risk in any well just its a small company does not mean it will have more or less chance to hit oil. a drill is a drill. and if in the right spot its a win.
that to me is no problem nor is the 70% miss rate. as most are that. My problem is to loose 70% of invested cash. as their after this well there is no cash to continue. a cr will be required to just stay a float. So plan B has to be a CR god knows what the price will be then. so new people that enter here will have to view that and factor that in the risk reward picture. 12 cents is attractive when people were predicting 80 cents on the drilling and some higher.
but in fact those that hyped it up have left the building with their profit well short of the mark.
hard to buy into this even as the price is falling. could go back to 20 cents or down to god knows. no plan B is your problem.
wish you all luck with it.
TPT Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
