TPT & JKA 2014&2015: US$6 (5.3TPT & 0.8JKA) million net cash reserves US$7.5 million of back costs US$3 million bank guarantee US$3 million Odewayne project US$12 upon minimum work program in the Third and Fourth Periods of the PSC.
Costs 2014-15: US$? AJE development carried) Galp expl TAO-1 well US$? Tunisian side-track well US$? Odewayne development US$? Tanzania Geological survey ops Admin costs US$4 millions
Any idea what total costs&expenses could be? supported estimations much appreciated.
Results: with successful merger it does seem we are ok out for next 1.5 to 2 years or until C2 reserves converted to P2.
TPT Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held