TPT 0.00% 0.9¢ tangiers petroleum limited

Ann: TAO-1 Operational Update, page-63

  1. 2,647 Posts.
    There was no hydrocarbon shows that includes oil and gas. The likely hood is the structure was water bearing. If you understand oil, oil migrates to other areas like the company is saying. They where saying oil from cap duty hadnt sealed only there but up dip at trident and some would have escaped into assanka. if there is oil at trident, you would normally get oil at assanka, atleast oil shows, there where none of that. This isn't a good sign of oil at trident, like I have said the likelihood of oil at trident has diminished further now, that's why the share price has crashed. The drill has got more risky now. Oil can and usually is encountered in a number of structures, not all structures are commercial
 
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.