TPT 0.00% 0.9¢ tangiers petroleum limited

Happy to be proven wrong but can't see any announcements for at...

  1. 1,425 Posts.
    Happy to be proven wrong but can't see any announcements for at least a couple of weeks.

    In fact I expect the drilling to take longer than expected.

    Gas shows and some heavy oil traces were reported in Mo-4 from about 2050m and again at 3070 to 3150m in 1969. This drill occurred on the outer contour limit they are drilling at the moment.

    MO-1 drillied outer limit of what is currently considered assaka target and dead oil found. Only reached 2759m so didn't get near 3000m

    Tao-1 almost halfway between Mo-1 and Mo-4. If there was gas reported in Mo-4 which was off target and if they were outside of target areas I would expect that bigger gas shows and possibly slower drilling for TAO-1

    Genel/cairn recently reported possibility of oil below 3100m in their area.

    There always seems to be those that get somehow get lucky and get in before announcements these days so when results are getting close I expect share price to move before results.
 
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