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0.9¢ tangiers petroleum limited

Hi Ave That is the best post on this sight. Good to see you...

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cab911

130 Posts.

10/07/14

14:38

Post #: 13640296
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Originally posted by avemaria ↑

No wonder the SP is where it is and concur with the surprising lack of absorption of the information provided over and over again. I do not know much though read it along these lines and happy to be corrected as always.
Anyway just to add 2 bobs worth I may suggest that the idea of this well is "Exploration" not production.
The seismic etc has located a spot where a cretaceous and upper / lower Jurassic zones of interest all lie over each other, hence getting 3 targets out of one hole? The Assaka zone will not be plugged and abandoned as someone has suggested as of course it is one drill hole going down through each zone. Simply they will case as they go down through each and observe any hydrocarbon evidence along the way utilsing wireline analytic equipment, core samples and analysis of the actual hydrocarbon for viscosity etc.
Assaka I assume will be much thicker in zone "at another locality" and if there is production later then it will be from another well which will be designed for production . this may be after another exploration well?
Trident , I am not so sure about in terms of its ability to produce however as it will be plugged and abandoned this just tells us that it is not the prime spot. Once they have evidence of the thickness and quality of the zone displaying hydrocarbons and then quality of the oil then they will re model to optimise the best spot to produce and that may also involve another exploration well.
Too late for me , hope this makes sense to at least some and surprisingly there are only a couple of guys on here who are geo's etc to shed some better light on the subject. Sadly the SP has not been able to clear 40c or evn more as yet and that imo is mainly due to having the CR's that we had to have ...this is directly attributed to the previous management which BBQd this company to smitherines. Then if there is oil I believe it will gush like the old days in terms of the financial that is. It opens the whole Morocco exploration system to a massive new influx of investors and investment and, as well if it is there Tangiers have much much bigger targets than the current one.... I am sure! This is an odds play for 3 goes at the cherry in my view and therefore with so much better targets it will go absolutely BANG! with so few shares on market ..relatively! I would be very surprised for $1 to $3 and then I would not be so foolish to estimate but well well north of that in my view if they find a nice thick zone of good porosity and quality oil.

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Hi Ave

That is the best post on this sight.
Good to see you pumped about TPT, drilling is always an exciting time and a lot of people get carried away with expectations that are beyond commercial reality. LOL !
Stay happy and I hope it goes gang busters for all of us.

Cheers, cab

TPT Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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