TPT 0.00% 0.9¢ tangiers petroleum limited

Hi all,Apologies for the long hiatus... however it has given me...

  1. 776 Posts.
    Hi all,

    Apologies for the long hiatus... however it has given me some time to think and reflect on my TPT investment in an objective manner.

    I am a big believer of the Moroccan oil and gas sector. The big names have come in, the noise has commenced, and soon the oil will flow.

    In the meantime many stocks in the region will re-rate massively.

    I put all my eggs in the Tangiers basket, being a firm believer of the upside and leverage associated with the BESBS play.

    I have given it a good go, however, in recent months i have become more and more disillusioned with the Tangiers board.

    It is simply astounding that PVD are kicking goal after goal, while TPT just flounders. The way they handled the Australian assets was the icing on the cake.

    I exercised all of my options but i've taken the hard decision to sell at a loss because i don't have faith in the board.

    Like i said before... the Moroccan story will lift all players in the region, however i am not convinced the board have what it takes to gain maximum value for shareholders.

    Good luck to all who hold... may the oil flow!
 
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