TPT 0.00% 0.9¢ tangiers petroleum limited

A good reminder of the potential - last time the NOR report gave...

  1. 314 Posts.
    A good reminder of the potential - last time the NOR report gave a significant boost to the price but seems more muted now as most people are probably set already.

    Interesting the comments about TPT using P50 instead of prospective mean resources like most O&G companies apparently do. So the 25% that TPT has goes from 758 million barrels to 1600 million barrels. That is for the whole block however and having all prospects being successful won't happen. Nonetheless nice to have a significant increase in target sizes if the apples compared to apples interpretation of Next Oil Rush is correct. Perhaps there is a good reason TPT has used the methodology they have so I would take the conversion with a grain of salt.

    In any case delightful/depressing times ahead ...
 
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