TPT 0.00% 0.9¢ tangiers petroleum limited

Trading Halt, page-73

  1. 327 Posts.
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    Today's TH announcement mentioned "pending an announcement by the company in relation to the RESULTS.."

    In the update of 14/7, TPT announced that
    "the well is expected to intersect the Assaka and Trident objectives within 60 days from spud ,as previously announced".

    To me it sounds like the announcement (possibly tomorrow or Monday) will be further clarification regarding Assaka results rather than Trident, as we are only around Day 45 from spud. It is unlikely (IMO) that there is any issue with the drill as I believe TPT would have used the word UPDATE rather than RESULTS if there was a drilling issue.

    I think we need to batten down the hatches for a little longer, however, today's TH announcement has a positive sniff about it rather than a negative one. Smells like oil????

    DYOR carefully
 
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