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0.9¢ tangiers petroleum limited

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Pooro

45 Posts.

03/08/14

15:46

Post #: 13761277
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Originally posted by hardmano ↑

maximus

Given your professed insight into the results how do you explain that Galp is still trading and hasn't risen at all???? their share would be over 200mbbl which conservatively should be worth $2 billion if commercial. That is "material" even to a multi-billion Euro company.

Is it possible it is a positive outcome but tat it will be sometime before its size is known and before a second drill to do a flw test so the market is giving them little credit.

The speed with which we saw a TH after Assaka and the fact that Galp is still trading gives me a negative feeling about the outscome I'm afraid.

If there's a sell off but TPT gives us someinsight into what they propose to do next I may be a buyer as low as possible.

H

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The Portuguese markets are getting smashed so that will have an effect on Galps price. The PSI20 down 10% just last week.

TPT Price at posting: 13.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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