TPT tangiers petroleum limited

(a. Continuation of suspension?) possibly... depending on what...

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    (a. Continuation of suspension?)
    possibly...
    depending on what they are trying to get done in the interim..

    (b. Finalised costings with drill costs lower than expected?)
    highly unlikely...
    seeing that the company has been in suspension due to unknown overall costs, but apparently some 4 days over in timelines etc... needless to say, your CFO does not walk out the door if everything is fine :-((

    (c. Sale of Moroccan assets and looking for future assets?)
    my understanding is the moroccan assets are somewhat worthless, simply because they are up for renewal soon... cant remember exact dates, but i know that it was not too long into the future after the recent drill... cant see tpt doing much with it, cos any renewal of these tenements would mean higher or further committment to more drilling... u dont get to renew tenements u drilled on and then go back to scrapping around with 2D or so.. although perhaps they could persuade the local government for such a deal... doubt it, but u never know...

    (d. Finalised costing with drill costs higher than expected?)
    this is the most likely outcome which everything has been pointing to... some of us are hoping that they have even sorted out something else as well... independant resources was mentioned... might happen... a decent portion of there cash might cover the 3D for a % of a project which seems to already have hydrocarbon production etcetc...
 
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