Tangiers Petroleum Forum

suspension: possible dispute re the US$7.5m due to TPET under the terms of the FOA. The cash flow RNS stated those receivable funds would "probably" be offset vs. drilling costs. A gusher would 'probably' have required that offset, but not the dry hole. GALP may be arguing that those funds should be offset against initial costs - rather than costs in excess of the free carry of which there may be none as the hole was dry. US$7.5m equates to c. 1.8p/share or 75% of the last closing SP, which would help! And then there's the US$3m bank guarantee.... IMHO & DYOR and we need some luck!!

The downside at least is floored at 0, the company is worth more than 0. Management need to come up with and communicate a cohesive plan, I hope one of the main reasons for the long suspension is to do this.

has this stock been suspended again?

RNS has confirmed: Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or the "Company") advises that the Company's securities have been suspended on both ASX and AIM pending the release of an announcement to the market in relation to Tangiers' funding obligation for the TAO-1 exploration well.

Fund raising and huge dilution -----> shares will drop

INDEPENDENT RESOURCE (IRG)Cantor Fitzgerald reiterated its “buy” rating on the stock after the Italian hydrocarbon ministry gave a favourable opinion for accepting the firm’s San Gervasio productio... Today, 9:58 AM The broker has a target price of 67p, well above the 2.5p range the stock currently trades on. It added that the project would be a “welcome boost to the company’s liquidity position”..

back online

would anyone no when trading would start again...looks like time to sell..

sucks

well this i