Tangiers Petroleum Forum

Well, the 150k buy at 14.09p looks more promising

News earlier today: Shares in Tangiers Petroleum (ASX:TPT; LON:TPET) rose 12% after it said drilling has begun on the Galp Energia-operated TAO-1 exploration well offshore Morocco.

I made my first buys Mar 2012 when IC said TPET at approx 35p 'Sky Blue Potential...'

Well, we are back at opening SP. Did anyone hear rumour of a spud between start of play and now!?

ps morning

PB read that link Ranger gb just put up -

Unexpected consequences: so, imo the drill outcome will be reflected by the movt of rig and, further in advance by support vessels. This extraordinary situation arises from 3 level drill, 2 unequal parties and companies' policy.

Unexpected consequences?:whilst all are hibernating pre-spud and can reflect I have read that drill will continue to third level (TMA) if there is success at levels 1/2. This seems to mean imo that if rig leaves some 50 days post spud it will signal drill failure and if it stays then success. Esp since, if success, Galp and Tpet will see drill to completion and failure will see mi partner Tpet unable to swing continuation. This seems a prompt and clear test of this venture - no waiting for corporate evasive language. As someone said on this board 'time is money' so imo this infrastructure will not hang around unless oil flows by Trident. For once, there will be a clear, unequivocal signal for us which companies cannot hide. Unusual bonus in advance of official news. Btw what is the fatal flaw in this? - I am new to this (but straining at seams with Tpet shares)

HxBro you're right ....

Give it a push guys .... good to see some positive posts and enthusiasm. Watched today's ASX trading. Lots of action. Good luck all