Tangiers Petroleum - TPET Stream Log

Here's a model that may help the maths. At completion of the issue there $6m in the bank. Divide that by the billion or so shares. But the money is going to be spent. Yep; on the 100k lease next to Great Bear. So are the leases an asset or not. Acquisition of this lease may coincide with some great Great Bear news. I agree with David's outlook. It's a bit like Butch Cassidy and the Sundance kid on the ledge above waterfall...why worry about drowning tge fall will kill you anyway

Quindell and eegbvi the cv for Ed Duncan andPat Galvin have long standing connection with Alaskan Govt which may explain and support eegbvi previous note. See their CV's on Great Bear website...petro or petroleum take your pick.

Great Bear Petroleum website back on. URL I was using had Great Bear Petro not petroleum. So no conspiracy dammit.

Thanks for link Smiler. I alaska govt few times and even job ads rig deployment etc trying to get a sniff re activity and timeline.

Hi . Great Bear Petroleum have shut down their website in recent days. Wonder if they have something to hide. I hope so.

Problem with TPET is the history, if you listen to Dave it all sounds pretty good for a punt now.

nice that we haven't seen the usual sell off to 0.40 this time

This is actually very positive. Lets be clear its still a punt, but the company has got a plan, and the valuation can only really go up.

Fair value is prob around 2-3p, stock was oversold but for good reason. Company needs to come up with an action plan. Company reckoned themselves that on a duster the fair value was around 3p. Management could of course have walked away, but haven't partly due to reputation but also as there are some good opportunities around for the right team and company.

drop of 0.15 and 20% is not a big drop for this stock!