Sorry about the lapse, but if you look at the Santos basin offshore Brasil and the greater Campos basin it is obvious that on a strike there will be a massive responce in trp sp. It also is verry likely that both huge gás and oil finds can occur on the same drill!
If you look at the potencial of the Santos basin offshat
TRP has been doing their homework on derisking by putting a broader floor under their activities and that is na insurance that even in case of a duster not everything will be lost!
IMO the most importante facts from the recente RNS are that TRP is continue to hold 30% in the drill, and that they have spread the risks and so reduced the fall of sp in the event of a duster. Worth noting that there is talk about a 4 in 1 drill so the prospects are looking very good indeed.
If the data room is poor surely REPSOL would have pulled he plug before committing millions to a high tech drill; sou ds like solid deramping imo.
The main reason imo why the TRP horse is not dead on its feet yet is the presence of REPSOL as operator using really the best techniques and the most up to date drillship; there is simply no comparison with HRT because there is a feeling that they missed the boat by not drilling deeper.
After having a coffee I must agree that the BOD is doing a very good job in funding and increasing the scope of TRP and of course the Market is not wasting anytime to provoke a tree shake; hold tight!
A combination of fear, greed, computer commanded trading plus a possible effort from farm in candidates is trying to push the sp down as much as they can of course in the company of the shorters. It is only a breeze over we normals do not have ANY control. Any action at the moment is risky. I foresee a placing for existing shareholders soon.
Irt is obvious imo that the sp is being controlled but I do find it quite healthy because it induces people to stay on rather than thinking about topslicing at 12p; by the way who would buy the shares at these prespud prices.. a bit of wishful thinking.
All I know is that REPSOL is very tight lipped with huge experiences in Latin América and they will not release any News during the drill.Repsol shares are climbing slowly to 19,00 euro. Have a good weekend!