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TPET Tangiers

0.575
0.00 (0.00%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tangiers LSE:TPET London Ordinary Share AU000000TPT1 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.575 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.575 GBX

Tangiers (TPET) Latest News

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Tangiers (TPET) Discussions and Chat

Tangiers Forums and Chat

Date Time Title Posts
02/10/201608:24Tangiers Petroleum - TPET - A very ramped stock165
20/8/201513:22Tangiers Petroleum5,607
19/12/201200:32Tangiers Petroleum - TPET - A very ramped stock1
07/11/201217:56Tangiers Petroleum - research thread4

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Tangiers (TPET) Top Chat Posts

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Posted at 05/3/2015 09:05 by sh0wme
TIDMTPET

05 March 2015

88 ENERGY LIMITED

NEW SIGNIFICANT SHAREHOLDERS

88 Energy Limited ASX:88E; AIM:TPET, "88 Energy" or the "Company") announces,
pursuant to Rule 17 of the AIM Rules for Companies, the following changes to
significant shareholders in the company following the completion of the issue
of equity announced on 3 March 2015, at a price of A$0.01 per share
(`Placing').

Shareholder name Mr Donald Jeffrey Smith Eloten Group Ltd

Participation in Placing 51,000,000 40,000,000

Shareholding following 70,000,000 40,000,000
Placing

% shareholding following 6.15% 3.52%
Placing

Sarah Smith

Joint Company Secretary
Posted at 16/2/2015 15:46 by westmoreland lad
The transaction terms are as follows:

Â

600,000,000 shares at an issue price of A$0.01 (~0.50p) per share to raise up to A$6 million with a listed one for two (1:2) free attaching option (exercisable at A$0.02 each and expiring 3 years from the date of issue). The options are ASX listed only.

Â

The transaction is valued at 0.375p per share which includes the value of the option. This is a 25% discount to the current share price.
Posted at 16/2/2015 08:42 by stockriser
0835hrs

TIDMTPET

16 February 2015

TANGIERS PETROLEUM LIMITED

Prospectus

Tangiers Petroleum Limited (ASX: TPT; AIM: TPET) ("Tangiers" or "the Company")
would like to advise that it has lodged a Prospectus for the offer of up to
600,000,000 new shares ("Shares") at an issue price of A$0.01 per Share to
raise up to A$6,000,000, with a minimum subscription of A$3,500,000, together
with one (1) free attaching listed Option (exercisable at A$0.02 each and
expiring 3 years from the date of issue) for every two (2) Shares subscribed
for (the "Offer").

The Company reserves the right to accept oversubscriptions of up to a further
91,319,338 Shares at an issue price of A$0.01 per Share to raise up to a
further A$913,193, together with one (1) free attaching listed Option
(exercisable at A$0.02 each and expiring 3 years from the date of issue) for
every two (2) Shares subscribed for. The maximum amount that may be raised
under the Offer is therefore A$6,913,193 before the costs of the Offer.
Posted at 27/1/2015 19:45 by codhead1
Guys. Took a look at this one and a lot of things just do not add up.They mention Great Bear Petroleum in adjacent license ready to drill and if they strike then that would underpin their plans. Great Bear do not make good reading and in fact its all Alaska press that provide the info as I cannot find a Great Bear website.This new venture for Tpet is strangely similar to Morocco in that they have flooded the press with incredibly high chances of success to generate interest thus I suspect a pump and dump to get a fundraising ready should Great Bear actually strike since Tpet will need it. In effect the whole story hinges on Great Bear. Can any of you guys source more info on them?
Posted at 07/1/2015 12:35 by induna123
Don't be a prat Kirk. TPET are miles away from finding anything yet. The land is unproven for starters. Also, it shale gas/oil so it's more costly than crude in Iraq and the price of oil has plummeted. They need to raise funds at some point too as they have no cash. Like I said, Great Bear next door will be an indicator if they've bought a bargain or been sold a pup.



The price of Brent crude oil has fallen below $50 a barrel for the first time since May 2009.

It fell more than a dollar to $49.92 a barrel in early trading on Wednesday before edging back above the $50 mark.

Slowing global growth and increased supply of oil and gas have pushed prices sharply lower in recent weeks.

The price of oil traded in the United States, known as West Texas Intermediate crude, has already fallen below $50.

Many observers expect the price of oil to fall further as North American shale producers continue to supply increasing quantities of oil and gas, and the oil-producing group Opec resists calls for cuts in production to support prices.

"With no sign that Opec will do anything about over-production, it seems likely that we could well see further declines towards $40 in the coming weeks," said CMC Markets analyst Michael Hewson.
Posted at 09/12/2014 18:42 by travls
"If great bear strike oil In a few months expect the share price here to go to 20p"


LOL


In your dreams perhaps.
Posted at 09/12/2014 17:06 by kirk 6
If great bear strike oil In a few months expect the share price here to go to 20p
Posted at 24/9/2014 09:41 by bad robot
My fAVOURITE post


illuminati1 27 May'14 - 10:17 - 3790 of 5218 1 0

Ignore bad robots = no brains = uneducated = childish

Better listen to Belcortoi, LSE
Excellent reputation...

I think you will realise that they had a placing at 8.87p for $5m and then were approached again to raise further $4m, who ever took the placing wanted more in and that shows confidence to me ...

Now TPET have:

Market Cap of £25m (of which £13m is cash)
£13m Cash
223m Shares in issue
200mbbl prospect to TPET at 20% CoS,

Analyst use 60p a Barrel Pre-Spud which means TPET MC should be sat at around £120m according to that (53p a share), however if we use a very conservative way, 50% discount and take 30p a barrel (like TRP was when share price was 4.5p) TPET should be sat at around £60m MC share price of 26p, even using another 25% discount gives TPET an share price of 20p!!

Or for example take TRP at 22.5p a barrel priced in for the 500mbbl prospect, using same valuation for TPET, gives TPET valuation of £44m MC or an share price equivalent to 20p a share
Posted at 22/9/2014 07:56 by foxx999
Bonkers!!!Tangiers Petroleum (TPET.L, 2.38p) – Speculative BuyTangiers Petroleum announced a proposal to raise US$1.2m through the issue of 200 million shares at US$0.006 per share. The proceeds are to be utilised towards working capital management and appraisal of new ventures. However, the proposal is contingent upon the approval of the shareholders. Next week, the company plans to unveil operational updates and future strategy, and resume the trading of its shares.Beaufort view: Tangiers' proposition of equity infusion is likely to provide substantial financial leverage to the company to explore new ventures and meet its current capital obligations. Despite the failure of the TAO -1 well earlier this year, we remain optimistic about the other permits in the world class Tarfaya Block prospect located in Morocco, adjacent to the proven petroleum system of Cap Juby Oil field. The share price has plunged 83% in the past one month and has now placed the company at attractive valuations. With the half yearly results to be released soon, the stage is set for a major rebound when the trading resumes in the coming week. In the light of these and the company's prospects in petroleum rich areas, we maintain a Speculative Buy rating.
Posted at 01/8/2014 11:33 by whites123
"I predict that Monday's news will be a refinement of the initial Assaka news to confirm some hydrocarbons but not necessarily anything significant."

I actually think the same and suspect it was requested (ASX) because of the vague RNS (Monday) yet the rather (overdone?) drop which resulted.

I don't think it will be Oil shows (Be nice if it was).
But moreso an RNS to say this is what the drill to date has told us and the prospects for a success at Trident has improved.
That would create an upsurge in demand and share price.
I cant imagine anyone really agrees that the resulting 50% drop in share price was justified when Assaka was never the main target.
Tangiers share price data is direct from the London Stock Exchange

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