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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tangiers | TPET | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.575 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.575 | 0.575 |
| Top Posts |
|---|
Posted at 22/2/2015 11:13 by sh0wme Busted, suggest you do some research. TPET has no debt and is speculative but could reap huge rewards even without sinking a drill bit. Success at Great Bear next to their Icewine licence will send these into orbit. |
Posted at 16/2/2015 08:42 by stockriser 0835hrsTIDMTPET 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 20:58 by codhead1 Many thanks ronson. It seems Great Bear are a private concern so do not need to release info. As I thought it all hinges on Great Bear having successful drills and if so that info coming out. Seems very good planning to have the finalising of the license to be after the Great Bear drills are done. If successful TPET would probably surge big time allowing a fund raising however if problems then they will struggle to get funding. Will be watching this very closely and best of luck to all existing holders. |
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 17:08 by oilretire Yes scheduled to start in Jan - closest well is <3 miles from TPET blocks. Don't know if that well is 1st, 2nd or 3rd....... |
Posted at 07/1/2015 14:37 by oilretire Potential yes & probably money to be made especially with next door drilling so soon - but there certainly IS NOT 1.6 Billion barrels of oil to TPET at this point in time. It's that kind of guff that spoils threads throughout ADVFN....... |
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 07/1/2015 10:36 by topinfo TPET Guys read the presentation 1.6 Billion barrels of oil to TPET. wow, thats why every man and his dog are piling in again today. See page 5. Dont say I didnt say (again)Tiny mkt cap, could go ballistic next few sessions as the herd arrive |
Posted at 24/9/2014 09:41 by bad robot My fAVOURITE postilluminati1 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 27/5/2014 10:17 by illuminati1 Ignore bad robots = no brains = uneducated = childishBetter listen to Belcortoi, LSEExcellent 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 ... |
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