Tangiers Petrolium (TPT) Hot Potato for Q3 2014

Caput Lupinum said:
Nothing at Assaka was an indication that there was trouble. I could kiss the person who invented stop-losses right about now
Click to expand...

In all honesty, a stop loss @ what? Sp dropped to such a level, not many couldv'e got out with their undies on. I'm choosing to walk right away but hey, goog luck tomanyone wanting to tackle the oil game!
 
ASX announcement:

The TAO-1 exploration well was designed to optimally test the Trident prospect in
carbonates of Middle Jurassic age. The well was drilled to a total depth of 3,518m MD
and did not encounter favourable reservoir quality at Trident.
As previously reported by Tangiers, (28 July 2014), no hydrocarbon shows were
encountered at Assaka the younger secondary objective in the Upper Jurassic.
The TAO-1 well will now be plugged and abandoned in line with standard industry
practice.
The exploration results from TAO-1 will be integrated into the regional basin analysis by
Tangiers and its co-venture partners to further evaluate and assess the prospectivity of
the Tarfaya Offshore Blocks I VIII.
Please find attached a release made by the Operator, Galp Energia.
Tangiers' Managing Director, Dave Wall said: "The Company is disappointed that
success was not achieved at TAO-1 and we wish to thank our shareholders for their
support over the recent challenging period. Tangiers Board and Management remains
firmly focussed on creating value for shareholders and look forward to providing
updates on New Ventures initiatives in the not too distant future."
Click to expand...
 
pi said:
4c a piece now...
Click to expand...

What a drop. TPT was going to be my first foray into the stock market... Lucky I wasn't able to figure out how to actually buy as it was about 28c at the time :|

I can imagine the rumours of it possibly hitting $8+ would have got people buying up heavy
 
Yeah I'm hearing ya.
I'm still holding a small amount that I bought at 25c.

Figure it'll just be a long term hold now as I really don't want to realise the loss...
 
Give this area of the stock market a big miss if you're inexperienced. It's infested with adventurers and scrip salesmen. They demand big 6 figure pays, free options, which you pay for. They win whether the venture succeeds or not - and it almost always fails. I've lost money in about twenty of them - they all disintegrate in the long run. All your risk, their reward.
 
BullionDollarMan said:
ASX announcement:

The TAO-1 exploration well was designed to optimally test the Trident prospect in
carbonates of Middle Jurassic age. The well was drilled to a total depth of 3,518m MD
and did not encounter favourable reservoir quality at Trident.
As previously reported by Tangiers, (28 July 2014), no hydrocarbon shows were
encountered at Assaka the younger secondary objective in the Upper Jurassic.
The TAO-1 well will now be plugged and abandoned in line with standard industry
practice.
The exploration results from TAO-1 will be integrated into the regional basin analysis by
Tangiers and its co-venture partners to further evaluate and assess the prospectivity of
the Tarfaya Offshore Blocks I VIII.
Please find attached a release made by the Operator, Galp Energia.
Tangiers' Managing Director, Dave Wall said: "The Company is disappointed that
success was not achieved at TAO-1 and we wish to thank our shareholders for their
support over the recent challenging period. Tangiers Board and Management remains
firmly focussed on creating value for shareholders and look forward to providing
updates on New Ventures initiatives in the not too distant future."
Click to expand...
Click to expand...
Thank you very much people!
See ya a next time!
Don't forget your wallet! :D
 
GOLDPIRATE said:
There A-Holes for making us wait till now with this revolting outcome. On you Tangiers for the senseless wait! Cannot believe it guyz. After such a hard slog, now this. Could've let us know Weds!

All the best Caput. Not even TON helps me atm. Graphite has a loooong way to go after this horrid week. Alot of folk on HC in amazement right now.

One things for sure. I'll be back with my goldies, something I don't have to guess about...
Click to expand...
Did you not see this as a high risk punt?
 
GOLDPIRATE said:
There A-Holes for making us wait till now with this revolting outcome. On you Tangiers for the senseless wait! Cannot believe it guyz. After such a hard slog, now this. Could've let us know Weds!

All the best Caput. Not even TON helps me atm. Graphite has a loooong way to go after this horrid week. Alot of folk on HC in amazement right now.

One things for sure. I'll be back with my goldies, something I don't have to guess about...
Click to expand...



Your choice of words leaves me in little doubt that you have lost a significant amount of money on this stock.
I have also experienced such losses on speculative stock.
I borrowed 10,000 on a gold stock before the gold price skyrocketed but the company went bust before the gains were made. Add this to the losses on the oil company I invested in which went bust before the oil price skyrocketed and we are talking a lot of money.
It was a difficult thing to discuss with my wife as she was against it from the beginning.
I think we should consider starting our own self help group....S.S.A.......spec stocks anonymous.
Our meetings would start with something like this.......Hi I'm tolly_67 and I bought ( whatever shitty stock it was )........
 
wrcmad said:
GOLDPIRATE said:
There A-Holes for making us wait till now with this revolting outcome. On you Tangiers for the senseless wait! Cannot believe it guyz. After such a hard slog, now this. Could've let us know Weds!

All the best Caput. Not even TON helps me atm. Graphite has a loooong way to go after this horrid week. Alot of folk on HC in amazement right now.

One things for sure. I'll be back with my goldies, something I don't have to guess about...
Click to expand...
Did you not see this as a high risk punt?
Click to expand...

Of course! It was the way ann's were handled & like many, got caught up tn the hype over Morocco. The sp only helped those that oight in very early. All through drilling price nver returned to even pre-spud! I see this as very unusual & so did many others. Truth is. Many wanted out but sp dropped so dramatically, we would never save face so, awaited, trapped for the end results. HC will clue you in on all of this.....
 
tolly_67 said:
GOLDPIRATE said:
There A-Holes for making us wait till now with this revolting outcome. On you Tangiers for the senseless wait! Cannot believe it guyz. After such a hard slog, now this. Could've let us know Weds!

All the best Caput. Not even TON helps me atm. Graphite has a loooong way to go after this horrid week. Alot of folk on HC in amazement right now.

One things for sure. I'll be back with my goldies, something I don't have to guess about...
Click to expand...



Your choice of words leaves me in little doubt that you have lost a significant amount of money on this stock.
I have also experienced such losses on speculative stock.
I borrowed 10,000 on a gold stock before the gold price skyrocketed but the company went bust before the gains were made. Add this to the losses on the oil company I invested in which went bust before the oil price skyrocketed and we are talking a lot of money.
It was a difficult thing to discuss with my wife as she was against it from the beginning.
I think we should consider starting our own self help group....S.S.A.......spec stocks anonymous.
Our meetings would start with something like this.......Hi I'm tolly_67 and I bought ( whatever shitty stock it was )........
Click to expand...

I'm more than willing to admit I lost a bundle! Now, even graphite explorers are feeling the market pinch, evn with good results! Just a tpugh time unless your willing to look @ the mid-term @ least, which I am focusing on with graphite & gold juniors for now @ least
 
Pursuant to Listing Rule 17.2, Tangiers Petroleum Limited (Tangiers) requests that ASX extends
the suspension of securities (ASX: TPT) from quotation pending an announcement in relation to
Tangiers' funding obligation for the TAO-1 exploration well.
The Company expects that the voluntary suspension will end when it releases an announcement
to the market in relation to Tangiers' funding obligation for the TAO-1 exploration well, which is
currently expected to be released before the commencement of trading on 8 September 2014.
Click to expand...
 
I'm not holding but the company has been in a trading halt since it came up a duster. It should come out of the TH by 17th September but it's already extended the halt a few times already.
 
You must log in or register to reply here.
Back
Top