Having just read the presentation, I am left with the conclusion that this is nothing more than a damning indictment, highlighting a litany of consistent failures by the BOD's over the past few years! To me, it reads like; "jam tomorrow for you Private Equity shareholders (if you're lucky!) whilst we, The BOD get fat on all the proceeds which we and our City chums raised in in a heavily discounted placing which, resulted in us significantly diluting your respective holdings." - to me, it's unbelievable that the BOD of this Cos have the bare face cheek to issue such a 'Corporate Presentation!'
Whilst there is a lot of info therein, much of it is HOPE. I am also concerned that in this ever changing and volatile world we live in, some of the countries TRP has an interest in are going through some torrid times with terrorist groups. I will wait to see if Kenya comes up trumps and if I am in profit I shall take it--and as they say in Dragons Den--I am out!!
if the share price moves up for no apparent reason then yes i might do but if it moves up because of we start striking some oil and good quality and volume then may be not,i wll just have to wait and see,after all we are drilling but not getting very far.
But fundamentally you can't hide the fact that they still haven't found oil. And before I get the 'stop deramping' comments I have 1m shares in TRP at 0.53p. However, I lost £38k with the Duster in the summer, so for anyone looking at this share, look carefully and do your own research. I believe they will find oil 'eventually' or I wouldn't have reinvested - I don't however feel we are going to see the heady days of 7p+ again anytime soon. In my own opinion, if the board try and sneak in another placing before this drill concludes the market will lose an enormous amount of confidence in the board. With nearly 4 billion shares in circulation - I think we have enough for now - they need to concentrate on finding the black stuff and returning some real share holder value (none of this glowing in the dark rubbish). Good luck to you all.
well not matter what happens i will still have wait a very long time just to get my money,3.7p yes i was silly i bought the we are in with Repsol and everyone was in a frenzy till they said it was a dry hole,another expensive lesson leartn't.i never thought i would say it but i wish oil prices would start going up but until the Saudi have done enough to finish the fracking in the USA i can not see them stopping.gla i didn't put my house on it thank god but have learn''t to be more cautious from now on.
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