Having re-read the Kazakh. update I feel a bit more upbeat about Tpl. For january and february next year we'll have two more producing gas wells coming on stream. A bit surprised how long these wells have sat waiting to be connected. On top of that 10 new shallow gas wells are planned for next year. Should most be successful I hope they don't sit waiting years before being piped to market. On the oil front we depend heavily on testing and acid fracking to see if oil can be produced in commercial quantities from Doto and Kalypso. As for Dexa we have a near horizontal re-direction drill (not Kalypso as I put in a previous post) about to commence. We may get a reward there. As regards the current sp level it does'nt look demanding does it. Then again Mr Market is a fickle creature.
28-32 looks a cracking buy unless this is going to, inexplicably, plummet ...
Support & Resistance More 2nd Resistance Point 39.626 1st Resistance Point 37.438 Last Price 35.250 1st Support Level 31.874 2nd Support Level 28.498 i am waiting
has to be considered at this price ...
Will TPL Ever Reap Rewards?
Hopefully! The more good news the more it sinks! I bought 15,000 shares this morning because the 10% plunge was ridiculous. I can only assume that the -stan connection is holding it back but surely every country is moving towards Capitalism. In due course they'll realise it's the road to ruin but in the meantime...
Only £100m and a shed load in the bank, currently trading profitably and a massive asset value. We really are under the radar. We are the lucky ones in now. Wait until after the" investor presentation" next Tuesday.
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