I am a holder of GBP and TRP, we are both in the same basin and have great potential. GBP there communication and response to share holders is pretty poor, but TRP the board has always responded back with my experience. What I like about TRP is they don't sit on the fence, it is unfortunate the success was not there with Uganda and many of us felt that drop in share price. what also we must not forget the board has strengthen and they have put there hands in there pocket and have invested in excess of 14 million dollars, has that happened with GBP ?. The delta prospect has a lot to offer and this is the1st well WW1, this on its own shows a potential of up to 13 billion and we could see more like this as we have the rest of the delta prospect would still need to be explored.
It is a very exciting time for TRP holders , and hopefully we get good news to help boost GBP. I personally feel when GBP complete a 3d seismic it will show a lot more like the delta has shown for TRP.
This well if all goes good with a up to 40% GCOS could quite easily be the largest find for a long time, I think TRP have a good board and would see a lot of interest for WW1 well by others so I am quite confident they will have another firm on board.
I do think GBP have a lot to show and we have to wait and see. Just my opinion.
1) Too much uncertainty over how TRP will finance its remaining share; either dilution or giving away a slice of the pie 2) If TRP miss, they will be bust. GBP will be underpinned by its cash position, and still prosper from farm out news 3) If TRP hits, GBPs acerage will be smoking hot. For those who miss out on the TRP rise will look straight to GBP 4) Far too many shares with TRP, far few circulation with GBP 5) Too many paid rampers and pumpndumps over at TRP 6) PCLs recent farm out of $120-150m for their Namibia block for 3d and well carry, would be worth 46p book value to us
Perhaps, got to keep positive that PT is earning his bacon behind the scenes otherwise one could turn incredibly cynical. With the cash available you would hope the BOD must have a lot of opportunities to peruse. Whilst people critiscise them for almost ring fencing the cash many would aso be critical if they blew it all leaving no cash and having to come to the market wouldn't they? Tough times, would rather have cash at present. IMO
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