Member Info for 4unme

Agree. They didn't drill 60days as planned. I wonder, why?

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. ============================================= Did not encounter favourable reservoir quality at Trident. I'm very much interested what they find in that reservoir. Hope the analysis on samples from Trident helps where to drill next and soon.

In about 2/3 weeks we'll hear from the company regards to what's their next move. Be patient people. 3p and below is a good price to get in.

I thought it could be 5p as they didn't drill 60days.

Luvubigtime- this is you first post. Welcome. Have you invested here?

Below is extract from RNS dated 23/07/14 At the end of the quarter, the Company had net cash reserves of A$14.626 million which included the US$3 million currently in Morocco recognised as cash in the quarter due to the release of the bank guarantee. The Company's cash balance does not include the reimbursement of US$7.5 million in back costs under the FOA as these remain as a current payable and are likely to be netted off against Tangiers' share of the cost of drilling of the TAO-1 well

2M sell, consideration £42k. But the share price goes up. Could that be 2M buy?

Back in too.

will recover when the company announces where they are drilling next.

Will be interesting, how ASX will be when trading resume tonight.

can buy now, at 2.55p

Are you selling? I did dummy buy. I can buy for £3k worth for 2.6p if I want to.

Any more news in August?

Dead cat may bounce to 3p?

So, those in the know got out early.

Stay away from this share.

It is quite possible that the company's broker is buying back shares which are still in circulation. The price is also moving up to attract more sellers. That way they don't need to deal with small private investors in future. IMHO

Get out before 4.30pm today.

I think, it is best to sell your share while you can as you won't be able to track your shares and may be very difficult to sell afterwards. I have never come across this sort of situation so I'm guessing.

Get out while you can.