Member Info for Phoebus

Given the size of the prize a 3 or 4 million market cap would seem reasonable, which is about 1.5p to 2.0p, so I'd say a bit more than 100%.

Most recent presentation http://www.trapoil.com/media/17373/corp_pre_28.05.14a.pdf Niobe on page 14. Discovery here could mean 14 million barrels recoverable net to TRAP. At $5/B that's nearly 50 times current market cap. Huge upside potential here.

Good move. Still only £0.9M market cap. Potential for massive recovery here.

TRAP is currently priced for going bust. Spudding this well throws it a major lifeline. Niobe prospect has 50MB resources with a decent 20% COS and TRAP has a 28% interest. Any discovery here should save the company and cause a major rerate. Time to buy.

3952 @ 12.5p was my buy.

only 1950 bopd now. That year end target looks a long way off. :(

Released late Friday night in Canada. Check on www.sedar.com. Interested to know what you think. Looks good to me. Huge increase in gas revenues almost completely offsets drop in oil revenues due to oil price drop. Huge reduction in losses.

I was watching the TSX chart too. The TSX price got ahead of the LSE price just before 16:30 and then as soon as the LSE closed the TSX price immediately dropped back to LSE close price and was nailed there until the TSX close. The LSE is the main market for this share and has most of the volume and as such sets the price. The TSX price won't want to get too out of whack with it. IMO the price was just in a holding pattern waiting for the LSE open on Monday when it will resume its explosion north. I think Marth is pretty close, 15-20p on Monday. The rally on Friday was one of the most illiquid I've ever experienced. No stock available for several ticks at various points, limit orders totally ignored, very low stock available on quote and deal, whilst sells hardly dropped the SP and were mopped up immediately. A company facing collapse has been saved. Now it's world class assets can take center stage once again.

10.56p on TSX.

finish to the trading week. Hope you all got a nice chunk. GLA

to the guys at TPL for releasing the news during market hours.

NEW 2.0 expect we have some really brilliant assets. Hugely undervalued. :D

huge news. Priced for default and now saved. Look at those huge resource figures and all that production. Let's go farm out for some huge bucks.

Monday. :D

https://www.youtube.com/watch?v=FzCsDVfPQqk

this was so late in the day and a touch unexpected means that most will not have reacted yet. I expect to see major follow through on Monday. Tethys-1 we have liftoff.

TPL not going bust! 12p tomorrow. Look at those assets.

No probs.

Oil and NGL refers to oil and condensate, where condensate is gas under the ground that turns into liquid as it is produced due to the different pressure and temperature of atmospheric conditions. The other 11% will refer to gas production.

917 BOE/D, hmm still not over 1K. Given all those huge flow rates last year I thought we'd have been closer to 2K even with decline ratios. I also note the net current assets position of minus $41.4M. Cash down and debt up. That's an awful lot of debt there. CAZA needs higher oil prices or how are we going to pay it back? Am I missing something?