TYK (VSE) Tanganyika Oil Message Board

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Gold/Mining/Energy : TYK (VSE) Tanganyika Oil

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To: Arktic who wrote (222)	9/27/1999 1:52:00 PM
From: Greywolf	Read Replies (1) of 500

Paul, I can only say that I took a big bite out of the bullet on this one. Yet it was very cheap for very long so.. But Itïs always less appealing to climb back on again rather than to sit there "snug as a bug in a rug". Yet with the geology and the fact that the test flows numbers were dependent on an inadequate pump rather than the wells criteria makes further words superfluous. This stock is not going ballistic yet though. It needïs cash flow by way of production so in the interim one can probably concentrate on a buy at pre $2 prices - once the dust settles. There is still the financing of further projects and else to have a look at. Also the small upstreamers need stable oil prices to really do well as to the stock price. After all this find only 6 months ago at oil at $12 per barrel would not have been as interesting. Even so the owners of this stock sure are justified if the stock price stays aloft. As for the reason for your sale well you know :) Greywolf

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