TPT - TAPPIT RESOURCES LTD Message Board

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Gold/Mining/Energy : TPT - TAPPIT RESOURCES LTD

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To: Scott Mc who started this subject	11/4/2002 4:54:18 PM
From: bill	of 1

Not much interest here. Go to Stockhouse. There are a few people following TPT. I've owned stock for years. Hold a fairly large position. Mom and pop operation. Makes the management a good income but hasn't done anything spectacular. Good news is that they gradually have been mtg their targets. First, 1000 BOD. Then 2000 BOD. New target is 3000 BOD. They're busy with horizontal, vertical drilling and a waterflood program. The horizontal is nice and safe. Always adds a few barrels a day. The vertical is always questionable as they've had quite a few dry holes. Don't know if they've got any better at finding new oil as opposed to tapping old oil. The waterflood program should increase the BOD but only time would tell. Given their cash flow the stock should be trading about 2.00 now. They've been buying back shares. They did a 1-2 consolidation. Not a barn burner but may be a good chance to double your money. In this market that's not to be sneezed at. Have to be patient, though. I noticed that it went to 1.08 today but then dropped back to 1.06.

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