TPT and other O&G explorers

http://www.proactiveinvestors.com.au/companies/news/19353/tangiers-petroleum-reveals-zeus-prospects-huge-potential-19353.html

Like a lot of oil & Gas explorers, they come up with hype. But why spend so much money on seismic studies if there is no truth in them. I have had at least eight major failures now; NGE, CTP, OEL, NDO, TAP (sold), MEO, MMR and FAR. AWE, KAR and ROC were failures too after initial success. In HDR (taken over by Tullow), the big hit in offshore Mauritania turned to be a small hit when the oil started to flow much slower than anticipated.

But then you only need one big hit! TPT has been rising and rising and even got a speeding ticket from the ASX. No drilling success yet; just hype.

NGE is interesting. It has hit a high pressure area now....