Energy - smartinvestment.ca

Bobwins · Joined: 05 Feb 2007 Posts: 1227 Location: Seattle, Wa

Taipan has been soaring for the past two trading days due to a big upgrade in resources.

Hit a high of C$.57 intraday today. I sold some at C$.51 to recover my costs. Will hold the rest to see if they hit anything on their several prospects in Africa.

http://www.stockhouse.com/news.....resources-(v-tpn)-jumps-28-on-thehydrocarbo

kjm · Joined: 13 Jun 2004 Posts: 802

http://www.resourcenewsreport......-in-kenya/

kjm · Joined: 13 Jun 2004 Posts: 802

I just bought an initial tranche of TPN and will add more later. Tullow and Africa Oil have been making some big discoveries in Kenya and Tpn is the fourth largest landholder with two blocks adjacent to these finds. This will be mostly a sleeper for the next year, as Q314 will be when the two blocks are spud by different jv partners. SP however could be given a jolt whenever the AOI / Tullow partnership makes a strike and they have sped up there development.