Post by
CLOUDER on Aug 26, 2024 1:42pm
oil
Does TCF still have that oil lease? oil up big because missles flying all around over there, maybe TCF is going up on a oil wave. you know TCF`s marcket cap is like $50 to $60 million so maybe a take out by a company that can get it done. the platforms are worth 10 x this if it were a going concern,,....just a thought.
Comment by
mcnils on Aug 26, 2024 2:09pm
Thoughts are free. TCF needs real money to make the oil dream come true. The CEO has not yet given an answer as to how he intends to achieve this. The options he likes to choose are dilution & split and dilution in combination with split. When he strikes is unpredictable and he hasn't ruled anything out yet.
Comment by
gamaray on Aug 26, 2024 3:18pm
No, they have not fulfilled the farmin obligation. They shot a portion of the proposed seismic but could not pay the bills so there is no seismic data in hand. No way they can continue under these circumstances.
Comment by
CLOUDER on Aug 26, 2024 3:30pm
O.M.G. then why is this stock going up....OH yah it shouldn`t so it is. This is such a a corr...t market now. thanks for the info gamaray.
Comment by
mcnils on Aug 26, 2024 4:11pm
Yes right, plus they're talking about 2D seimics and everyone knows that 3D seimics minimise the chances of not failing due to dusters. The conditions are twice as bad due to unpaid bills and false premises.