I rolled the dice on Tarach-1 and lost also. That's how I consider this investment at this point in time.
It would have been a pretty cool story to come away with a commercial discovery with only 30 million shares outstanding. I think it would have gone to several dollars very quickly. Now there must be near 500 million and no end in sight. No drilling in sight. No oil in sight. No revenues in sight. Nothing to negotiate a percentage with.
PN should have sold the entire company as soon as no commercial oil was discovered in Kenya PERIOD. The remaining rights including the other prospects in Kenya block 11A are worth something to a company with other assets to carry them without CD financing.
Good luck to all, hope to find another gem out there with better odds.
News 
Market Data 
Discover 
