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Last C$0.03 CAD
Change Today 0.00 / 0.00%
Volume 24.7K
TPN On Other Exchanges
As of 1:43 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

taipan resources inc (TPN) Snapshot

Previous Close
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52 Week High
05/26/14 - C$0.57
52 Week Low
02/24/15 - C$0.02
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taipan resources inc (TPN) Details

Taipan Resources Inc., through its subsidiary, Lion Petroleum Corp., engages in the business of exploring for and evaluating oil and gas resource deposits in East Africa. It operates and holds a 30% working interest in Block 2B property and a 20% working interest in Block 1 property in Kenya. The company was formerly known as Taipan Capital Corp. and changed its name to Taipan Resources Inc. in November 2009. Taipan Resources Inc. was incorporated in 2006 and is headquartered in Nairobi, Kenya.

Founded in 2006

taipan resources inc (TPN) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $438.7K
Chairman, Chief Financial Officer and Member ...
Total Annual Compensation: C$232.9K
Compensation as of Fiscal Year 2014.

taipan resources inc (TPN) Key Developments

Taipan Resources Inc Proposes Amendment to its Articles

AGM of the shareholders of Taipan Resources Inc. will be held on May 28, 2015, to consider, and if deemed advisable, approve, with or without variation, an ordinary resolution to alter and amend the articles of the company, as described in the accompanying Information Circular.

Taipan Resources Inc Auditor Raises 'Going Concern' Doubt

Taipan Resources Inc filed its Annual on Mar 03, 2015 for the period ending Oct 31, 2014. In this report its auditor, Davidson & Company, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Taipan Resources Inc. Provides Badada-1 Well Drilling Update

Taipan Resources Inc. through its subsidiary Lion Petroleum provided the following update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya. The Badada-1 well commenced drilling operations on 7 January 2015 and has been drilled to a total depth of 918 metres MDBRT intersecting a Neogene sequence. A 20-inch casing has been set at 298 metres MDBRT and the well is currently drilling ahead with the 17 1/2-inch section to the next casing point. The plan is to drill the well to a total depth of between 3,000 and 4,000 metres in order to test primary targets in Tertiary age reservoirs. Lion, the operator on Block-2B, expects the well to take up to 70 days to complete. The company will provide further operational updates as the Badada-1 well progresses. Taipan estimates gross mean unrisked recoverable resources of 251 mmboe for Badada.


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