Trying to repair a flat tar roof

I have a small shop that I do some woodworking in that has a very old (30+ years) flat tar roof. Of course, it has a few leaks which are definately not a good thing in a carpentry shop. I cant have very many expensive tools in there becuase they could get wet and ruined. I cant store much lumber in there because of moisture the possibility of them getting wet and ruining also.
I have been reading up on the subject online and it seems that repairing a flat tar roof isnt garanteed to stop the roof from leaking. On the sites I looked at, it was suggested that it is more cost effective to replace the roof than to repair the leaks. Because, repairing the leaks doesnt always work so you will probably end up replacing the roof entirely anyways. We will see....
So I am off to Lowes to get some tar and see what I can do. I have never done it before but it cant be to hard to spread some tar around. Maybe I can do a little better than that though.

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