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Sale of Tap's gas assets, page-33

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Isladar

1,210 Posts.

157

31/10/14

05:09

Post #: 14212262
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Originally posted by coopec ↑

Ozalien

Nice to see you and Isladar with a much more realistic realistic idea of what Tap's gas assets are worth as a couple of "experts" on thuhese threads have previously suggested $20M - 30M for ALL of Tap's gas! I believe Tap's 20% of WA-351-P (Tallaganda lease) would be worth $50M alone.

It will be interesting to see who farms into WA-351-P because Tap's 20% and Apache's 25% share are on the market as well as Apache's 50% of the adjoining permit (WA-335-P) where gas has been found in the Bunyip-1 well. Maybe that will only be resolved after Apache's sale of 13% of Wheatstone is finalized.

I was surprised Woodside showed interest in farming in to WA-351-P back in 2011

For anyone not familiar with the two adjoining leases
WA-351- P BHP 55%
Apache 25%
Tap 20%

WA-335-P BHP 50%
Apache 50%

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Coopec, with Manora production a few weeks away , TAP will not need to sell their Crown Jewels ( gas assets) .
These non renewable resources will only be worth lots more in time and exploration upside as you are WE'LL aware , like Manora is considerably.

BHP Price at posting: $33.55 Sentiment: None Disclosure: Unspecified

STO Price at posting: $12.96 Sentiment: None Disclosure: Unspecified

WPL Price at posting: $39.72 Sentiment: None Disclosure: Unspecified

TAP Price at posting: 60.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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