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 these 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%
