refer article from from bloomberg businessweek below.
why do we only get part of the story from the tap ann? why do tap even do the anns if they are only 20% jv partner? shouldn't bhp do this?
k
"We have confirmed a gross hydrocarbon interval of 245 meters and 86 meters net pay in the well. Further evaluation of available data and appraisal activities are required to determine commerciality."
Tap Oil Ltd. (TAP.AU), which owns 20% of the well, said the "reservoir quality over the gas bearing interval penetrated in the well is variable".
By 0413 GMT, Tap shares were down 8.5% at 80.5 cents, having fallen as low as 76.5 cents."
TAP Price at posting:
78.0¢ Sentiment: ST Buy Disclosure: Held
