starfish-1, page-25

Agreed Baraka. Starfish1 was always a high risk well.
It seemed that TAP was gathering momentum on the back of Bianchi1 and they're drilling deeper there.
Moving forward the likely re-rating catalysts for TAP are Bianchi1, Taunton, further drilling in Thailand / Manora, and potential for the sale of WA gas assets.
TAP still looks undervalued at current levels despite losing a bit of its blue sky potential with todays disappointing news regarding Starfish1.