TAP 0.00% 7.8¢ tap oil limited

Updated major shareholder list, page-14

  1. 1,228 Posts.
    Hi Blackpeter suppose there is still no response from TAP re the updated shareholder list ?

    Anyone have any thoughts on what the state of the companies finances might be at the end of the December quarter. Assuming no outages at Menora, my guesstimate (best possible scenario in USD)

    Cash in hand = $ 20 m
    Debt = $40 m
    Net cash / (Debt) =. $ 20 m

    Even at this POO level TAP are still making money (average cost per barrel 24 USD as per Sept quarterly)
    Plus the gas sales revenues and taking into account hedging.
    Must admit it's starting to get alittle tight but there are others in in a far worse position!

    Disappointing no news on the refinancing, Sept quarterly stated this was agreed in principle.
    Miss Goodoils comment at this point in time.!
    Interesting times ahead.
 
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