medium term stategy on tap, page-9

dleb, I would really like to say something positive because I have been brutally truthful on Tap, but Taps share of the wells you mention is quite small and not enough to make up for the decline at Harriet and Woollybutt. That is their problem really,....small interests in production and big interests in dry holes. Result is that they have about the poorest reserve replacement ratio in the oil industry.
Contrast this to say NXS who have 50% to 100% interest in their various projects and started with much less than Tap.Tap have massively underperformed the rest of the oil stocks. Even dodos like Santos have outperformed them.
I will give it a break for a while and wont get back here unless I'm curious in a month or two.
Good luck, but remember you have to make your own luck to some extent so don't hang on to losers for too long.
Occam