grahamc TAP only have 156M shares on issue. Marley is targetting 1000PJ and 20Mbo. 12.5% of this, a short swim from an existing platform, IMO would double the current SP on succesful production test, if not first sniff of gas....
A one-in-10 probability should have moved the SP up at least 10c and I think TAP consider the odds better than that after the (hurricane/inadequate blowout protector) aborted Marley 1.
Closer still is the possible decision to go ahead with Maitland (early May). 22pc (of Maitland's 270PJ + 4Mbo) could be worth well over $1 per share to TAP holders...
PPP holders are getting excited about their 10pc of Maitland on nearly 600M shares...
TAP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
