Your negatives are listed from a pessimists' viewpoint....lol
MD and company secretary gone are good things, it allows the company to breathe new life into management, which had been underperforming.
And Brunei is not a fail, as yet
The cap raising when done like this, is palatable, for reasons already discussed in this forum.
And you seem to have forgotten that finding oil is a very, very, very hard thing to do despite the technologies available today. Dusters are more likely than success. That's the oil business. Not wanting to sound like I am making excuses for the company's track record......it is what it is.
At this point we have to look forward.
I would not be assuming that this will open 'in the red'...let's see.
TAP Price at posting:
94.0¢ Sentiment: Hold Disclosure: Held