TAP tap oil limited
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    11/04/13
    14:09
    Post #: 11632268
    6 million of reserves - say 20 per barrel as not yet producing - 120m odd
    WA discoveries 50-90 m ( take lower figure of 50m )
    with cash assume net cash after debt Manora development debt of 10m
    gas contracts NPV of 40m
    starfish prospect very heavily discounted 15 m
    235

    share price 98 cents
    TAP Price at posting: 54.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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