Had a quick read of the original farm in to Manora. Looks like TAP is still up for about 10m of production payments ( based on final reserve of Manora projects. there is also the abandonment costs ) but they are likely to be obtained ongoing from production
sheepskin, this may sound very black hat, but my experience suggests stocks that are about to raise capital often move relatively well in either direction. If it a big CR, inset normally get a whiff and selling is heavy. if its a SPP or RI and raising is smallish, stocks often move up well before a CR ann
i know most would like to see debt vs equity given SP, but from a risk perspective i would prefer to see equity raised, especially if the capital needs are small . i would even prefer to see offshore gas assets sold for as little as 40m usd
TAP Price at posting:
46.0¢ Sentiment: None Disclosure: Not Held
