cmonaussie
"Can't really see the happy ending for shareholders - getting TAP for cheap by the look of it.".
Sadly I think you could be right.
But then again Woodside (or Santos, Apache) might look at Tap's gas assets and think to themselves to find another Tallaganda, Bianchi-1, Zola, Rubicon, Prometheus could cost $150M (with no guarantees) and then there is Manora and MO7 (Myanmar) so we'll make an offer of $1/share.